French President Francois Hollande is up to his neck in controversy following statements by his government’s labor minister, Michel Sapin, that suggested the country is insolvent.
According to the U.K. government, economic growth contracted at the end of 2012.
The U.S. Commerce Department announced today that the nation’s gross domestic product (GDP) for the fourth quarter of 2012 shrank, falling by 0.1 percent.
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Gift-tax limits to rise in 2013 Individuals can generally receive up to $13,000 a year as a gift without getting hit by a federal gift tax. In 2013, as a result of cumulative indexing, this amount is projected to increase to $14,000 …
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On January 23, the Italian financial community was shaken after the oldest’s bank in the world, Banca Monte dei Paschi di Siena, appeared to have taken a severe economic hit after a derivatives deal between it and Japan-based bank Nomura soured.
According to a report from a UN agency, global unemployment is rising once again.