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White House offers over $300 mn for bankrupt Detroit The White House offered more than $300 million in aid and support to bankrupt Detroit on Friday, as the crumbling, bankrupt Midwestern city struggles to survive.

29 September 2013

US bailout 5 years ago avoided catastrophe: Treasury The US Treasury said Wednesday the government's massive response to the economic crisis five years ago paid off, avoiding a catastrophic breakdown of the financial system.

12 September 2013

Tourism, Portugal's cure for the crisis The famous number 28 tram, winding its way through the narrow streets of the Portuguese capital.

11 September 2013

US Federal Reserve faces changeover in midstream There's never a good time to change the head of the US central bank, according to Ethan Harris, who wrote "Ben Bernanke's Fed" about the chairman of the Federal Reserve.

08 September 2013

Kazakhstan to offer its anti-crisis recommendations at G20 Kazakhstan plans to discuss economic cooperation and offer recommendations on overcoming of the economic crisis at the G20 Summit in Saint-Petersburg.

05 September 2013

Chaos as huge fire guts Nairobi airport A devastating fire shut down Nairobi's international airport for much of Wednesday in a "major crisis" that forced the cancellation or diversion of scores of flights at east Africa's biggest transport hub.

08 August 2013

US, EU spearhead fresh drive to defuse Egypt crisis A fresh round of intense diplomatic efforts was underway in Egypt to broker a peaceful end to the crisis sparked by the military's overthrow of Islamist president Mohamed Morsi.

06 August 2013

EU's Ashton visit ends, but Egypt crisis persists EU foreign policy chief Catherine Ashton left Egypt Tuesday after a mediation trip that included talks with the ousted president, but the country's crisis appeared no closer to a resolution.

31 July 2013

Ban warns Egyptian leaders over demonstration deaths UN leader Ban Ki-moon warned Egypt's interim leadership on Sunday that every death in demonstrations is making it harder to drag the country out of its crisis.

29 July 2013

EU leaders meet as doubts grow over future EU leaders meet this week knowing they have to deliver growth and jobs, especially for the young, as years of debt crisis austerity and soaring dole queues test faith in the European project.

25 June 2013

Greece faces general strike amid fury over state TV closure Greek unions plan a 24-hour general strike Thursday, amid a storm of protest over the government's decision to shut down public broadcaster ERT as part of sweeping cost-cutting measures.

13 June 2013

Candidates blame mismanagement for Iran economy crisis Mahmoud Ahmadinejad's "mismanagement" is largely responsible for Iran's severe economic crisis, most candidates for this week's presidential election have argued.

11 June 2013

Tod's shoes turns from Italy to beat crisis Custom-made shoe moulds hanging in a sun-filled workshop are the secret behind the success of luxury Italian shoemaker Tod's, which is flourishing despite a recession-hit economy.

11 June 2013

Portugal 'should leave euro': best-selling economist A Portuguese economist, whose book "Why We Should Leave the Euro" has become a rapid best-seller, says it is only a matter of time until his crisis-wracked country leaves the troubled currency.

04 June 2013

Brussels expected to up pressure for economic reform The European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.

28 May 2013

Kazakhstan President expects rapture of local financial systems The global economic crisis is nearing a new phase: Nazarbayev.

23 May 2013

Nazarbayev warns of global social crisis Kazakhstan President Nursultan Nazarbayev sees signs of the global social crisis.

23 May 2013

Lesbian kiss and Greek crisis in this year's Eurovision A song inspired by the Greek debt crisis, a gay marriage anthem and a male opera singer on Thursday made it through to this weekend's Eurovision Song Contest final.

17 May 2013

May Day protests against austerity, 'slave labour' Tens of thousands of angry protesters staged May Day rallies in several countries of the crisis-wracked eurozone Wednesday, as fury erupted at demonstrations in Bangladesh after a deadly building collapse.

02 May 2013

Vatican urges dialogue in crisis-hit Venezuela The Roman Catholic Church weighed in Sunday on Venezuela's political crisis, with Pope Francis expressing deep concern and calling for dialogue in the wake of a disputed presidential election.

22 April 2013

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