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Political standoff has US on path to 'fiscal cliff' As the US candidates battle it out in the final weeks of the campaign another showdown looms, with the world's largest economy coasting towards a potentially disastrous "fiscal cliff."

19 October 2012

As euro-tension eases, EU summit mulls eurozone redesign EU leaders will go into a brainstorming session Thursday in the first of three summits being held before Christmas in the hope of ending the year with a deal on a stronger economic and monetary union.

18 October 2012

US charges Iran with 'economic mismanagement' The US on Monday accused Iran of extreme economic mismanagement as biting sanctions wreak havoc on the Iranian economy, and the European Union agreed a new slew of moves against the regime.

16 October 2012

Gastronomy nourishes Spain's gourmet city Ham with brie, wild mushroom croquettes, cured-meat ravioli: gourmet cooking has put this Basque town on the gastronomic map, drawing visitors from around the world.

16 October 2012

Nobel season wraps up with economics prize This year's Nobel season wraps up on Monday with the announcement in Stockholm of the economics prize, which US researchers are once again tipped to win after years of dominance in the field.

15 October 2012

World economy needs action from China, EU: Geithner US Treasury Secretary Timothy Geithner said Saturday the global economy was on the mend, but more needed to be done to stoke domestic demand in China and fix Europe's fiscal woes.

14 October 2012

US tipped again for Nobel Economics Prize, as Europe lags Americans top the list of favourites for Monday's Nobel Economics Prize, an award that increasingly rarely seems to go to a European.

14 October 2012

Fiscal policy should be 'growth friendly': IMF body The world economy needs to balance austerity with growth if it is to recover fully from the global financial crisis, a key IMF committee said in Tokyo on Saturday.

13 October 2012

'Wartime' debt threat to global economy: Lagarde Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.

12 October 2012

Spain, France vow action on eurozone crisis The leaders of France and Spain vowed concerted action on the eurozone as they met on Wednesday amid IMF calls for new measures to control the debt crisis threatening the global economy.

12 October 2012

Kazakhstan government forecasts 7% economic growth in 2013-2017 Despite of the escalating crisis in Europe and staggering economic growth in the EU and the U.S., Kazakhstan is maintaining a progressive economic development: Akhmetov.

11 October 2012

IMF: US 'fiscal cliff' would set back world economy The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.

11 October 2012

China tipped to be 2nd biggest luxury market by 2017 China is set to become the world's second biggest market for luxury goods after the United States in five years, overtaking France, Britain, Italy and Japan.

10 October 2012

Kazakhstan's budget expenses reached 7 trillion tenge Kazakhstan 2013-2015 budget was formed based on the forecasted economic situation in the country and in the world: Prime-Minister.

10 October 2012

Merkel's Athens visit chance to ease tension German Chancellor Angela Merkel's visit Tuesday to debt-strapped Greece may provide a chance to ease tensions born of the economic crisis.

10 October 2012

IMF cuts global forecast, says risks rising The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.

10 October 2012

World Bank slashes East Asia-Pacific growth forecast The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 percent, down from 8.3 percent in 2011, due to the fragile global economy.

09 October 2012

41 waste-processing plants to be constructed in Kazakhstan Kazakhstan Environmental Protection Minister talked about development of the green economy in Kazakhstan.

08 October 2012

Good jobs number electrifies Obama campaign A relieved Barack Obama basked Saturday in shock good news as unemployment dipped below eight percent to the lowest point of his presidency, stealing headlines from Mitt Romney's thumping debate win.

06 October 2012

French stats institute warns of period of no growth The French economy appears to be settling into a period of no growth according to the INSEE national statistics institute, which halved late Thursday its 2012 growth forecast to 0.2 percent.

05 October 2012

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