Articles within Business
To overcome its unmanageable debt, Greece is hiring Rothschild to control the country's financial affairs.
Germany's largest lender, Deutsche Bank, has apologized for its costly mistakes in the past - in full-page newspaper ads - as it deals with historic legal troubles. Last week, Deutsche Bank announced a 1.4 billion euro annual loss.
Rig giant Seadrill is struggling to survive and could become one of the largest bankruptcies in history.
"The crisis in Greece was one thing, but what is happening in Italy now is huge," says economist George Friedman, chairman of Geopolitical Futures, as Italian banks with huge debt raises fears of a new financial crisis in the EU.
Bitcoin is used to move money across the globe quickly and anonymously and does not fall under the purview of any authority, making it attractive to those wanting to get around capital controls.
As presidential candidate Donald Trump takes the lead in several polls after leaked Emails and continued FBI investigation of rival Hillary Clinton, stock markets - or the very rich - are getting very worried.
New calculations show that Norway's wealthy Oil Fund will be out of money in about 27 years if the increase in spending continues at the current pace.
Creator of the Euro, professor Otmar Issing, puts the world on alert of an impending economic catastrophe, with the predicted collapse of the Euro likely to spark a cataclysmic chain of events for financial institutions across the globe, bringing misery to hundreds of millions of ordinary Europeans.
The total federal debt is now staggering $19,642,949,742,561,51, up $9,000,000,000,000 for the first time.
Former Minister of Finance, Anders Borg, predicted last spring that an economic crash in Sweden is coming. It seems he may be right.