Al-Jazeera says to cut around 500 jobsQatar's state-funded broadcaster Al-Jazeera announced a fresh round of job cuts with around 500 positions being lost.
ArcelorMittal Temirtau cuts wages by 25%ArcelorMittal Temirtau, a steel giant in Kazakhstan, is cutting wages of all its employees by 25 percent starting from August 1.
Portugal PM announces severe spending cuts Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.
08 April 2013
Developing world's rise heralds global shift: UN The developing world's rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe's wealthiest nations.
$85 billion austerity hit lines up US economy An $85 billion dollar austerity time bomb was to detonate against the US economy Friday, as President Barack Obama blamed a Republican refusal to compromise for a failure to avert "dumb" spending cuts.
02 March 2013
Looming US cuts raise fears for world's poor With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.
27 February 2013
High risks for Obama in new spending fight Barack Obama may have the upper hand against Republicans in a high-risk new spending showdown, but a drawn-out clash would likely damage the economy and put his presidential legacy on the line.