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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 president Jim Yong Kim. ©REUTERS 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
©RIA Novosti 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
Photo courtesy of totalmortgage.com 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
©REUTERS/Marko Djurica Activists building ship in Gaza to defy Israel A ship built in Gaza will sail next year carrying Palestinian exports to international customers, and to challenge Israel's blockade from the inside out.
05 October 2012
Xstrata, Glencore announce new deal for massive tie-up Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).
02 October 2012
China manufacturing in second month of contraction China's manufacturing activity contracted for a second straight month in September, according to official data released Monday, falling short of expectations for expansion.
01 October 2012
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
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