Bankers to the rescue? On Wednesday, the West's major central banks launched a coordinated effort to prop up the floundering eurozone. Essentially, the banks moved to lower the cost of loans by making more dollars readily available, all in an attempt to help stave off a credit crunch. "At last, somebody does something!" says Tim Worstall at Forbes. Many investors shared that sentiment, and markets shot up on the news.
The African Development Bank on Tuesday pledged $60 million (45 million euros) to help fight the worst-ever outbreak of Ebola which is raging across west Africa. The aid will help authorities in Guinea, Liberia, Sierra Leone and Nig... Read Post
MOSCOW (AP) — Russia banned most food imports from the West on Thursday in retaliation for sanctions over Ukraine, an unexpectedly sweeping move that will cost farmers in North America, Europe and Australia billions of dollars but w... Read Post