Business & Economy

Some banks may have been experiencing a “full-blown financial crisis” due to a cash crunch arising from “failed fiscal and monetary policies”, according to a report. But the Arqaam Capital…

AFP Photo The International Monetary Fund’s steering committee on Oct. 8 called on member countries to use all policy tools to support a global economic recovery that continues “slowly and…

AFP Photo Oil rose more than 1 percent to four-month highs on Oct. 6, spurred by another informal Organization of the Petroleum Exporting Countries meeting on output cuts and plunging…

REUTERS photo Industrial output surged in August in three of the eurozone’s top economies, data released on Oct. 7 showed, providing evidence to of a rebound from the Brexit vote…

AP photo Global finance leaders on Oct. 6 publicly confronted the rising unpopularity of trade liberalization, saying world economies needed to strive for more inclusive growth. With Republican presidential candidate…

REUTERS photo Norway will dip further into its sovereign wealth fund next year to support the recovering economy but ministers facing a tight race for September elections warned the end…

Viagra Sausages A shop in the United Kingdom, is now selling sausages that contain ingredients that could help those suffering from erectile dysfunction. Fathers4Justice founder Matt O’Connor has launched a…

Candles that smell like new Apple MacBook A company began selling candles that smell like brand new Apple MacBooks. The product is being sold by Twelve South, which is based…

Turkey has ratified the payment of $1 million to the Catastrophe Containment and Relief Trust, the Official Gazette reported on Oct. 4.     Deputy Prime Minister Mehmet Şimşek signed…

The International Monetary Fund on Oct. 4 said protectionist political trends risked “turning back the clock” on free trade, warning of a low-growth future for the global economy. In its…