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Economy News

Free weddings, gravestones in Turks' plan to boost lira

Ankara - Convert your hard currency to Turkish lira and you could enjoy a free wedding package, a meal and a loaf of bread. Or even a gravestone.

French Socialists risk meltdown in stricken steel belt

Florange - Towering above the Moselle valley in northeast France are two rusting testaments to the dashed hopes of Francois Hollande's presidency that loom large over the election of his successor next year.

Police in Rio clash with demonstrators protesting austerity

Rio De Janeiro - Brazilian police fired percussion grenades and rubber bullets Tuesday at protesters angry over austerity measures in cash-strapped Rio de Janeiro state.

Brexit deal needed by October 2018, says EU negotiator

Brussels - Britain must broker its deal to leave the EU by October 2018, the bloc's chief Brexit negotiator Michel Barnier said on Tuesday, warning that time for talks was running out.

EU drops human rights condition for Cuba normalisation

Brussels - European Union countries cleared the way Tuesday for full normalisation of ties with communist Cuba next week by dropping demands for Havana to first improve its human rights record.

Naked selfies used as collateral for Chinese loans

Bejing - Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace.

Eurozone agrees debt relief for Greece amid IMF row

Brussels - Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the IMF.

EU, IMF 'going in circles' on Greek debt relief

Brussels - Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

Le Pen victory would be 'body blow' to Europe: ex-British PM

New Delhi - Britain's former premier said Saturday the election of France's Marine Le Pen would be a "big body blow" for Europe, saying he hoped for the victory of a mainstream party.

In rural Cuba, economy stuck in time after Castro

Camag - A convoy is carrying Fidel Castro's ashes across a Cuban countryside stuck in the bleak economy he left behind: Farmers plowing with oxen, people traveling in horse carts and stores lacking basic goods.Crowds have been chanting "viva Fidel!

Anger rises after India scraps old notes at petrol pumps

New Delhi - India said old notes would no longer be accepted at petrol stations after Friday, fuelling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch.

Anger rises after India scraps old notes at petrol pumps

New Delhi - India said old notes would no longer be accepted at petrol stations after Friday, fuelling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch.

Anger rises after India scraps old notes at petrol pumps

New Delhi - India said old notes would no longer be accepted at petrol stations after Friday, fuelling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch.

With Castro gone, US presence in Cuba grows

Havana - Fidel Castro spent his life combating US capitalism, but by the time he died, American cruise ships, regular flights and even the embassy had returned to the communist-ruled island.

Mexico's central bank chief resigns as peso plunges

Mexico - Mexico's central bank chief Agustin Carstens resigned Thursday, officials said, as the peso continued a decline that has accelerated since Donald Trump's victory in last month's US presidential election.

Putin demands economic reforms after 2018 polls

Moscow - Russia needs to introduce economic and tax reforms to end its stagnation, President Vladimir Putin said Thursday, urging the government to plan for 2019 and beyond, after the 2018 presidential polls.

The economy, stupid: how growth woes shape Italy referendum

Rome - The way Italian Prime Minister Matteo Renzi tells it, there is no economic case for him to quit, as he has vowed to do if he loses Sunday's referendum on constitutional reform.

Brazil central bank cuts interest rate again

Bras - Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter.

Russia elevates 34-year-old ex-banker to economy minister

Moscow - President Vladimir Putin on Wednesday appointed deputy finance minister Maxim Oreshkin as economy minister, replacing Alexei Ulyukayev who was dismissed this month after being charged with taking a $2-million bribe."You haven't been working long, but.....

Trump picks Treasury secretary, says he'll leave his business

Washington - President-elect Donald Trump named Wall Street veteran Steven Mnuchin for Treasury secretary Wednesday, filling key slots on his economic team even as he announced plans to leave his businesses to avoid any conflict of interest.

Erdogan says Turkey has 'many other alternatives' to EU

Istanbul - Turkish President Recep Tayyip Erdogan on Tuesday said his country has not yet given up on its ambition to join the European Union but has "many other alternatives" if the stalled process goes nowhere.

Erdogan says Turkey has 'many other alternatives' to EU

Istanbul - Turkish President Recep Tayyip Erdogan on Tuesday said his country has not yet given up on its ambition to join the European Union but has "many other alternatives" if the stalled process goes nowhere.

Erdogan says Turkey has 'many other alternatives' to EU

Istanbul - Turkish President Recep Tayyip Erdogan on Tuesday said his country has not yet given up on its ambition to join the European Union but has "many other alternatives" if the stalled process goes nowhere.

Brazil's president to block any corruption amnesty

Bras - Brazil's President Michel Temer, together with congressional leaders, vowed on Sunday to block any attempt by legislators to grant themselves a corruption amnesty as he sought to defuse a series of scandals.

Pakistani market where women seek justice

- A narrow path winds through Kashmir's Valley of Pearls towards 13 tin-roofed shops hidden in a rickety row, a women-only market that doubles as a space for those seeking help against the violence of Pakistan's patriarchy.

Hollande hails slight French jobless fall

Paris - The number of unemployed in France fell by nearly 12,000 in October, bringing the total reduction this year to over 100,000 in what President Francois Hollande said Thursday was proof his policies were "bearing fruit".

Desert industrial city points to Saudi economic future

- In the desert, far from the skyscrapers and busy streets of its big cities, oil-dependent Saudi Arabia is looking to build its future on two other natural resources.

Strikes in Greece against new cuts

Atenas - Strikes hit Greece on Thursday against a new round of tax hikes and labour changes considered by the government under the country's EU rescue deal.

In crisis-struck Rio, police need donated toilet paper

Rio De Janeiro - Maria Thereza Sombra may rely on Rio de Janeiro's police to keep her safe -- but in the grip of financial crisis they rely on the 82-year-old to supply them with toilet paper.

Back to 1930s nationalism? Historians battle over comparison

Paris - In the 1935 novel "It Can't Happen Here", an ignorant American demagogue called Buzz Windrip becomes president, promising to make a depressed and fearful country proud, rich and safe again.
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Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / White House
UK: HM Treasury entrance
UK: HM Treasury entrance
HM Treasury
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
President Barack Obama greets Rep. Gabrielle Giffords  D-Ariz.  as he arrives on the floor of the Ho...
President Barack Obama greets Rep. Gabrielle Giffords, D-Ariz., as he arrives on the floor of the House Chamber to deliver the State of the Union address at the U.S. Capitol in Washington, D.C., Jan. 24, 2012
Pete Souza / White House
Pudong  China s financial and commercial hub  situated in Shanghai.
Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
US GDP  2010 to 2012
US GDP 2010 to 2012
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
Reinhart  Schoenholtz  Coronado at the Economic Outlook Forum at NYU Stern on September 3  2014
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Hawaii: APEC 2011
Hawaii: APEC 2011
APEC
A store advertising its sales
A store advertising its sales
the justified sinner
Along with the closeout merchandise and surplus merchandise markets  the returned merchandise and li...
Along with the closeout merchandise and surplus merchandise markets, the returned merchandise and liquidation industry generates over $100 billion dollars in revenue annually.
President Obama delivers his State of the Union address at the U.S. Capitol  D.C.
President Obama delivers his State of the Union address at the U.S. Capitol, D.C.
Lawrence Jackson / White House
Schoenholtz  Coronado  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media

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