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In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether [...]
http://timesofindia.indiatimes.com/news/world/uk/British-youths-heading-for-Somalia-for-jihad-training-Report-/articleshow/5006125.cms
Although Afghanistan and Pakistan remain the main destination for Britain’s would be terrorists, British youths are increasingly heading for Somalia for “jihad training”, a media report said today.
British spy agency MI5 has warned that the number of young Britons traveling to Somalia to fight in a “holy war”, or train in terror training camps, has [...]
Japan has exited recession after recording growth of 0.9% in the April-June quarter, compared to the first.
The economy had shown four consecutive quarter-on-quarter contractions.
Recent figures have shown other nations are also coming out of the recession, including Germany, France and Hong Kong, a sign the slowdown is easing
If [...]
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