Cyprus is paying a high price for the $13 billion financial rescue it obtained from the E.U.: the destruction of a key pillar …
Russia
Cyprus Banking Crisis: The Endgame Begins
The ultimatum has been issued: the E.U. is pressuring Cyprus to end its standoff over a proposed financial-rescue package and agree to new terms very rapidly — or face bankruptcy. Cyprus is scrambling to respond with a revised …
Cyprus: The E.U. ‘Rescue’ That Risks Backfiring
With its $13 billion agreement to bail out Cyprus, the E.U. this weekend thought that it had successfully doused the latest threat to its single currency, the euro. Cyprus has run into trouble because its banks are heavily …
Is India Innovative?
A new study by the credit rating agency Standard and Poor’s suggests that India may become the first “BRIC” country to lose its investment grade rating. Is a lack of innovation the reason?
Why Vladimir Putin Needs Higher Oil Prices
As oil prices sink, so do the prospects for the Russian economy.
Why the eBay of Russia Is Based in … Skokie, Ill.?
Odd Angry Birds Merchandising: Angry Birds-Themed Soda, Jewelry, Debit Cards & More
Sure, Angry Birds is popular. More than 1 billion Angry Birds games have been downloaded around the world. But somewhere between the arrival of Angry Birds toys and T-shirts and Angry Birds’ debit cards, the craze over the silly, …
The Falling Stock Market’s Evil Twin: The Falling Dollar
A sinking dollar may be great for parts of the U.S. economy but it sure is tough on certain investors and retirees. Here's how to deal with the fallout.
More Credit Cards, More Debt: How the World is Following the U.S.’s Lead
When it comes to credit card usage and outstanding credit card balances, the American consumer is undoubtedly still the plastic-swiping king. But it looks like consumers in Russia, Brazil, China, and Poland, among other places, are catching up.
