'Dysfunction' in Congress puts US at risk: Panetta
Chronic deadlock in Congress threatens to derail the US economy, damage national security and undermine public trust in its leaders.
Kazakhstan government mulls reducing gap between rich and poor
The gap is big: a small group of very rich people, a small group of poor people and a very weak middle class: Vice-PM.
Irish lawmakers vote to liquidate Anglo Irish Bank
Irish lawmakers voted through emergency legislation to liquidate the former Anglo Irish bank early Thursday, as part of a deal to ease the eurozone country's massive debt burden.
Argentine supermarkets freeze prices after IMF censure
Supermarket chains in Argentina agreed to freeze their prices for 60 days in an attempt to rein in inflation.
S&P faces US govt suit over mortgage bond ratings
The US government plans to sue Standard & Poor's over its rating of mortgage bonds at the heart of the 2008 financial crisis.
Spanish registered unemployed rises to 4.98 mn in January
The number of Spaniards officially registered as unemployed rose to 4.98 million in January, according to Labour Ministry data released Monday, as the country's recession deepened.
Schmidt book labels China online menace: report
The Wall Street Journal reported Friday that in his coming book, Google chairman Eric Schmidt brands China an Internet menace that sanctions cyber crime for economic and political gain.
Pfizer unit Zoetis makes strong market debut
Zoetis, pharmaceutical giant Pfizer's animal-health division, made a dramatic debut on Wall Street Friday as the biggest initial public offering since Facebook.
US dodges Super Bowl chicken wing shortage
In the run-up to Super Bowl Sunday, millions of American football fans can rest assured: there is no looming shortage of their beloved chicken wings.
China steel industry says profits plunge
The combined profits of China's major steelmakers crashed by more than 98 percent in 2012 as growth in the economy of the world's largest steel producer slowed.
Europe will get its money back says Bank of Greece
Greece will pay back the billions of euros of European aid it has received to fight its debt crisis, the head of the country's central bank told Germany's Sueddeutsche Zeitung.
Zimbabwe has $217 in the bank: Finance Minister
After paying public workers' salaries last week, the balance in cash-strapped Zimbabwe's government public account stood at just $217.
LatAm leaders open summit, noting Chavez's absence
After wrapping up talks with their European counterparts, Latin American leaders on Sunday opened their own summit here, with the event notable for the absence of Venezuelan President Hugo Chavez.
British PM reaches out to Europe at Davos
British Prime Minister David Cameron insisted he was not turning his back on Europe as he came face to face with world leaders for the first time since unveiling plans for an EU referendum.
Latin America, Europe open summit to boost trade
Latin American and European leaders open a two-day summit here Saturday to give a fresh impetus to efforts to seal a free trade agreement between their two blocs.
Global elite to confront British PM on EU plan
British Prime Minister David Cameron faces a frosty reception from the global elite at the annual Davos meeting on Thursday after his vow to hold a referendum on Britain's membership of the EU.
World elite gathers in Davos amid cautious optimism
The world's political and business elite gather in the snow-covered resort of Davos from Wednesday, aiming to instil some confidence in the global economy amid tentative signs of recovery.
Sao Paulo begins mandatory detention of crack addicts
Brazil's economic capital Sao Paulo on Monday began mandatory detention of drug addicts for rehab, authorities said, amid rising worries over an epidemic of crack cocaine use.
Turkey ready to take mutual trade with Kazakhstan to $10 billion
Nursultan Nazarbayev met with Rifat Hisarcklolu, president of Turkish Union of Chambers and Commodity Exchanges.
BoJ starts first meeting under new Japan government
The Bank of Japan on Monday began its first policy meeting since the new premier took office with a pledge to pressure it into aggressive monetary easing to revive the long-suffering economy.
