Archive for the ‘News’ Category

China launches World Bank rival

China and India are backing a 21 country $100 billion Asian Infrastructure Investment Bank (AIIB) to challenge to the World Bank and Asian Development Bank.

Memorandum of understanding were signed with 21 Asian countries in Beijing Friday. Australia, Indonesia and … Read the rest

British spies allowed warrantless access to US data

British authorities are capable of tapping into bulk communications data collected by other countries’ intelligence services—including the National Security Agency—without a warrant, according to secret government documents released Tuesday.

The agreement between the NSA and Britain’s spy agency, known as … Read the rest

Germany struggling to contain discontented business leaders

The German Chancellery is struggling to contain discontent by leaders of key German concerns.

Business heavyweights are making attempts to influence the government’s policy towards Russia, Der Spiegel weekly reported on Sunday.

Bavaria’s Chamber of Commerce and Industry urged the … Read the rest