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.
(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
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