News about economy

World Bank fears devastating 4.0 degree warming

The World Bank warned Sunday that global temperatures could rise by four degrees this century without immediate action, with potentially devastating consequences for coastal cities and the poor.
20 November 2012 10:56

US pushing 'jobs diplomacy' after costly wars: Clinton

The United States will push its economic interests more aggressively to preserve its global leadership after being tied down by two wars in the past decade, Secretary of State Hillary Clinton said Saturday.
17 November 2012 13:47

Spanish police, protesters clash amid European strikes

Spanish police fired rubber bullets at die-hard protesters hurling bottles, rocks and firecrackers late Wednesday, capping anti-austerity strikes across southern Europe that boiled over into sporadic clashes.
15 November 2012 13:29

Falling aluminium prices hit Rusal earnings

Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal.
12 November 2012 12:08

ECB's not set to fire 'bazooka' yet

The European Central Bank is unlikely to fire the new anti-crisis "bazooka" it unveiled two months ago, and will keep its gunpowder dry on interest rates as well at its meeting on Thursday.
08 November 2012 13:52

Greek lawmakers to vote on austerity amid strikes

Greek lawmakers vote Wednesday on austerity measures needed to unlock international aid and stave off bankruptcy despite strikes and public anger against billions more euros in tax hikes and pension cuts.
08 November 2012 10:01

Top headache for China's new leaders: job creation

The factories that have powered China's economic miracle are reeling from the global slowdown, presenting the incoming leadership in Beijing with a restless workforce at a defining moment in the country's growth story.
02 November 2012 10:01

China watches US democracy avidly, but without envy

The world's two biggest economies choose their next leaders in early November, an accident of timing that lays bare the vivid contrast between China's opaque communist state and America's riotous democracy.
30 October 2012 10:00

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