Best Buy withdraws from Europe US electronic goods retail giant Best Buy confirmed Tuesday it was withdrawing from Europe, selling its stake in its joint venture launched with Carphone Warehouse Group.
30 April 2013
Merkel lambasted by France despite her softer tone An attack by French Socialists on Angela Merkel's drive for belt-tightening coincides with concessions by the German chancellor on austerity, but five months from elections she is loathe to trumpet her flexibility.
30 April 2013
New Italy PM to unveil programme for change Italy's new Prime Minister Enrico Letta was set to unveil his coalition government's programme on Monday, under the watchful gaze of international markets and European partners.
30 April 2013
French ministers warn against picking fight with Germany Senior French ministers warned Monday against picking a fight with Germany after the ruling Socialists accused Chancellor Angela Merkel of being "selfish" in her drive for eurozone austerity.
29 April 2013
Archbishop says OK with irking British PM on economy Archbishop of Canterbury Justin Welby accepted in an interview aired Saturday that he had probably ruffled the British government's feathers with his comments on the bleak state of the economy.
28 April 2013
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.
27 April 2013
Spanish government in new bid to revive economy Spain's government, seeking to cut its deficit amidst a double-dip recession, is to unveil new measures Friday aimed at reviving the economy, a day after registering record unemployment.
26 April 2013
Putin urges cooperation with US, defends handling of economy Vladimir Putin called for greater anti-terror cooperation with the US and defended his economic policies against a background of rising discontent, in the first nationwide phone-in of his new Kremlin term.
26 April 2013
Moderate leftist Letta nominated to lead Italy An Italian leftist politician, Enrico Letta, was nominated to be the new prime minister on Wednesday, bringing to an end a bitter two-month deadlock on forming a new government.
Hollande leaves domestic woes behind for sales trip to China French President Francois Hollande, accompanied by a high-powered business delegation, starts a two-day visit to China Thursday, with trade rather than geopolitics at the top of the agenda.
24 April 2013
OECD backs Japan deflation fight, says must cut debt The Organisation for Economic Co-operation and Development on Tuesday backed Japan's bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile.
Swiss watchmakers keep wary eye on ChinaThe world's biggest watch fair is set to open this week in Basel amid growing uncertainty over whether the industry can keep up its momentum and rake in another year of record sales in China.
23 April 2013
Kaesong closure hits South Korean deals The closure of the Kaesong joint-industrial zone has begun to hit deals between South Korean manufacturers and foreign buyers.
20 April 2013
G20 pledge 'ambitious' steps to spur growth, jobs The Group of 20 economic powers pledged "ambitious" steps Friday to spur growth and job creation to get the crisis-scarred global economy back on track.
20 April 2013
India reaches 'broad consensus' on land acquisition bill India's main political parties have struck a "broad consensus" on a contentious land acquisition bill to better reward landowners whose property is bought for industrial development.
20 April 2013
Weak global economy key worry as IMF, World Bank meet Advanced and developing countries alike voiced worries over fragile global growth, eurozone stagnation and the swamp of excess monetary liquidity as the IMF and World Bank spring meetings kicked off.
19 April 2013
NGO slams IMF's 'double standard' on austerity Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.
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