‘Dr Doom’ hits out at China fears
THE man who predicted the US housing market crash that preceded the GFC has hit out at “manic-depressive” investors panicking over China.
World Economy
Luxury resort opens in war zone
THIS is a strange place in which to open a luxury resort. It’s expected to be completely “uninhabitable” within five years.
New trend in big game hunting
IT’S the industry that bankrolls some of Africa’s most dangerous militia and terrorist groups. Now the government is getting in on this sickening business.
State that’s giving away free homes
IT SOUNDS too simple, and perhaps too expensive as well. But one American state has actually tried this, and the results are truly incredible.
The cure for Japan’s failing economy
JAPAN is notorious for a brutal corporate culture where people literally work themselves to death, yet the economy is in free fall. Here’s the PM’s radical solution.
Finance news you need to know
CHINA’S central bank has cut its benchmark interest rates and the amount of cash banks must keep on hand.
Angry mob drags CEO from luxury hotel
DRAMATIC photos posted to social media show the moment the head of a Chinese company was dragged from his luxury hotel by a mob of angry investors.
Greek PM’s shock resignation
AFTER securing a third bailout with European creditors, Greece’s Prime Minister Alexis Tspiras has announced he is quitting and called an early election.
Finance news you need to know
GREEK politicians are preparing to vote on the terms of the country’s third international bailout since 2010, which have split the ruling radical left Syriza party.
Finland backs Greek bailout deal
FINLAND has given its approval for a third eurozone bailout package for indebted Greece, as long as dozens of preconditions outlined by creditors are met.
It’s time to worry about China
CHINA has just achieved something remarkable, but there are signs the golden run is about to end. Australia will feel the consequences.
China see slump in Aussie dollar
THE Aussie dollar has sunk to a new six-year low after Chinese authorities devalued its currency. We explain exactly what China did, and why.
Hipsters create their own cash
WANT to buy a coffee here? Times are ch-ch-changing. Hope you brought your hipster banknotes.
Finance news you need to know
THE Commonwealth Bank has reported a five per cent rise in full-year net profit to a record $9.063 billion, while CBA shares went into a trading halt as it announced a $5 billion capital-raising.
Finance news you need to know
THE planned merger of travel booking sites Expedia and Orbitz has sparked monopoly fears among United States consumer advocates and hotel owners.
Finance news you need to know
BILLIONAIRE investment guru Warren Buffett has suffered a blow to his massive fortune, with his company Berkshire Hathaway reporting a 37 per cent drop in its second-quarter profit.
Greece in ‘final stretch’ for deal
ALEXIS Tsipras says his government is nearing a deal with creditors on a mammoth bailout, as the hammering of the Athens Stock Exchange continues.
The world’s other financial disaster
WHILE attention focuses on Greece’s turmoil and China’s share market collapse, spare a thought for this place going through financial ruin.
Greek shares down 23 per cent
THE Athens stock exchange has plunged by 23 per cent on reopening this afternoon, as the world braces for more chaos in the debt-stricken nation.
Vigilante king creates private police force
MEET the suave businessman who is taking policing the crime-ridden streets of his city into his own hands. He’s beating the cops at their own game.
Australia says ‘no deal’ in TPP negotiation
AUSTRALIA will not sign up to the $200 billion Trans-Pacific Partnership trade deal after talks failed to resolve significant industry issues.
Finance minister’s secret ‘Plan B’ leaked
LEAKED recordings show Greece’s ex-finance minister had a secret plan for a parallel banking system, as creditors begin work on a bailout package.
Mogul’s crazy idea to solve crisis
THEY are the world’s most desperate people — and no one knows what to do with them. Could this “harebrained” idea solve the crisis?
‘I suggest we take a cold shower’
KEVIN Rudd has hosed down fears of a regional conflict between the US and China kicking off in the South China Sea.
Greek bailout talks begin
GREECE’S creditors are set to kick off discussions about the third bailout package for the debt-ridden country.
Buried alive: Venezuela’s ‘tomb’ prison
AS VENEZUELA teeters on the brink of collapse, the government’s crackdown on dissidents means that peaceful protesters are left languishing in a torturous underground jail.
‘They bring you to the point where you can’t pay’
GREECE’S former Finance Minister Yanis Varoufakis has defended the controversial bailout referendum, slamming European creditors as “terrorists”.
Welcome to the megalopolis
IT’S the size of 17 Sydneys and will be home to almost six times the population of Australia. But a lot of those people won’t be winners.
Greece’s banks reopen to mixed emotions
ACROSS Greece, locals formed orderly queues outside the nation’s banks that opened for business for the first time in three weeks but not everyone is happy.
Why are Greeks spending crazily?
THEY’RE facing financial meltdown, but Greeks are splashing out on electronics and jewellery like never before. Why?
ECB gives Greece breathing space
GREECE’S banks have been saved from collapse after MPs grudgingly passed a tough reform package demanded by creditors.
Streets of Greece turn very ugly
UPDATE: Greece has passed controversial new austerity measures – but its people definitely aren’t happy.
Tensions high over Greece bailout
GREECE’S Alternate Finance Minister has resigned in protest over the austerity measures the country is asked to implement in exchange for a bailout.
Revolt over austerity deal grows
GREECE’S left-wing government launched a frantic 24-hour effort late Tuesday to push more austerity measures through Parliament.
Did Olympics ruin this country?
IT’S famous for its ancient ruins, but the modern ones are just as striking. They’re abandoned and decaying – the perfect symbol.
Greece’s collapse like you’ve never seen it before
DRY cleaners, travel agencies, dressmakers and butchers. This photographer is capturing a dying economy, one business at a time.
Grexit could trigger ‘migration wave’
THEY are going hungry and one former government minister predicts they’ll soon come to Down Under, which could be terrible for Greece.
Greek public servants strike over deal
ANGRY Greek public servants are preparing to go on strike tomorrow over draconian bailout conditions agreed by Prime Minister Alexis Tsipras last night.
‘Misery, humiliation and slavery’
EUROPEAN leaders might be pleased with themselves, but ordinary Greeks are more frightened than ever.
New Greece bailout agreed at summit
UPDATE: THE President of the European Council says a unanimous agreement on a Greek bailout deal has been reached after a marathon 17 hours of talks.
Greece’s scary 24-hour to-do list
EVERYONE’S cock-a-hoop this morning, because Greece has finally agreed to a deal. But the drama definitely isn’t over.
Bitter fight ends in new Greek deal
BAILOUT negotiations got heated with reports of raised voices and outright hostility but at the 11th hour Eurozone leaders finally agreed on a bailout plan for Greece.
China crash sparks ugly backlash
A WEEK after China’s monumental crash, stories of suicides and the role the country’s underground “shadow” banks have emerged.
Deal or no deal: Greece on deadline
GREECE is facing its last chance for a deal to avoid exiting the euro, but will that really mean the end for the long-running saga that’s causing global financial uncertainty?
Greek MPs approve bailout plan
GREECE’S parliament has approved a reform package to save the country from financial ruin, which could avert a possible an exit from the euro.
‘I just can’t take it anymore’
AS Greece continues to battle hardship and confusion, the people caught in the crisis try their best to put on a brave face.
Greece’s make-or-break negotiations
GREECE’s left-wing PM will spend today pleading with colleagues to back his harsh new austerity package, but many feel humiliated by the backflip.
Fearful Greeks start panic spending
WITH a deadline just hours away for Greece’s leaders to deliver a full reform plan, panicked Greeks are ‘binge spending’ for fear of losing their life savings.
China crash ‘could hit house prices’
CHINA’S stock market crash has already bled into the iron ore price, and it could have flow-on effects into Australia’s credit-fuelled housing market.
Europe gives Greece five more days
EUROZONE leaders have slammed Greece’s inability to confront its financial problems as Prime Minister Alexis Tsipras is given until Sunday to come up with a new plan.
Greeks fear the worst is yet to come
EUPHORIA has turned to fear as banks in Greece remain shut and panicked citizens worry about what will happen to their savings.
Big change they don’t want Aussies to know about
A SECRET deal being negotiated in Geneva could see giant international childcare providers enter the Australian market.
The man with the impossible job
THE man who must now lead Greece’s negotiations with furious European leaders has admitted a severe case of “stage fright”. We don’t blame him.
Europe’s stern warning to Greece
GREEK banks will stay closed amid fears ATMs are running out of cash. Meanwhile, France and Germany have one demand after crisis talks overnight.
‘Monstrous’ crisis looms in China
WHILE everyone’s talking about Greece, another crisis is brewing closer to Australia – and it could amount to a $3.2 trillion crash.
Help on the way for sobbing pensioner
HE WAS the sobbing pensioner who became the face of the Greek debt crisis. Now an Australian man is on his way to help with a very generous offer.
Greek Finance Minister steps down
UPDATES: GREEK Finance Minister Yanis Varoufakis has announced his shock resignation in a bizarre statement published on his personal blog.
Dangerous path Greece has chosen
PANICKED Greek citizens have tried to vote their way out of poverty, but the stunning result could have disastrous consequences.
No country has ever done this
THE Greek people have just done something unprecedented. What would an exit from the euro actually involve.
‘He has no idea what he’s doing’
HE told the people to vote ‘no’ and they followed, despite the result being certain chaos. Has this man been vindicated?
Polls show no vote’ likely to win
GREECE’S government has claimed ‘a clear mandate’ for less stringent bailout conditions as early results showed voters rejected Europe’s bailout package.
The face of Greece’s despair
A PENSIONER slumped on the ground outside a bank has become the despairing face of Greece’s financial crisis with cash reserves running dry.
‘Suicide, blackmail and lies’
EUROPEAN leaders have used surprisingly undiplomatic language to accuse Greece of a litany of sins — and there’s a very good reason, experts say.
Greece’s extraordinary act of forgiveness
SIXTY years ago, Greece helped Germany scoop an ‘economic miracle’ to save it from financial doom. Now the roles have reversed, should the Greeks expect the same?
Greek government ‘ready to quit’
GREECE’S left wing government says it may resign if it loses a make-or-break referendum that could decide if the country leaves the eurozone.
Confusion in Greece: what’s going on?
GREEK Prime Minister Alexis Tsipras continues to bamboozle European leaders, telling them he is ready to do a deal but then telling citizens to vote no.
How a Greece ‘no’ vote harms Australia
AN EXPERT has warned that Australia is not immune from the debt crisis causing panic in Greece and across Europe.
The people getting $1000 a month for doing nothing
THIS city is holding a daring social experiment based on a surprising idea: give everyone an unconditional basic income, and they will thrive. Could it work?
Why the world should be worried
THE catastrophe in Greece could be even worse than we thought. If we’ve learned anything from these other countries, it’s that.
Argentina’s advice for Greece
AS ARGENTINES closely watch the crisis in Greece, the architect of the South American country’s recovery has a message for the European nation.
Greece proceeds with vote plan
THE Greek government has vowed to go ahead with plans to have the people decide whether they want more austerity measures in exchange for a rescue deal.
New hope in Greek financial crisis
AS GREEKS line up to withdraw their cash, the PM has said he will accept a conditional bailout. But he’s asked for one thing.
Unthinkable disaster is looming
THE deadline has passed, and Europe is officially facing an unprecedented catastrophe. So, what happens next?
Greece defaults, but what happens next?
THE next three weeks are critical for Greece, after it failed to meet the deadline to repay its $2.2 billion debt. Here’s all you need to know about the crisis.
Where Greece could restart talks
GREECE has defaulted on its repayments to the IMF after talks with creditors broke down. Could this be a way out of the crisis?
Last-ditch proposal slapped down
GREECE has slipped deeper into its financial abyss, with the rest of the Eurozone rejecting a last-ditch proposal to extend its bailout.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/52