The global economy faces a depression-era collapse in demand if Europe doesn't quickly act to dramatically boost the size of its debt-crisis firewall, implement pro-growth policies and further integrate the euro zone, the head of the International Monetary Fund warned Monday.
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development program.
Kazakh bid to avert strikes costly for oil firms - IEA
Kazakhstan's efforts to provide employment and avert a repeat of last year's strikes by oil workers are likely to raise costs for the national oil company and foreign firms operating there, the International Energy Agency (IEA) said on Wednesday.
Iran warned Saudi Arabia against delivering additional oil to world markets to compensate for a drop in Iranian oil exports if they are hit by sanctions, as the U.S. continued to have mixed success in convincing Iran's major oil customers to reduce their purchases of Iranian oil.
When I was a student, I remember how we were introduced to the western management concepts like KISS (Keep It Simple, Stupid) and were told that the best products and services are the ones, which are simple.
Samsung Group plans record $41 billion investment in 2012
Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors.
Russian Credit Outlook Cut to Stable at Fitch on Political Risks
Jan. 16 (Bloomberg) -- Russia's credit rating outlook was lowered to stable from positive at Fitch Ratings as political uncertainty spurs capital flight and threatens plans to wean the economy off its dependence on energy exports.