Boston, Calgary, Perth and Macau – all associated with material wealth – have failed to make this list of the 15 richest cities in the world, compiled by market research firm New World Wealth. The data gathered by the researchers reflects the total amount of private wealth held by all the individuals living in each of the cities on the list. Unlike traditional ratings, this top 15 is not based... 

Mass anti-government protests organized by the civic platform Dignity and Truth (DA), began in the Moldovan capital of Chisinau Sunday. Since September 5, protesters in Chisinau have been demanding the resignation of the Moldovan government and the chief prosecutor, while also calling for early parliamentary elections and a prompt action to tackle corruption in the country. “Today we are going... 

The US economy shrank at a much faster pace in the first quarter of 2014 than previously estimated, marking its worst performances since 2009. The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, instead of the 1.0 percent rate it had reported last month. Most economists had expected the revision to show the economy shrinking at a rate of only 1.7 percent.... 

A new study has found that China is rapidly moving ahead to overtake the United States as the world’s largest economy as soon as this year. The new finding by the International Comparison Program (ICP), which involves the World Bank and United Nations, said on Wednesday that China in 2011 closely followed the US that has been dominating the world economy for over a century. “The size of the Chinese... 

An Italian man reads job offers outside a recruitment agency in the city of Milan. Southern Italy has lost 600,000 jobs over the past six years and the area has lost some 43.7 billion euros of its gross domestic product (GDP) during the economic crisis, a report shows. The data was released on Friday by the country’s industrial employers’ association Confindustria. The association also said that... 

Britain’s Chancellor of the Exchequer George Osborne says the country’s gross domestic product (GDP) fell by 7.2 percent from 2008 to 2009, adding that the drop wiped £112 billion off the UK’s economy. Making his Autumn Statement before lawmakers at the House of Commons, Osborne stressed that the country could not stop fighting for its recovery as a reassessment by the Office for National Statistics... 

Italy’s economy has entered its third year of recession after its gross domestic product (GDP) continued to contract in the third quarter of this year, official data shows. The national statistics office, Istat, reported on Thursday that Italy’s GDP shrank by 0.1 percent in the July-to-September period, marking the ninth quarterly contraction in a row. Furthermore, the figures showed that on an... 

Newly-released figures show that Italy’s economy is expected to shrink more than expected in 2013, continuing the country’s longest recession since the World War II. A report by Italy’s National Institute for Statistics (Istat) said on Monday that the country’s gross domestic product (GDP) will contract by 1.8 percent compared to a previous estimate of 1.7 percent contraction. Istat... 

A Siemens worker in Germany works on a turbine. Leading economic think tanks have slashed this year’s annual growth forecast for Germany by half, as uncertainty in the eurozone continues. On Thursday, the Munich-based Ifo together with Berlin-based DIW, Halle-based IW, and Essen-based RWI economic research institutes estimated that Germany’s gross domestic product (GDP) would grow by 0.4... 

From Mexico to Qatar, obesity rates are soaring to unprecedented levels. The alarming trend is damaging economic performance, as well as the health of millions of consumers worldwide. Take our increasingly sedentary lifestyles, mix in a generous portion of American fast-food and dubious agricultural practices, add a dash of corporate duplicity and you have a recipe for high obesity rates across the... 

Italy’s economy shrinks more than previously estimated in the first quarter of 2013. Italy’s economy has contracted more than initially estimated in the first quarter of 2013, marking the seventh quarterly contraction in a row, the country’s statistical agency says. Figures from the national statistical agency, Istat, showed on Monday that Italy’s gross domestic product (GDP) shrank by...