UK public debt exceeds GDP for first time since 1961
Britain's public debt exceeded 100 percent of its gross domestic product (GDP) in May for the first time since 1961.
The country's net public debt...
EU countries agree on new sanctions against Russia
EU Term Presidency Sweden's official social media account, "Today, the ambassadors of EU countries agreed on the 11th package of sanctions against Russia." has...
Mixed course with China’s interest rate move in Asian stock markets
Asian markets mixed as China lowered key lending rates.
Asia-Pacific markets were mixed on Tuesday as investors digested the Chinese central bank's decision to cut...
China cuts loan rates
China lowered its one-year and five-year prime loan rates by 10 basis points each for the first time since August.
The People's Bank of China...
Alibaba appoints new CEO
Alibaba Group announced that it has chosen its new CEO to replace Daniel Zhang. According to the statement, the new CEO will be Eddie...