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.
For a system that moves half a trillion dollars around the globe each year, remittances are remarkably primitive. The person–to–person (and usually relative–to–relative) cross–border transfers require large fees (9% on average, acco... Read Post
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