Bank of America’s investment arm has offered some soothing words to investors fretting about an imminent meltdown in global equities and a resulting slowdown. The investment community have been busy watching the recent trend in bond yields this year, with many commentators predicting that the current economic cycle could be reaching a peak. The “flattening […]

Millennials in Britain should receive a one-off payment of £10,000 ($13,500) as soon as they turn 25 to help heal the “broken” intergenerational link between young and old, according to a prominent think tank. A “citizen’s inheritance” could boost the economic and social prospects for young people in Britain, said the Resolution Foundation’s report, authored […]

The European Union (EU) could slash funding for governments that fail to uphold democracy after it announced plans Wednesday to link its budget with the political health of member states. The EU said that it wants to link future budgets to whether or not member states have an effective judicial system in place, such as […]

Israeli Prime Minister Benjamin Netanyahu admitted to creating stronger strategic alliances with Arab countries in the wake of an emboldened Iran, calling it “an extraordinary thing” that he has not seen in his country’s entire history. “There is an alliance between Israel and other countries in the Middle East that would have been unimaginable years […]

One of the biggest issues on Larry Fink‘s mind these days is financial inclusion, he told a panel audience at the World Economic Forum in Davos, Switzerland. “I think the question isn’t the financial system but the inclusiveness of the financial system, and we don’t talk about that at all,” the BlackRock CEO lamented during […]

In the wake of a high-profile tax evasion scandal, Panama’s economy and finance minister said Thursday that the country was working with the international community to combat financial crime and tax evasion. Dulcidio De La Guardia, Panama’s minister of economy and finance, said the problem of tax evasion was not limited to his country. Speaking […]

Saudi Arabia‘s modernizing reforms show human capital is the new currency for the Arab kingdom, a member of the royal family said Thursday. During a panel at the World Economic Forum (WEF) in Davos, Switzerland, Reema bint Bandar Al Saud said: “Please just don’t look at us as oil… Human capital is the new currency […]

Cryptocurrencies need more regulation and their use for illicit trade, money-laundering and “dark trades” is unacceptable, global financial leaders including U.S. Treasury Secretary Steven Mnuchin told CNBC on Thursday. Speaking at a panel at the World Economic Forum (WEF) in Davos, Switzerland, Mnuchin and the IMF’s Managing Director Christine Lagarde, along with Deutsche Bank Chairman […]

Russian President Vladimir Putin said on Thursday that a blast that ripped through a St Petersburg supermarket the previous day injuring shoppers was the result of an act of terrorism. Putin was speaking at an awards ceremony in the Kremlin for Russian military servicemen and women who served in Syria. “You know that yesterday in […]

Swiss drugmaker Roche will buy U.S. cancer drugmaker Ignyta Inc for $1.7 billion to broaden its oncology portfolio globally, the companies said on Friday. Roche would pay $27 per share for Ignyta, representing a premium of about 74 percent to the stock’s closing price on Thursday, they said. Ignyta will continue its operations in San […]