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Depressed oil prices, rampant corruption, and pipeline vandalism are only parts of Nigeria’s oil problem. It’s now losing a massive 400,000 barrels of crude daily to pirates in the Gulf of Guinea, an amount equal to the entire daily export capacity ...
Prince had no children, his parents are both deceased, and he was twice divorced. So who will inherit his millions? Prince was a meticulous planner, a thoughtful businessman and well-versed in legal matters (music-related ones, anyway), but it's ...
Germany's Finance Ministry on Saturday denied a magazine report that it would consider taking legal action if the European Central Bank resorts to "helicopter money" distributions to euro zone citizens, an extreme form of monetary easing. The idea ...
All through the night, the workers at Nebraskaland Inc., a meat distributor in the Bronx, roam the alleys of a cavernous warehouse, piling boxes of beef and chicken onto pallets in subzero temperatures. Until last year, many were paid $10 (U.S.) an ...
Rapid gains in Americans finding jobs strongly implies the economy is running at above-average speed. But a broader measure of growth says the U.S. has stumbled since last fall. What’s to believe? Side with employment. Companies hire only if they ...
Japan is witnessing a record number of compensation claims related to death from overwork, or "karoshi", a phenomenon previously associated with the long-suffering "salary man" that is increasingly afflicting young and female employees. Labor ...
As migration and inequality continue to get significant attention from the U.S. presidential candidates, it is worth noting a rising phenomenon at the intersection of these two topics: economic citizenship. A growing number of countries offer ...
Friday’s jobs numbers, the closely watched data that can provide a deeper look into the economy, were mostly good, and while the markets took some time to digest them, they initially reacted well. Will that happen again this week? Markets also ...
Bank of America is warning senior staff not to use the word "Brexit" when talking to clients as it tries to steer clear of the raging debate over the UK's membership in the European Union. The US bank last week told managers "not to provide ...
Tom Hayes, a former financial trader serving an 11-year jail sentence for conspiracy to rig Libor interest rates, will this week return to a London court in a multimillion-pound battle against prosecutors over assets that include a seven-bedroom ...
European finance ministers will once again deliberate over how to treat Greece’s ongoing debt crisis this week despite the country desperately grappling with refugees pouring across its borders. A meeting on Monday of finance ministers from the ...
Billionaire Iranian businessman Babak Zanjani has been sentenced to death for corruption, justice officials say. He was arrested in December 2013 after accusations that he withheld billions in oil revenue channelled through his companies. He denies ...
Chamath Palihapitiya, the founder of VC firm Social Capital, thinks the American political system is broken. But he sees a way to fix it: get Mike Bloomberg elected the next US president. In fact, he believes in it so much that he's willing to ...
The Japanese yen has become the lightning rod of extreme stress in the global financial system, rocketing this week in violent moves that threaten to plunge Japan back into deep deflation and overwhelm the experiment of "Abenomics". The currency has ...