China announced the creation of an oil futures contract that will be denominated in Yuan and convertible into gold.
The U.S. presence in the Middle East, which for years provided some control over one of the world's most volatile regions, appears to have dissolved into chaos.
More than 300,000 migrants have risked their lives trying to cross the Mediterranean to Europe so far this year, according to the UN. This compares with 219,000 for the whole of 2014.
Like many of the important discussions in the economic world today, the negotiations between Greece and its European creditors has become increasingly absurd.
On Thursday, January 15th, the Swiss National Bank (SNB) discontinued its three year effort to maintain its minimum currency floor of the Swiss franc.
The military actions that the UK has committed herself to conduct will have a low probability of achieving the stated objective of "degrading and destroying" ISIL.