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U.N.: Crime generates trillions of dollars each year

2 years agoNews : The Coming Crisis

VIENNA (AP) – Criminality worldwide generates proceeds in the trillions of dollars each year, making crime one of the world's "top 20 economies," a senior U.N. official said Monday. With the scope of global crime — and particularly organized crime — threatening emerging economies and fomenting international instability, Yury Fedotov called for concerted world action to combat the trend.
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U.S. investigating banks in criminal Libor probe

News : The Coming Crisis (2 years ago)

(Reuters) - The Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate that is at the heart of a wide range of loans and derivatives, from trillions of dollars of... Read Post

World’s biggest economies must pay $7.6 trillion in maturing debt this year

Business & Finance : Business Report (3 years ago)

Governments of leading economies globally have more than $7.6 trillion (R61.3 trillion) of debt maturing this year, with most facing a rise in borrowing costs. Led by Japan’s $3 trillion and the US’s $2.8 trillion, the amount coming... Read Post

Finance officials confident of global growth

News : The Newsroom (4 months ago)

WASHINGTON (AP) — Finance officials from the world's major economies believe an ambitious goal to boost global growth by $2 trillion in the next five years is within reach despite a variety of threats, including rising tensions over... Read Post


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