Within the next few months the Cuban government will ditch the Cuban convertible peso (CUC), one of the country’s two currencies, and one which is pegged to the US dollar. The CUC is designed to separate the heavily subsidi...
Europe Germany ordered to boosts benefits to asylum seekers Germany’s Constitutional Court has ordered the country’s government to pay a 50% rise in benefits to asylum seekers, who have for two decades received less ...
The Arab Spring clearly demonstrated a yearning for freedom in the Middle East. Whilst the Gulf was largely unaffected by bloody uprisings, the most bound and voiceless sector of Saudi society is still hungry for change. On t...
Europe Mario Draghi to unveil bond-buying plan for the eurozone Mario Draghi, president of the European Central Bank, is expected to unveil details of a new bond-buying plan later today. The ECB is expected to help cut...
Latin America Mexico to face partial recount in Presidential election The recount has been announced after Mexico’s electoral authorities said there were inconsistencies in Sunday’s election. It comes just two days after En...
Europe Eurozone unemployment reaches new heights Unemployment in the eurozone hit a fresh high of 18.2 million in August, according to the EU statistics agency. The number of people out of work rose by 49,000, but re...
Europe Scheme launches in UK to prompt lending The Funding for Lending initiative, a new scheme to prompt banks and other lenders to make more money available to homeowners and businesses, has come into operation in th...
“A great victory for the forces of oppression”, that’s how Trevor Kavanagh the associate editor of the Sun Newspaper described the Royal Charter drafted by UK politicians in the wake of the Leveson enquiry. “...