Thousands of Spaniards attend an anti-austerity demonstration in the capital Madrid, on June 16, 2013. Thousands of Spaniards have staged rallies across the country to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. The protests took place on Sunday in 29 cities including the capital Madrid, the country’s... 

Why investors are sometimes misled? Perhaps, the goal is to further scare and disorient the investment funds and individuals so that they quickly get rid of their gold (and earlier – silver) because the gold has allegedly lost its former appeal and reliability, and stock quotes have sharply declined. Likely, someone needed them to fall. Where else if... 

At least one in six children in Britain lives in relative poverty. At least one in six children in Britain lives in relative poverty, new figures released by the Department for Work and Pensions (DWP) have revealed. In 2011-12, 2.3 million or 17 percent of UK children were recorded as “living in homes with substantially lower than average income”. The figure... 

Italy’s economy shrinks more than previously estimated in the first quarter of 2013. Italy’s economy has contracted more than initially estimated in the first quarter of 2013, marking the seventh quarterly contraction in a row, the country’s statistical agency says. Figures from the national statistical agency, Istat, showed on Monday that Italy’s... 

The German government has struck a deal with the “Jewish Claims Conference” that will pay 772 million Euros (1 billion dollars) over 3 years as additional reparations to solely Jewish individuals that lived in German occupied territories in World War II. This money is not only for Jews that were imprisoned in concentration camps, but also applies to Jews... 

The European Union has imposed anti-dumping duties on biodiesel imports from Argentina in a move dubbed by Buenos Aires as “aggressive protectionism,” Press TV reports. The decision by Brussels to levy 10.6-percent tariff on biodiesel took effect on Friday and will be in force for six months. Argentina’s Foreign Ministry slammed EU’s decision, saying,... 

South African President Jacob Zuma addresses striking miners at a platinum mine in the town of Marikana. South African President Jacob Zuma says problems including strikes and deadly clashes faced by the mining industry have affected the country’s economy. “When our mining sector is in difficulties, this affects the wider economy, leading to industrial slowdown,”... 

As the federal government continues to struggle with its deficit, a new study has found that the top ten US tax deductions, credits and exclusions will allow taxpayers to withhold paying the government $12 trillion over the next ten years. Households in the top 20 percent of US income distribution will receive more than half of the $900 billion in tax break... 

People waiting in line at a government employment office in Spain. Fresh data reveal the eurozone unemployment rate has hit a record high of 12.2 percent in April, with around 19.2 million receiving government financial assistance as recession continues to take its toll on European economies. The Eurostat data agency said on Friday that a total of 1.6 million... 

The discovery of a Monsanto-created, genetically modified strain of wheat in the US that was never approved by the United States Department of Agriculture has imperiled US exports of a staple world food commodity. Japanese authorities have already opted to cancel part of a tender offer to buy US western white wheat and have suspended imports of both that variety... 

An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people reached a record high of 3.26 million in April. The ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy increased by 39,800 last... 

British military vehicles are parked in a compound in Camp Bastion, Afghanistan. An independent study has found that the UK military’s presence in Afghanistan’s Helmand province, where most British troops are based, has cost the country more than 37 billion pounds so far, local media reported. The author of the damning study entitled “Investment... 

Ever since Barrack Obama took office as the President of the United States (POTUS) governmental spending has been out of control, as the men behind the curtain seek to squeeze every last drop of lifeblood from this once great nation. Although in some peoples minds governmental spending has always been out of control, the Obama Administration takes the cake. It’s... 

Young Spaniards protesting against the government in Madrid. European leaders have warned that youth unemployment in the European Union (EU) must be tackled urgently, as nearly one in four young people in the bloc is out of work. At a conference in Paris on Tuesday, ministers from France, Italy and Germany said if the issue is not addressed at once, the young... 

Official figures show that the number of Italians who are in a grave economic condition has increased to an alarming point, Press TV reports. Italy’s National Statistics Institute, ISTAT, said in a newly released report that at the end of 2012, around 15 million people were dealing with some form of economic hardship. The report added that over 8.5 million...