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Slovakia's Prime Minister Robert Fico. ©REUTERS Slovak PM says eurozone will not survive in current form The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
01 October 2012
World must work out how to grey gracefully: UN Governments around the world must work out how to cope with ageing, a UN report said Monday, warning developing economies with lots of young workers may one day find their populations a drag.
01 October 2012
Greek PM stresses urgency of austerity deal Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.
01 October 2012
Spain tightens austerity screw in 2013 budget Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.
28 September 2012
New protest as bailout spectre returns to haunt Spain Thousands of protestors rallied near the Spanish parliament for a second straight night Wednesday after a rough day on the markets again raised the spectre of a full bailout and deeper economic pain.
28 September 2012
©REUTERS Global sales of 'smart devices' surging: study Global sales of so-called smart connected devices -- computers, smartphones and tablets -- rose sharply in the past quarter, driven by smartphones and tablets.
28 September 2012
Photo courtesy of mamas-club.nl Deficit-cutting French budget to test Hollande credibility France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.
27 September 2012
Police fire rubber bullets at Madrid protest Spanish riot police fired rubber bullets and baton-charged protesters Tuesday as thousands rallied near parliament in Madrid in anger at the economic crisis, in clashes that left more than 60 people injured.
26 September 2012
Global warming slows down world economy: report Climate change caused by global warming is slowing down world economic output by 1.6 percent a year and will lead to a doubling of costs in the next two decades.
26 September 2012
Delays have left Greece with finance gap: Lagarde International Monetary Fund chief Christine Lagarde said Monday that delays in implementing Greece's bailout program, including privatization, have expanded the country's financing shortfall.
26 September 2012
Palestinian finance minister Nabil Kassis. Photo courtesy of arabian business.com Palestinian state efforts at risk in cash crisis: minister Efforts to create a Palestinian state could collapse unless emergency funds are found to bail out its nascent government, the Palestinian finance minister Sunday.
24 September 2012
More than half of Brazil population middle class Fifty-three percent of Brazil's population of 194 million is now middle class, as tens of millions of people are lifted out of poverty.
22 September 2012
Photo courtesy of brecorder.com Belarus economy facing trouble despite Russian help Belarus was bailed out of last year's dire economic crisis by its giant neighbour Russia but as the ex-Soviet state heads to parliamentary polls the economy is once again flirting with disaster.
21 September 2012
Giants EU, China meet in 'challenging' times Global giants the European Union and China meet at a Brussels summit on Thursday under pressure to bolster slowing economic growth and tackle tough international dilemmas.
21 September 2012
Risks ahead if Asia to drive world growth: experts Asia must fight complacency and transform its economic and social models if it is to keep driving global growth in years to come as Europe and the United States slow.
18 September 2012
©REUTERS/Jose Manuel Ribeiro Iraq oil growth slowing would be 'bad news': IEA economist The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world.
18 September 2012
©REUTERS/Chris Wattie Canada to stop opposing asbestos hazard listing Canada dropped Friday its longtime opposition to global restrictions on asbestos, dealing a blow to the country's dying mining industry of the fire-resistant substance.
15 September 2012
©REUTERS Oil prices hit four-month peaks on Fed stimulus Global oil prices soared Thursday to new four-month highs, as the US Federal Reserve announced a new round of quantitative easing to stimulate the flagging economy.
14 September 2012
Asian Apple-linked shares mixed after iPhone 5 launch Stocks in Apple's Asian component suppliers were mixed Thursday after the launch of the iPhone 5, with analysts citing uncertainty over its impact in the hugely competitive smartphone market.
13 September 2012
©REUTERS/Kacper Pempel Leaders, markets brace for German court's euro ruling Germany's top court will hand down a momentous ruling on a new European crisis firewall Wednesday, in a decision with far-reaching implications for the future of the euro.
12 September 2012
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