The once booming Irish economy shakes the EU

Businesses closing, families losing their homes, broken marriages and an increasing number of Irish citizens that wish to leave the country is what is seen in the so-called Irish “tiger”, that this week had to accept help from its European neighbors to save its banks and prevent a further financial collapse. What happened to the […]
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Arctic ice could disappear in the second half of this century

– “Permanent Arctic ice may disappear much earlier than previously estimated,” said Dr. Vladimir Kattsov, Director of Voeikov Main Geophysical Observatory in St. Petersburg. Kattsov warned, at an international forum on the future of the Arctic held in Moscow, that according to recent satellite observations the Arctic region’s sea ice has shrunk to a historical […]
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Wall Street ends week 0.46% up

– New York Stock Exchange enjoyed a three-day rally with the Dow Jones Industrial index closing the week up by 0.46%, after a positive day for the energy market with oil prices rising more than two dollars. The Dow Jones Industrial index, which includes 30 major U.S. companies, rose 47.53 points, reaching 10,462.77 points, while […]
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Obama to unveil tax breaks for business investment

– President Obama, announced a massive and comprehensive plan today that should improve the country’s economy and help companies improve and build new infrastructure all across the U.S. and boosting job creation, at a cost of $50,000 million dollars and lasting six years. According to White House statements, this investment will help build 150,000 miles […]
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Global Economy at a crossroads

– “There are still several problems in the industrial countries which will result in slower growth for the coming years,” says former Central Bank President Vittorio Corbo. Almost two years have passed since the international financial system freeze that followed the collapse of Lehman Brothers plunged the world economy into a deep recession. The global […]
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Wall Street gains 3% this week

New York’s main stock market finished this week with almost 3 porcent growth, mainly fed by positive labor sector data, helping it accumulate a positive variation of 2.93% in the prior five work days. At the end of Friday, Dow Jones, the main indicator of the market, scored a 1.24% gain up to 10447.93 points, […]
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