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 12:21
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 09:58
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 18:31
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 14:32
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 17:12
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.
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 16:42
'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 17:21
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.
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.
Merkel's Athens visit chance to ease tensionGerman 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 13:28
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 10:45
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.
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 16:19
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.
