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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.

29 October 2013

Sandy clean-up 'enormous' one year on A year after Hurricane Sandy, the United States still faces an enormous task to repair $60 billion worth of damage and improve resiliency before the next cyclone.

27 October 2013

Australia inflation jumps, dashes rate cut hopes Australian inflation rose by a stronger-than-expected 1.2 percent in the July-September period compared to the previous quarter.

23 October 2013

Future of inefficient Kazakhstan's free economic zones to be decided The future of the ineffective free economic zones in Kazakhstan will be decided on by the year end.

22 October 2013

Famous American economist Jeremy Rifkin to hold master-class in Astana Jeremy Rifkin, a famous American economist, will hold a master-class in Astana next week.

18 October 2013

Japan gives muted welcome to US debt fix Japan's finance minister on Friday gave a muted welcome to the US debt deal, but hinted at the need for a more permanent solution to the warring in Washington.

18 October 2013

Congress pulls US back from brink, averts default The United States was spared the ignominy of a disastrous debt default Wednesday when Congress passed a bill extending the nation's borrowing authority and ending a two-week government shutdown.

17 October 2013

Political chaos pushes US up against debt deadline A day of political disarray Tuesday pushed America to within hours of a debt default deadline, but two veteran senators chased a last-gasp deal to stave off a sudden shock to the global economy.

16 October 2013

Conflicts, energy top agenda as Hollande visits S.Africa French leader Francois Hollande arrived in South Africa Monday for a two-day state visit in which he is set to push for greater cooperation on African crises with the continental powerhouse.

15 October 2013

Britain to ease China visa restrictions Britain is to make it easier for Chinese nationals to obtain visas in an effort to boost business between the two countries.

14 October 2013

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.

13 October 2013

US to reopen Statue of Liberty, Grand Canyon US national parks and monuments including the Statue of Liberty and the Grand Canyon are to reopen despite the federal shutdown, after states agreed to fund them temporarily.

13 October 2013

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.

12 October 2013

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.

10 October 2013

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

'Pitiful' US infighting threatens world: Chinese media Chinese state media hit out at US lawmakers Thursday, a week ahead of a potential US default, urging them to "stop manufacturing crises" that threaten the global economy.

10 October 2013

Obama's 'missed opportunity' as China flexes muscles Most Asia-Pacific leaders, themselves blooded in political trench warfare, sympathise with US President Barack Obama's unwillingness to desert his Washington fox-hole.

09 October 2013

World fears US default, Obama warns President Barack Obama warned Tuesday that world leaders were nervous Republicans would "blow up" the US economy, and vowed not to budge on his demand for the debt ceiling to be lifted without conditions.

09 October 2013

Default fears fuel angst in shutdown Washington The "unthinkable" threat of a US default weighed on Washington Monday, as a standoff over raising the government debt ceiling drowned out angst over a week-long government shutdown.

08 October 2013

Palestinian GDP can expand by a third if Israel lifts limits: World Bank The Palestinian economy could expand by over a third if Israel were to lift its restrictions on about 60 percent of the West Bank that it controls.

08 October 2013

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