NGO slams IMF's 'double standard' on austerity Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.
Pentagon requests more funding for Israel's 'Iron Dome' The Pentagon has requested $220.3 million in 2014 to bolster Israel's "Iron Dome" missile defense system despite broader cuts to US military spending, according to budget documents.
18 April 2013
US hospitals make more money when surgery goes wrong US hospitals face a disincentive to improve care because they make drastically more money when surgery goes wrong than when a patient is discharged with no complications.
17 April 2013
Organised crime worth $90 bn a year in East Asia Organised crime groups dealing in fake goods, drugs, human trafficking and illicit wildlife trade earn nearly $90 billion annually in East Asia and the Pacific.
16 April 2013
S. Korea proposes $17.3 bn extra budget for 2013 South Korea proposed Tuesday a 17.3 trillion won ($15.4 billion) supplementary budget to help boost the economy, including further spending on defence at a time of heightened tensions with the North.
EU finance ministers tackle tax-fraud European Union finance ministers tackle tax fraud and money-laundering as they wrap up two days of talks on Saturday.
13 April 2013
Euro ministers in bid to finalise Cyprus bailout Eurozone and EU finance ministers meet in Dublin from Friday to finalise the Cyprus bailout and consider extending debt repayment dates for Portugal and Ireland.
12 April 2013
With back against wall, Portugal pushes on with austerity Despite the risk of aggravating the recession and unemployment, Portugal's government is wagering that following the austerity prescribed by its creditors will help it regain market confidence and avoid a second bailout.
10 April 2013
Asian economies to rebound but recovery fragile: ADB The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia.
Portugal PM announces severe spending cuts Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.
08 April 2013
Britain brings in ban on 'rip-off' surcharges A ban on "rip-off" surcharges imposed on credit card spending came into force in Britain on Saturday, meaning traders must ensure that the extra fees reflect genuine processing costs.
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