The Irresponsible Bank of England Keeps Interest Rate Down At Record Low

Simon Rose of Save Our Savers, interviewed on Sky News after the Bank of England's MPC announced the 60th month of base rate at 0.5%.

BBC: UK interest rates kept at record low: UK interest rates have been held at 0.5% for another month, the Bank of England has said. » | Thursday, March 06, 2014

Soaking the Rich: Are the Wealthy Fleeing New York City?

Mar. 04, 2014 - 3:37 - Fox News contributor Michael Goodwin weighs in

Deutsche Firmen fürchten Eiszeit mit Russland

SPIEGEL ONLINE: Die Krim-Krise belastet die wirtschaftliche Zusammenarbeit zwischen Russland und Deutschland. Die Länder sind so eng miteinander verflochten, dass Sanktionen und mögliche Gegensanktionen ernsthafte Folgen hätten.

Hamburg - Der Warenstrom zwischen Deutschland und Russland ist fast ausgeglichen: Öl und Gas fließen aus Sibirien nach Deutschland, deutsche Unternehmen liefern vor allem Autos, Maschinen und chemische Erzeugnisse in die russische Föderation. Die wechselseitigen Verbindungen zwischen der Wirtschaft beider Länder haben sich in den vergangenen Jahren verstärkt - zu Wohl und derzeit Wehe der Unternehmen.

Rainer Lindner, Geschäftsführer beim Ost-Ausschuss der deutschen Wirtschaft zeigt sich deshalb äußerst besorgt über die Zuspitzung der Lage auf der Krim: "Wir erleben große Turbulenzen an den Märkten, die russische Wirtschaft ist bereits stark betroffen, genauso die börsennotierten deutschen Unternehmen, die auf dem russischen Markt tätig sind; darunter Metro , Volkswagen , BMW oder Daimler ". Deutschland habe deutlich engere Verbindungen zu Russland als andere europäische Länder, mit 6000 deutschstämmigen Betrieben seien mehr Firmen in Russland tätig als aus allen anderen EU-Staaten zusammen. Lindner zufolge hängen 300.000 deutsche Arbeitsplätze am Russland-Geschäft.

Das Handelsvolumen zwischen Russland und Deutschland belief sich im vergangenen Jahr auf rund 76,5 Milliarden Euro, wobei die russischen Exporte mit einem Wert von rund 40,5 Milliarden Euro leicht über den deutschen Ausfuhren (36 Milliarden Euro) lagen. Während Deutschland für Russland der drittwichtigste Handelspartner ist, liegt umgekehrt Russland nur auf dem elften Platz der wichtigsten deutschen Handelspartner - knapp hinter Polen. » | Von Franziska Bossy und Nicolai Kwasniewski | Dienstag, 04. März 2014

Inside a Nigerian Private Jet

BBC: Nigerians have spent $6.5bn on private jets, making it the largest market in Africa for luxury aircraft and one of the fastest growing in the world.

More than 100 private planes are said to operating in there - many of them owned by the country's growing number of rich businessmen and women.

Tomi Oladipo reports from Lagos airport. (+ BBC video) » | Sunday, March 02, 2014

German Supermarkt's 'supergeil' Advert Earns Superstar Status

Friedrich Liechtenstein's video promo for mammoth Edeka chain goes viral as store goes for more funky fresh image

Read the Guardian article here | Philip Oltermann in Berlin | Wednesday, February 26, 2014

HSBC to Announce Bonuses Totalling £2.4 Billion

LONDON EVENING STANDARD: HSBC will announce staff bonuses totalling just under £2.4 billion globally for 2013 and is expected to report a significant rise in pretax profit, according to reports.

Europe's biggest bank is expected on Monday to announce the size of its bonus pool, a sensitive issue as many Britons still blame banks for the 2008 financial crisis after which the state was forced to bail out RBS and Lloyds.

Earlier this month Barclays prompted an angry reaction from politicians and labour unions after it increased its bonuses by 13 per cent to £2.4 billion even as it announced plans to axe 12,000 jobs. » | Agency | Saturday, February 22, 2014

Counting the Cost: The Price of Closed Borders

We look at the global immigration debate and examine whether foreigners are good for a country's economy, or a burden.

Five Élite Bankers Die In Apparent Suicides

There's been a string of bizarre deaths in the globe's financial circles. In the past few weeks five high-profile bankers have died - all from apparent suicides. RT's Tesa Arcilla investigates.

The Joris Luyendijk Banking Blog »

David Cameron's Plans for EU Referendum Are 'Bad for the Economy', Mark Carney Warns

Mark Carney speaks on BBC's 'The Andrew Marr Show'

THE SUNDAY TELEGRAPH: Governor of the Bank of England says prospect of referendum will create "uncertainty" for businesses and mean that they "hold off" on investment

David Cameron's plans for a referendum on Britain's membership of the European Union are "bad" for the economy and could hamper investment, the governor of the Bank of England has warned.

Mark Carney said that the prospect of a referendum will create "uncertainty" for businesses and mean that they "hold off" on investment.

He compared the referendum, which is due to be held in 2017, to the near collapse of the banks and the financial crisis in the Eurozone.

His intervention is likely to prove embarrassing to Mr Cameron, who has pledged to reform Britain's relationship with the European Union before an in/out referendum in 2017. » | Steven Swinford, Senior Political Correspondent | Sunday, February 16, 2014

Inside Story: Scotland: A Rocky Road to Independence

The British government warns Scots of the consequences of its plans to withdraw from the Union.

31,2 millions de francs pour le gagnant de l'Euro Millions

TRIBUNE DE GENÈVE: Un chanceux a trouvé la combinaison gagnante de l'Euro Millions et a remporté 31,2 millions de francs ce vendredi.

Un joueur a trouvé vendredi la combinaison gagnante de l'Euro Millions et a remporté 31,2 millions de francs. Il a coché les numéros 2, 4, 6, 19 et 39 ainsi que les «étoiles» 2 et 7.

Lors du prochain tirage mardi, le jackpot atteindra 18 millions de francs, a indiqué vendredi soir la Loterie romande dans un communiqué. [Source: Tribune de Genève | ats/Newsnet | vendredi 14 février 2014

Cardinal Vincent Nichols: The Wealth Gap Is Widening

The New Dust Bowl: 'Epochal' Drought Hits California's Central Valley

The cracked-dry bed of the Almaden Reservoir in San José,
California

THE DAILY TELEGRAPH: Washington is finally waking up to California's worst drought since the 16th century, but is it too little too late? Nick Allen reports

On the road into the small California farming community of Mendota the signs read “Stop – dust bowl!” and “Save Water” as farmers in orchards are busy bulldozing withered almond trees.

It didn’t used to be like this here. Until recently this town of 11,000 people was proudly known as the “Cantaloupe Capital of the World”. Of all the many local crops its melons were most prized. Mendota’s farmers have been growing them since the 1920s, when Greek immigrants arrived and found the soil was perfect. The lush fields used to provide 70 per cent of America’s cantaloupes.

But today Mendota is becoming known for another reason. It sits at ground zero in an unfolding, slow motion billion dollar disaster, what climatologists are calling an “epochal” drought. Analysis of the rings in ancient sequoia trees suggests the region is experiencing a lack of rain not seen since 1580, around the time Sir Francis Drake reached the California coast and claimed it for Elizabeth I. » | Nick Allen, Mendota, California | Friday, February 14, 2014