Canada’s largest Protestant church has defended it decision to boycott goods produced in the Israeli settlements located within the occupied Palestinian territories, Press TV reports. “The majority of people clearly wanted to send some kind of message that the increased settlements on the (Palestinian) occupied territories are a serious impediment to the peace process. And, part of it is because... 

Igor Panarin, dean of the Russian Foreign Ministry School for future diplomats, believes that President Obama will announce martial law by the end of 2012. He explains: “There’s a 55-45% chance right now that disintegration will occur.” In 2009, Panarin lectured at the Diplomatic Academy where he stated that he believes that the US will begin to collapse in 2010. He compared America to Nazi... 

Job seekers wait in line at a French job center in Paris The number of registered job applicants in France has hit the sharpest monthly rise in three years and rose to 2.99 million people in July as the country’s unemployment line continues to increase. The French labor ministry announced on Monday that the number of registered job seekers rose by 41,300 people from the previous month of June, AFP... 

While economists, government officials, and mainstream media experts argue about whether a recovery is finally taking hold, the evidence on the ground provides a clear insight about where the country is headed. A nationwide Gallup survey involving 177,000 U.S. adults proves what many contrarians have been screaming for some time: For most Americans there is no recovery. After having lost 40% of their... 

Argentina says it will file a complaint with the World Trade Organization against the United States as the protectionism dispute between the two business partners escalates, Press TV reports. Argentine Foreign Ministry said in a statement on Tuesday that the South American country will lodge a complaint with the Geneva-based organization over US “illegal” import policies. Argentina says it has... 

New Zealanders are moving to Australia in their tens of thousands. Australia is facing a flood of economic refugees. But the big numbers aren’t from the north, they are from the across the Tasman, where Statistics New Zealand yesterday announced the biggest exodus to Australia on record. An extraordinary 53,900 New Zealanders moved to Australia in the year to July – around the entire population... 

Several major financial institutions under inquiry in the Libor case are going to push for introducing account fees for their customers. They blame ‘free’ accounts as one of the reasons behind interest rate rigging. The major banks including Britain’s Barclays and Spain’s Santander are expected to argue in favor of introducing account fees at a meeting of the UK Parliamentary Commission... 

The United States might officially be the worst neighbor on Earth: the US now owes its allies $5.2923 trillion, the most money the country has ever been indebted to its foreign friends in the history of the nation. Statistics released this week by the US Treasury indicate that, as of June 2012, the United States has borrowed bucks from most of the world’s major countries and has accumulated a debt... 

Austria’s Foreign Minister Michael Spindelegger Austria’s foreign minister has called on the eurozone countries to create an exit mechanism, which would allow that the failing member states be expelled from the single-currency bloc. “We need to create ways to be able to eject someone from the eurozone,” AFP quoted Michael Spindelegger, who is also the country’s deputy chancellor,... 

Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts. The warning, stemming from a recent federal appeals court ruling surrounding... 

Saudi Arabia is to build a new city exclusively for women. The Gulf kingdom is working on the narrow junction between strict Sharia law and the aspirations of active females who wish to pursue their own careers. ­The new plan is to combine women’s desire to work in the modern age and provide a job environment that would go hand-in-hand with the country’s Sharia law. The Saudi Industrial Property... 

“German” Minister of Economy Philipp Roesler has expressed disillusionment with debt-ridden Greece’s endeavors to implement reforms to save its economy. “I’ve lost my illusions,” Roesler told the weekly magazine Focus in an interview to be printed on Monday. “I proposed with German businesses a whole series of support measures for the Greek government,” he said. “The... 

Jobless Greeks line up outside an unemployment bureau in Athens Unemployment rate in crisis-struck Greece hit an all-time high of 23.1 percent in May as the country struggles through a fifth year in recession, says the national statistics agency. New data, released by Elstat on Thursday, showed that 1.15 million people were out of work in Greece, compared with 3.82 million, who had jobs. The jobless... 

Observers are talking about the changes in the political and economic course of the DPRK. The new leader removed military from the country’s leadership and is trying to unleash the reserved officials. Innovation trickled to the cultural life of the country as well. Frivolous to the North Korean standards concerts are now held in Pyongyang and the newspapers added secular news. Kim Jong Un, the... 

The West is mercilessly criticizing the Argentine government for a policy of debt reduction, maintaining of solvency and promotion of local producers. All this is because the country did not resort to the loaded assistance by the IMF or World Bank. Now many Argentines believe that the events of 2001 are being repeated, but the situation is still far from the dead end like in Europe. Argentine President...