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International and Economic News

Wednesday, 01. October 2014
Google Inc
The city of Hamburg's data protection commissioner said the tech giant's information gathering risked creating "meaningful and comprehensive" records of individuals without consent.
Wednesday, 01. October 2014
Supermarkets and Grocery Stores
The announcement dealt another blow to the supermarket chain, whose stock has fallen by nearly half since the start of the year.
Wednesday, 01. October 2014
Tuberculosis
The government has authorized a cull of hundreds of the animals in an attempt to combat bovine tuberculosis, which badgers can transmit.
Wednesday, 01. October 2014
Surveillance of Citizens by Government
The Chinese government said that after it presented Apple with concerns about the iPhone 6's security features, the company provided it with "official materials" to address them.
Wednesday, 01. October 2014
Austerity
All of the suffering in Europe inflicted in the service of a man-made artifice, the euro is even more tragic for being unnecessary, writes Joseph StiglitzIf the facts dont fit the theory, change the theory, goes the old adage. But too often it is easier to keep the theory and change the facts or so German chancellor Angela Merkel and other pro-austerity European leaders appear to believe. Though facts keep staring them in the face, they continue to deny reality.Austerity has failed. But its...
Wednesday, 01. October 2014
Banking
Alarm bells sounded as sector accounts for around 30% of systemic risk in US and growing fast in UK and eurozone due to tighter bank regulationBritains shadow banking sector is more than twice the size of any other economys as a share of GDP, according to the International Monetary Fund.But despite its large size in the UK, it is in the US that lending outside the regulated banks poses the biggest risk, the Washington based fund said. This was partly because the US is the only country where...
Wednesday, 01. October 2014
David Cameron
Cameron casts his party as trade union for hardworking people in his final party conference speech before general electionDavid Cameron launched an audacious bid to woo voters in next years general election by pledging to raise the personal income tax threshold by £2,000 a year as well as lifting the 40% tax band to £50,000.Casting the Conservatives as the trade union for hardworking people, the prime minister reached out to aspirational voters in Middle Britain by unveiling a...
Wednesday, 01. October 2014
Manufacturing sector
PMI figures signal strong run of growth has stalled amid uncertainty over Scottish referendum, flagging eurozone and slowing domestic demandBritains factories suffered the worst month in almost a year and a half in September, signalling that the strong run of growth at the start of the year is over.Economists said uncertainty over the Scottish referendum, a flagging eurozone economy, and slowing domestic demand were all likely to have contributed to the weak performance, putting any remaining...
 
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