site.news_by_theme economy
Eurozone divorce would 'kill the kids': Polish central banker
The debt-ravaged eurozone is in trouble but every effort must be made to keep this currency marriage intact because a divorce would end up "killing the kids.
27 October 2012
Athens to get two more years to meet deficit target: report
The Greek government will get a grace period of an extra two years to rein in its runaway public debt.
25 October 2012
Canadians' well-being down as economy grows: study
Quality of life for Canadians has dropped significantly since the last recession in 2008, even though indicators show a rebound in the economy, said a study published Tuesday.
25 October 2012
Middle East oil disruptions to hit Asia first: IEA
Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges, the International Energy Agency said Monday.
22 October 2012
Eurozone leaders see 'good progress' in Greece: statement
Eurozone leaders on Friday hailed Greece's achievements in carrying out reforms aimed at getting its economy back on track and urged Athens to keep up efforts to stay in the eurozone.
20 October 2012
Libya economy boosted by oil pending reconstruction
Libya's economy has made a swift recovery after the 2011 conflict, with oil production returning to near normal levels: but insecurity is holding up reconstruction and keeping foreign companies at bay.
20 October 2012
The man on a mission to debunk Obama 'myth'
He did nothing for African-Americans, left the poor even poorer, his health care reform was a step backwards, and he may yet let another financial disaster erupt on his watch.
19 October 2012
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
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