Finance news you need to know today
Ikea is being investigated by European regulators over allegations the Swedish furniture giant avoided paying more than $1.5 billion in taxes.
World Economy
‘It’s like day before World War I’
A LOOMING vote overseas is being compared to “dangerous moments” in history. It will have a huge impact on Australia.
One thing worse than another GFC
AS MARKETS plummet and debt piles up, it looks gloomy on the horizon. But there’s something worse we should worry about.
Finance news you need to know today
ANZ Bank has refused to comment on a report that it will face legal action by the corporate watchdog over alleged interest rate rigging.
How the world will look in 2025
THE world’s superpowers will be thrown into chaos and the war on IS will end. But there’s also bad news ahead.
Bizarre plan to keep criminals in check
WASHINGTON DC’s soaring crime has residents totally fed up. So they’re resorting to extreme measures.
Japan’s surprise move to fix slump
IN a move to boost the country’s stumbling economy, the Bank of Japan has implemented a negative interest rate policy for the first time.
‘So bad there is no answer’
THE world is facing an avalanche of catastrophic bankruptcies and defaults. Even worse, there might be no way to avoid disaster.
Stock market plunges around the world
BILLIONS of dollars have been wiped off the global stock market, bringing the market to its lowest level in nearly two years.
World warned of scary times ahead
THE International Monetary Fund said slower Chinese growth, a stronger US dollar, lower oil prices and political turmoil could all wreak more havoc on us.
A $22 billion tax on sports tickets
THE UN is calling for a tax on sports tickets, concerts, airline travel and other entertainment to fund its booming aid budget.
Scary graph explains nation’s fear
THINGS are getting ugly in Germany as backlash grows over alleged sex attacks by migrants. This depressing graph says it all.
Could China cause a second GFC?
BILLIONAIRE investor George Soros has issued a warning that we could be about to repeat the global financial crisis that caused havoc in 2008.
Muslim teenagers’ sick NYE rampage
A VIDEO of teenagers running wild on New Year’s Eve and lighting a petrol bomb under a Christmas tree while yelling “Allahu Akbar” has sparked outrage.
An entire country is on edge
AS THE world partied on New Year’s Eve, one nation was being warned of an “imminent” threat. But it has bigger problems.
Oil prices fall, everything else goes up
AN ENTIRE nation is in shock today, with a drop in the value of oil leading to higher prices for practically everything else, from petrol to cigarettes.
Saudi Arabia posts $135bn deficit
SAUDI Arabia has announced an eye-watering budget deficit of $135 billion as lower oil prices cut into government revenue.
Finance news you need to know
A DATABASE of Hello Kitty customers has reportedly been hacked, putting 3.3 million people’s personal data at risk.
What’s the big deal about bitcoins?
POLICE raids on a Sydney man have sparked rumours that he may be the mysterious creator of the online currency, bitcoin. But what is it, anyway?
Why no one wants the Olympics
ARE the Olympic Games a worthwhile investment of money? A growing number of cities are saying ‘no’ — and that could spell trouble.
Kiwis could face arrest if they fly home
THIS is not a drill. New Zealand has warned its Down Under defectors they could be arrested if they fly home for Christmas this year.
The city where businessmen are vanishing
IT READS like the synopsis of a crime novel. Chief executives are vanishing into thin air from this city, leaving people scratching their heads.
Why hitting IS wealth isn’t working
THE West has stepped up bombing of Islamic State’s oilfields along with trade sanctions. But taking them down requires far more work.
‘It’s a once in a generation choice’
EVERYONE thought it was going to be Greece that broke up the EU, but the UK could be the first to leave with a major decision looming that ‘cannot be undone’.
US opposes Pacific free-trade pact
DESPITE the US’s lack of support for the Trans-Pacific Partnership agreement, Trade Minister Andrew Robb says no congress can afford to stand in the way.
Finance news you need to know
AUSTRALIA’S biggest lender, the Commonwealth Bank, has lifted its quarterly cash profit four per cent to $2.4 billion.
Will the TPP save Oz after mining boom?
DETAILS of the long-awaited and contentious Trans-Pacific Partnership free trade deal have finally been released. But not everybody is happy.
China’s new policy sinks condom maker
SHARES of companies that make diapers, baby strollers and infant formula went up, but a popular brand of condoms wasn’t as impressed.
Cruel cost of the one-child policy
AS THE rapidly expanding China ditches its controversial one-child policy, the urban middle class say it has come at a price.
China’s bizarre propaganda video
IT’S LIKE watching Play School on acid. China’s bizarre propaganda video takes us on a psychedelic tour of the Communist Party’s inner workings.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/54