In an impassioned speech, the un-resigned UKIP leader Nigel Farage told Greek Prime Minister Alexis Tsipras to take "courage" and quit the euro after the latest emergency bailout talks broke down. Farage said it was time to “get back control of your country,” adding the banks would “give you no more.” [...]

A massive march took place in the streets of Kiev to protest against the policies of the current Ukrainian government, calling for its resignation and economic reforms. According to TASS news agency, up to 3,000 people took to the streets in Kiev on Saturday to protest against lack of reform and economic instability. [...]

After it was revealed that Bill and Hillary Clinton have earned $30 million in the last 16 months, the House Oversight panel backed a measure that would limit taxpayer dollars on expenses incurred by ex-presidents earning more than $400,000 a year. The measure, passed by a voice vote, would set presidential pensions at $200,000 a year, with another $200,000 set aside for office space and other [...]

The UK'S richest 20 percent have more than one hundred times the wealth of the poorest 20 percent, with the combined household wealth of £9.1 trillion remaining for the most part in the hands of the elite. New analysis from Lloyds Bank Private Banking revealed that if the combined household wealth was evenly distributed, each family in Britain would have an annual income of £326,414. [...]

Hundreds of political activists will gather in London on Saturday to protest a controversial EU-US trade agreement campaigners warn will enhance corporate power, and promote the privatization of vital public services. The trade deal, known as the Transatlantic Trade and Investment Partnership (TTIP), is currently being negotiated behind closed doors in Brussels. It has been the subject of heate [...]

The US may no longer be in control of the global economy, warned former Treasury Secretary Lawrence Summers, urging Washington to regain dominance by honoring commitments and stopping its own hypocrisy. China’s establishment of the Asian Infrastructure Investment Bank (AIIB), and Washington’s failure to stop its traditional allies from joining, was a development without precedent since the [...]

The Obama administration claimed an unmatched commitment to government transparency this week, even as it denied or delayed more requests for public information than ever, and claimed exemption from freedom of information laws. After announcing that its Office of Administration would no longer be subject to the Freedom of Information Act (FOIA) on the National Freedom of Information Day, the Wh [...]

The Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions. Before, the bank propped up the ruble when the exchange rate against the euro and dollar exceeded its boundaries. "Instead, we will intervene in the currency market at whichever moment and amount needed to decrease the speculative demand,” the bank’s [...]

Russian Prime Minister Dmitry Medvedev has said the state-owned oil giant Rosneft could receive more than $40 billion in financial aid from the Russian government. The country’s largest crude producer may receive up to $40.6 billion (1.5 trillion rubles) in assistance from Russia’s National Welfare Fund. [...]

The International Monetary Fund has given a green light for Ukraine to receive the second tranche of financial assistance totalling $1.39 billion, meaning more austerity measures for the already struggling economy. “The Executive Board of the International Monetary Fund (IMF) today completed the first review of Ukraine’s performance under an economic program supported by a Stand-By Arrangem [...]

Air travel in the US is set to become more expensive beginning next week - but airline profits and jet fuel costs aren't to blame this time. Instead, the price hike will come as a result of a TSA fee increase. The Transportation Security Administration’s fee – known as the ‘Civil Aviation Security’ or the ‘9/11 Security’ fee – helps fund the agency. [...]

Total US debt soars to nearly $60 trn, foreshadows new recession! The Federal Reserve Bank of St. Louis released the current data for the total debt in the United States Economy on June 5, 2014 — All Sectors; Credit Market Instruments; Liability, Level (TCMDO). While people, companies, and governments blamed bad weather for a dismal showing in economic activity, it appears they had little troubl [...]

The United States government is investing tens of millions of dollars each year on offensive hacking operations in order to exploit vulnerabilities in the computers of its adversaries, Reuters reports. According to an in-depth article published Friday by journalist Joseph Menn, the US and its Department of Defense contractors are increasingly pursuing efforts to hack the computers of foreign compe [...]

€‹European lawmakers are calling into question the ability of the Troika to effectively deal with the crisis, and many are attacking its methods. An investigation report due in April will look at the handling of the Greek sovereign debt debacle. [...]

The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an "€œempty treasury"€, reduction of payments might take place in March. [...]

Russia continues its gold buying spree, adding 0.3 tonnes to its 996.4 tonne stockpile, marking a nine month increase, according to the IMF’s June statistics report. [...]

Federal whistleblowers have alerted the White House to what they say is a “gross waste of government funds” by Department of Homeland Security agents, the likes of which has cost the United States approximately $8.7 million a year. The US Office of Special Counsel sent a report to President Barack Obama on Thursday, [...]

The US government spending crisis has caused visible pain for research and innovation in America. Already this year, billions of dollars in federal cuts due to sequestration has affected federal grants for scientific research. But this problem is only the tip of a much bigger problem facing the redundant superpower. [...]

As the US government went back to work for its first fully operational day in over two weeks, President Barack Obama addressed the nation Thursday morning from the White House, chastising Republican lawmakers who led the country so close to default. Hours after authorizing a deal that allowed the US government to open back up for business, [...]