Articles within Business

Billionaire David Rockefeller dies aged 101

Billionaire David Rockefeller dies aged 101

Rockefeller died in his sleep at his home in Pocantico Hills, New York.

Greek economy worse than previous estimates

Greek economy worse than previous estimates

The Greek economy shrank by 1.1 percent from the fourth quarter of 2015 to the fourth quarter last year. Earlier estimates showed a decline of 0.4 percent.

Rothschild takes over Greece's finances

Rothschild takes over Greece's finances

To overcome its unmanageable debt, Greece is hiring Rothschild to control the country's financial affairs.

Deutsche Bank apologizes for costly mistakes

Deutsche Bank apologizes for costly mistakes

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.

Seadrill in crisis

Seadrill in crisis

Rig giant Seadrill is struggling to survive and could become one of the largest bankruptcies in history.

130,000 Italians have lost their savings so far

130,000 Italians have lost their savings so far

"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 jumps above $1,000

Bitcoin jumps above $1,000

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.

Stock markets skydive as Trump takes the lead

Stock markets skydive as Trump takes the lead

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.

Norway's piggy bank is empty in 27 years

Norway's piggy bank is empty in 27 years

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.

- The Euro is finished, the EU is about to collapse

- The Euro is finished, the EU is about to collapse

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.

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