World Bank to cut costs, bureaucracy: Kim
World Bank President Jim Yong Kim on Friday announced a program to slash costs and reduce bureaucracy at the huge development organization that is expected to result in significant layoffs.
IMF gold sales to fund lending to poor countries
The International Monetary Fund announced Thursday it has harnessed windfall gold profits from member countries to fund loans to the world's poorest countries in the coming years.
12 October 2013
More problems hit JAL Dreamliners: company
A fresh series of troubles has hit Japan Airlines 787 Dreamliners, with two Tokyo-bound flights forced to turn around and another plane experiencing a minor glitch.
Dubai property bounces but stirs fears of new bubble
Dubai's property sector is making a strong comeback five years after prices in the emirate nosedived, but a surge in demand and bouncing prices have triggered calls to remember the crisis.
10 October 2013
Struggling Alitalia in last-gasp bid for survival
Five years after a botched rescue, Italy's troubled carrier Alitalia gasped for survival on Tuesday buried by a mountain of debt, unpaid gas bills and only the slimmest of options.
09 October 2013
Panasonic to exit plasma TV display business: report
Panasonic will stop making plasma television screens by early next year, a report said Wednesday, as the struggling electronics giant undergoes a huge corporate overhaul.
Niger to 'review' Areva uranium contractsNiger, one of the world's top sources of uranium, will review its dealings with French firm Areva, which has been mining there for nearly 50 years.
07 October 2013
Crude production resumed at Kashagan oilfield“October 6, upon completion of all the repairs, the wells at the oilfield have been restarted (…) production was resumed with no complications”, according to the country’s Oil and Gas Ministry.
07 October 2013
Myanmar unrest raises stakes for growing tourist industryRecent anti-Muslim bloodshed close to Myanmar's most popular tourist beach raises the stakes for an industry dependent on the former pariah state's fluid transition to democracy.
07 October 2013
Shutdown forces EU, US to cancel trade deal talksThe second round of scheduled talks between top European Union and American officials to clinch the world's largest trade deal have been cancelled because of the US government shutdown.
05 October 2013
Japan's Aso warns of 'consequences' of US debt defaultJapanese Finance Minister Taro Aso on Friday urged the United States to resolve political gridlock in Washington, warning of grim "consequences" for the global economy if it leads to a debt default.
05 October 2013
Twitter wants to fly with billion-dollar IPOTwitter on Thursday unveiled plans to pump up the globally popular one-to-many messaging service with a $1 billion stock market debut.