Foreign buyers descend on Sicily for bargain property
Foreign buyers are swooping on deserted villages in Sicily to snap up homes for as little as 10,000 euros ($13,000), propping up a property market in freefall as Italy suffers its longest-ever recession.
21 May 2013
China 'will not accept' carbon tax on EU flights: report
China will not pay for CO2 emissions by its airlines on flights within Europe, a top civil aviation official reportedly said after the European Commission warned eight Chinese firms face fines for nonpayment.
Japan economy grows again, points to recovery
Japan said Thursday that its economy grew again in the quarter to March, pointing to a recovery as Tokyo and its hand-picked central bank team set about stoking the world's third-largest economy.
New Zealand's Mighty River in strong stock market debut
Shares in hydro-electric generator Mighty River Power debuted on the New Zealand stock exchange at NZ$2.73 ($2.29) Friday, a 9.2 percent premium on the NZ$2.50 initial public offer (IPO) price.
US billionaire Warren Buffett optimistic on stocks
Billionaire Warren Buffett is praising the policies of both President Barack Obama and his predecessor George W. Bush for moving the US economy in the right direction.
06 May 2013
Australia halts cattle exports to Egypt
Australian cattle exporters said they had suspended live shipments to Egypt Saturday after abattoir footage shot by animal rights activists showed "horrific" mistreatment of cows.
Penfolds pops cork on 'perfect' 2008 Grange
Nestled in Australia's Adelaide hills, Penfolds Magill Estate has opened its double cellar doors to launch global sales of one of the most hyped "new world" wines in recent history.
04 May 2013
Oil takes breather in Asia after strong rally
Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.
German unemployment up slightly in April
Unemployment in Germany rose in April as companies become more cautious about hiring in face of the slowing economy, but the labour market nevertheless remains robust.