Conventional wisdom dictates that money should be deposited in a bank rather than under a mattress. Aside from the security motives, the bank typically pays an interest, even if minimal, to depositors. This is all the more reason to store your money at a bank rather than your house. But this classic adage appears to be no longer applicable as the world enters another recession, which is poised to be worse than the 2008 economic crash.

The Saudi Riyal has been pegged to the US Dollar for the past 30 years but this may all soon change as the volatile oil markets will force them to abandon the fixed currency and devalue.

Recognizing the huge untapped potential in their economic cooperation, Russia and Africa have taken steady efforts in raising the level of trade and business promotion over the past few years. Russia is now aiming to increase trade with Africa than before.

The last time a country decided to dump the dollar in the oil business, the US destroyed it. Now India, the world’s third largest economy, and Iran have agreed to settle their outstanding oil dues in rupees. What’s more, the two countries may conduct all future trade in their national currencies.

Why U. S. Federal Reserve increase interest rates? How does the Fed efficiently use financial information? Which effect does it make in the City of London?

Firstly, it is important to introduce the basic definitions and features of the creative economy approach. There is no consensus in literature around the definition of creative economies and creative industries.

The deliberate deception at Volkswagen along with other events such as the insider trading at ImClone Systems and rogue trading at Bearings Bank all demonstrate that employees will break the law in the course of their employment.

African leaders, export trade organizations and corporate businesses have an extraordinary opportunity to design a well-timed strategy to take advantage of the growing market and to boost trade as a way to reverse considerably trade imbalance that has existed from Soviet days between Russia and Africa, both foreign and local experts have suggested.

The newly created Eurasian Economic Union (EEU) has shortly got the momentum as an economic hub for the countries of the region. The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia as its members, whereas; the Organization is a continuation of contemplation for establishing the integration projects by the Belarus, Kazakhstan, and Russia since 2007.

In an oligopoly the way in which firms compete is uncertain. Despite there has been a deep researching in this field of the literature it keeps being complex to analyse it.

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