Oil-rich Kuwait warns welfare state unsustainable
Oil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.
US lawmakers split despite October 17 debt deadline
The United States is still facing a potentially devastating sovereign debt default, after senators failed to agree on terms to reopen the federal government and raise the country's borrowing limit.
G20 seeks 'urgent action' from US on budget impasse
Finance chiefs of the G20 on Friday called for Washington to quickly resolve the political paralysis over its budget and debt ceiling.
US political deadlock threatens world economy: OECD
Failure to raise the US borrowing ceiling due to political deadlock could force most of the leading industrial democracies into recession.
US military braces for full effect of shutdown
The US government shutdown had no drastic effect on the military Tuesday but if it remains in place everything from ship repairs to combat training will be disrupted.
US economy faces hefty hit if government shuts down
A US government shutdown would hit an economy struggling to sustain its post-crisis rebound, but experts say the impact will only be substantial if Washington's political paralysis lasts several weeks.
Obama addresses troops on shutdown impact
US President Barack Obama told US troops in a video message early Tuesday that they would still get paid on time, despite a government shutdown.
Deadline missed, US slides into government shutdown
The US lurched into a dreaded government shutdown for the first time in 17 years, triggering agency closures and hundreds of thousands of furloughs as Congress missed a deadline to pass a budget.
Spain to stick to austerity path in 2014 budget
Spain will stick to its path of austerity in 2014 with the government due to approve its draft budget for the year on Friday, subjecting pensioners and public workers to more cutbacks despite a slowly improving economy.
Kazakhstan Foreign Ministry to spend $20 million on foreign trips in 2014
The draft Kazakhstan state budget for 2014-2016 has been submitted to the Majilis (Lower Chamber of the Kazakhstan Parliament).
Media calculates Winter Olympics cost for Almaty
Kazakhstan's expenses on hosing the 2022 Winter Olympics in Almaty are expected to exceed $5 billion.
US Navy will have fewer reinforcements in a crisis
The US military has fewer ships to send as reinforcements in a crisis because of budget cuts that have slashed funds for maintenance and training.
Almaty leads by budget incomes in 2013
The average budget income per one Almaty citizen has made 730 thousand tenge ($4,900) in 2013.
Cancer researchers warn US budget cuts block advances
Cancer researchers warned Friday that federal budget cuts enacted by the US Congress could block key advances in the fight against deadly disease.
'Furlough Friday' hits US federal employees
The first day of US government furloughs imposed by a budget crunch saw more than 100,000 federal workers ordered to stay home Friday.
Spain begs time to fix finances, eyes growth
Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.
S. Korea proposes $17.3 bn extra budget for 2013
South Korea proposed Tuesday a 17.3 trillion won ($15.4 billion) supplementary budget to help boost the economy, including further spending on defence at a time of heightened tensions with the North.
US budget cuts could delay Bin Laden kin's trial
The highly anticipated New York trial of Osama bin Laden's son-in-law could be delayed because his court-appointed lawyers have been hit by US budget cuts.
Blow for Hollande as ex-minister charged in tax fraud probe
France's ex-budget minister Jerome Cahuzac was charged Tuesday in a tax fraud probe after he admitted having a foreign bank account, dealing a fresh blow to President Francois Hollande's embattled government.
10 billion tenge to be allocated for second phase of Almaty subway
Kazakhstan Minister of Transport and Communications told about the plans for development of Almaty's infrastructure.
