IMF Attempts To Tackle Global Corruption

IMF

The IMF is attempting to help its 189 member countries to implement new strategies to reduce corruption. According to a paper released by the IMF on Wednesday governments need to crack down on corruption to avoid facing negative economic and social impacts which could tip further countries into crisis. In...

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US Productivity

U.S. Productivity Sinks For The 2nd Straight Quarter

US Productivity dropped by 1.0% compared to an expected 1.4% decline which was forecasted by analysts. The U.S. saw a drop in first quarter nonfarm productivity,...

Alejandro Garcia

Puerto Rico Says It Will Default On $370 Million Debt Payment

The country’s governor said it was a “painful decision”. Alejandro Garcia Padilla, the Governor of Puerto Rico announced on Sunday that...

Oil Prices

Oil Prices Hit Year Highs After Surprise Inventories Drop

Oil prices are on track to record a 17% increase during April. On Tuesday the price of Crude oil reached a record high as the gasoline market rallied due...

Riyadh Skyline

IMF Encourages GCC Countries To Veer Away From Oil Dependency

The IMF has estimated that by 2020 30% of new entrants to the Gulf workforce will be unemployed. Continuing low oil prices are expected to drastically...

Christopher St. Lawrence

Town Supervisor Charged With Financial Securities Fraud

Christopher St. Lawrence is thought to have manipulated the towns accounts to get away with funding a new stadium. Criminal charges were brought up against...

Michel Sapin

France Pushes For Blacklist On Countries Used As Tax Havens

Michel Sapin said Panama would be placed back on the EU’s tax haven blacklist. On the heels of the Panama Papers leak that showed a law firm in Panama...

UK High Street

Outlook For UK Economy Dims With Survey Results

Despite the BCC seeing business sentiment fall, a survey from Visa Europe saw spending rise by 2.3%. The Quarterly Economic Survey of the British Chamber...

Lloyds Bank

Misconduct Cases And Fines Have Cost British Banks Nearly £53 Billion

Lloyds had to set aside nearly double the capital of any other UK bank to cover compensation during 2010-2014. According to a new study released by an...

UK Productivity

Decline In UK productivity In The Last Quarter Weakens Steady Growth In 2015

The Head of the British Chambers of Commerce blamed skills shortages, infrastructure bottlenecks and limited finance for the drop. The Office of National...

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