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Government

Theresa May

U.K. unveils new bill that will allow internet surveillance by the government

Britain has unveiled new surveillance law plans that will allow the police and security services to access the records of internet activity of everyone in the country without any judicial check. The new surveillance powers aimed to keep the country safe.

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Piggy banks

Obama's myRA is a retirement savings solution: free, no risk

The U.S. federal government has launched a retirement savings program called myRA. The program was first announced by President Obama in his 2014 State of the Union address.

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Chinese President Xi Jinping

China, Taiwan Presidents to Meet in Singapore, despite growing public opinion backlash

Chinese President Xi Jinping and Taiwanese President Ma Ying-jeou will meet for the first time in Singapore amidst the expected public opinion backlash. Reuters reported that the meeting coincides with Taiwan's growing anti-China sentiments as the presidential and parliamentary elections are nearing this January.

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Internal Revenue Service

U.S. Ranks Third in the Global Tax Havens List

The United States is now third place in the list of top tax havens for foreign companies on the biannual Financial Secrecy Index by the Tax Justice Network, next to Switzerland and Hong Kong.

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Stock Market

Japan final PMI for October is nation's strongest in a year

Japan's Purchasing Managers Index (PMI) has reached it's strongest in a year, with a seasonally adjusted reading of 52.4 for the month of October, as conducted by a business survey from Nikkei last Monday.

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Japan-South Korea relations

South Korea and Japan break diplomatic freeze during trilateral summit

The leaders of South Korea and Japan have finally decided to break their long-standing diplomatic freeze in favor of combining forces to address North Korea's nuclear ambitions.

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Finland

Finland's Kela will provide basic income for working or non-working Finnish

The Finnish Social Institution (Kela) has started to draw up plans to create a basic income model that would provide a guaranteed income for the people whether they work or not.

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Brazil

Brazil evicts families for 2016 Olympic Games; GOC Briefs National Federation Presidents for upcoming games

Housing advocacy groups claim that local governments in Brazil are using the Olympics to defend forced evictions and segregation in Rio de Janeiro. In addition, the Ghana Olympic Committee has held a meeting with National Federation Presidents to prepare towards the2016 Games.

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Shoppers

Retailers: It's a false figure for Japanese consumer spending after price hike

It seems like Japanese retailers are saying not to believe in official statistics on consumer spending as stores cut earnings forecasts and expects a lackluster consumer spending, which is an important factor in the growth of Japan during a time of declining exports and factory output.

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John Boehner (R-OH) (C)

U.S. Congress to push for new debt limit

The US congress is in session to finalize a new budget deal before the current US House Speaker, John Boehner steps down for retirement starting this Friday, October 30th.

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Brazilian flag

Brazil analysts expect faster Inflation, interest rate calls for 2016

Brazil analysts expect faster inflation and lesser cuts in the base interest rate for 2016, as political crisis hinders the moves to strengthen fiscal accounts and avoid another sovereign downgrade to junk.

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Japan

Yen against euro may soar further in price swings

Forecasts about price swings in Yen against the euro are becoming stronger as investors bet that Bank of Japan (BoJ) will also make dovish rhetoric to match European Central Bank (ECB).

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Yuan note

South Korea, China, and Japan to discuss free trade deal at Seoul summit

China, South Korea, and Japan have announced plans to reignite a three-party summit that was halted on 2012 due to lingering animosity towards Japan's part in WWII.

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Swedish child

Sweden to cut spending, borrows more to accommodate overwhelming refugees

With the hordes of refugees crossing its borders, Sweden needs extra $7 billion in 2016 and $8.2 billion every year until 2019 to provide for the needs of the people seeking asylum in the country.

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Kingdom of Saudi Arabia

Saudi Arabia may face cash crunch after 5 years

The indications are strong such that mighty Middle East (ME) region also may not sustain cheaper oil prices for long. If oil price continues to hover at $50 per barrel, the majority of Gulf nations will run out of cash in the next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain. The oil price drop is expected to pull $350bn out of the ME region this year alone. The current account deficit of Saudi Arabia may touch 20 percent of its GDP this year.

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