Thai 'transgender airline' grounded over finances
Months after taking to the skies with Thailand's first transsexual air crew, fledgling carrier PC Air has suspended services over financial troubles that left passengers stranded in South Korea.
Earnings reality sinks US investor hopes
A reality blast of disappointing earnings from a clutch of US business heavyweights wiped out midweek gains Friday as US markets suffered another poor week.
20 October 2012
Eurozone leaders see 'good progress' in Greece: statement
Eurozone leaders on Friday hailed Greece's achievements in carrying out reforms aimed at getting its economy back on track and urged Athens to keep up efforts to stay in the eurozone.
20 October 2012
Libya economy boosted by oil pending reconstruction
Libya's economy has made a swift recovery after the 2011 conflict, with oil production returning to near normal levels: but insecurity is holding up reconstruction and keeping foreign companies at bay.
Political standoff has US on path to 'fiscal cliff'
As the US candidates battle it out in the final weeks of the campaign another showdown looms, with the world's largest economy coasting towards a potentially disastrous "fiscal cliff."
As euro-tension eases, EU summit mulls eurozone redesign
EU leaders will go into a brainstorming session Thursday in the first of three summits being held before Christmas in the hope of ending the year with a deal on a stronger economic and monetary union.
Gastronomy nourishes Spain's gourmet city
Ham with brie, wild mushroom croquettes, cured-meat ravioli: gourmet cooking has put this Basque town on the gastronomic map, drawing visitors from around the world.
World economy needs action from China, EU: Geithner
US Treasury Secretary Timothy Geithner said Saturday the global economy was on the mend, but more needed to be done to stoke domestic demand in China and fix Europe's fiscal woes.