With back against wall, Portugal pushes on with austerity
Despite the risk of aggravating the recession and unemployment, Portugal's government is wagering that following the austerity prescribed by its creditors will help it regain market confidence and avoid a second bailout.
10 April 2013 17:30
Austerity putting children at risk: UN
The UN warned Wednesday that austerity measures are hitting children hard, as it published a ranking of kids' well-being in rich countries topped by northern European countries and showing Britain climbing out of the bottom tier.
Asian economies to rebound but recovery fragile: ADB
The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia.
Swiss banks eager to root out undeclared funds: experts
Amid a massive scandal involving France's former budget minister and an undeclared Swiss bank account, Swiss banks are more eager than ever to kick out tax cheats and clear their names.
09 April 2013 13:20
GM Holden cuts 500 jobs in Australia
Car manufacturer GM Holden announced Monday 500 jobs will be axed from plants in Australia, blaming the strength of the local dollar for squeezing sales.
09 April 2013 10:01
Huawei looks to win back faith of United States
Chinese tech giant Huawei said Monday that it hoped to "solve the challenges and problems" it has in the United States after Washington labelled it a security threat last year.
08 April 2013 13:09
Portugal PM announces severe spending cuts
Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.
08 April 2013 11:18
KEGOC plans to earn $53 million in 2013
This year we expect to receive over 8 billion tenge in net profit: KEGOC chairman. He believe his company independent from the market.
08 April 2013 10:47
Sudan says S. Sudan oil exports to resume by end May
South Sudanese oil will be shipped again from Sudan by the end of May, official media said on Saturday, after a shutdown of more than a year which cost both impoverished nations billions of dollars.
07 April 2013 14:46
Britain brings in ban on 'rip-off' surcharges
A ban on "rip-off" surcharges imposed on credit card spending came into force in Britain on Saturday, meaning traders must ensure that the extra fees reflect genuine processing costs.
06 April 2013 20:10
Toyota pays $16 million to settle US acceleration suit
Toyota has agreed to a $16 million deal with a southern Californian county over charges the Japanese auto giant hid safety issues linked to unintended acceleration of cars.