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Economy News

Mugabe admits land reform blunder

Harare - Zimbabwean President Robert Mugabe has admitted he blundered by giving ill-equipped black farmers vast tracts of farmland seized from whites under his controversial land reforms."I think the farms we gave to people are too large.

Germany approves Greek bailout extension despite unease

Berlin - German lawmakers approved Friday a hard-won bailout extension for Greece's new anti-austerity government in a move Berlin's finance chief called "not easy" but necessary, keeping a crucial lifeline open to Athens.

Tensions with Germany over 'greedy' Greece's debt

Atenas - Renewed tensions emerged Thursday between Greece and Germany as attention turned to Athens's huge debt load two days after the stricken eurozone country secured an extension of its bailout.

Podemos leader challenges Spanish PM to TV debate

Madrid - The leader of new Spanish anti-establishment party Podemos, which is heading opinion polls, on Wednesday attacked conservative Prime Minister Mariano Rajoy's record in office and challenged him to a television debate.

Kazakhstan president calls early elections

Astana - Kazakh President Nursultan Nazarbayev on Wednesday set early elections for April 26 in a move that will almost certainly see the septuagenarian leader re-elected for another term in the energy-rich state."In the interests of the people...

FTSE 100 sets record on Tuesday but fails to hold it on Wednesday

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.

Tough road for Greece as Merkel hails 'starting point'

Atenas - German Finance Minister Wolfgang Schaeuble voiced doubts Wednesday on whether indebted Greece can live up to its fiscal promises, underlining the problems facing Athens on both the domestic and EU fronts.

Protests blamed as Hong Kong misses growth targets

Hong Kong - Hong Kong's leadership Wednesday blamed months of pro-democracy protests as the economy fell well short of predicted growth in 2014, and said "prolonged political bickering" could do more damage to investor confidence.The growth rate was just 2.

Eurozone backs Greece bailout extension

Brussels - Eurozone finance ministers on Tuesday backed new reforms proposed by Greece in exchange for a four-month financial lifeline that will keep the country afloat and in the single currency for the time being.

Greek reforms list received 'on time' in Brussels: Commission

Brussels - The list of Greek reform measures demanded by the country's international creditors in return for extending its bailout programme has arrived "on time," the European Commission said Tuesday.

Greece to present delayed reforms list

Atenas - Greece was to hand in a delayed list of proposed reforms Tuesday morning aimed at winning a four-month extension of its massive bailout -- after missing a deadline set by its international lenders.

Greece delays sending vital reforms list

Atenas - Greece's new anti-austerity government late Monday said it would miss a midnight (2300 GMT) deadline to provide a list of reforms to its international lenders aimed at obtaining a four-month extension of its bailout.

Greece races to win bailout extension

Atenas - Greece's new anti-austerity government scrambled Monday to meet a midnight deadline to nail down and despatch to Brussels a list of proposed reforms to secure a four-month extension of its debt bailout lifeline.

Greece rejigs reforms as clock ticks on loan deal

Atenas - Greece raced Sunday to finalise reform proposals that would keep its loan lifeline open under an EU debt deal that saw its anti-austerity ambitions curtailed.

Greece readies reforms to keep bailout alive

Atenas - Greece raced Sunday to finalise reform proposals that would keep its loan lifeline open under an EU debt deal that saw its anti-austerity ambitions curtailed.

Venezuelans' long waits yield soap, and intelligence agents

Caracas - With long, everyday waits in line to buy milk or toilet paper, Venezuela's economic crisis is proving ever more painful, as President Nicolas Maduro's socialist government struggles with the inflation-wracked, collapsing economy.

Freight shipping prices sink on oversupply, China slowdown

London - Freight shipping prices have plummeted to a historic low, fuelled by a long-standing problem of too many ships and lower demand from China, but experts cautioned against seeing it as a warning on the global economy.

Greece races to finalise reforms after tough bailout deal

Atenas - Greece was under pressure Saturday to finalise reform proposals to keep its loan lifeline open as part of an EU debt deal, with its anti-austerity prime minister warning of "real difficulties" ahead.

Greece wins eurozone bailout deal with strict conditions

Brussels - Europe on Friday granted Greece a crucial four-month extension to its massive debt bailout, ending weeks of tension, but at the cost of huge concessions including a commitment to spell out reforms within two days.

French government wins confidence vote over reforms

Paris - France's Socialist government won a confidence vote tied to its economic reform package on Thursday that could in theory have caused its collapse amid a damaging backbench rebellion.

Greece battles Germany in last-minute debt talks

Brussels - Europe and Greece battle Friday to reach a last-minute bailout compromise with powerhouse Germany adamant that Athens accept further austerity in return for more aid.

French government braces for confidence vote

Paris - France's Socialist government was braced Thursday for a parliamentary vote of confidence over its economic reforms that could in theory bring it down.

Greece, eurozone in last chance to end debt standoff

Brussels - Europe and Greece on Thursday gave themselves one last chance to resolve a bitter feud over Greece's huge debt bailout, with a difficult compromise between Athens and Berlin hanging in the balance.

Greece to unveil new loan proposal in Grexit gamble

Atenas - Greece is due to make a formal request for a loan extension from eurozone finance ministers on Thursday, saying it is "optimistic" about a compromise with EU and ECB to avoid a looming "Grexit".

Russian court upholds sentence of Kremlin critic Navalny

Moscow - A Russia court upheld Tuesday a suspended three-and-a-half year prison sentence against top Kremlin critic Alexei Navalny on charges he embezzled money from French cosmetics company Yves Rocher.

Greece eyes pain-free EU loan deal

Atenas - Greece was expected Wednesday to bid for extra debt crisis aid from the EU without strings attached, ahead of a closely watched ECB meeting on the country's emergency funds.

Conservative ex-minister Pavlopoulos nominated for Greek president

Atenas - Greek Prime Minister Alexis Tsipras on Tuesday named former conservative minister Prokopis Pavlopoulos as his party's candidate for president, a move calculated to speed up the process ahead of critical EU talks.

Greece can survive till summer without EU deal: Analysts

Atenas - Cash-strapped Greece can survive financially until the middle of the year after its EU bailout technically ends on February 28, analysts believe, despite the abrupt failure of talks with its eurozone partners on Monday.

Greece rejects 'blackmail' in eurozone debt deal row

Brussels - European ministers raised the pressure on Greece to accept a last-minute debt deal on Tuesday as the radical leftist government in Athens remained defiant refusing "blackmail" from Brussels.

Greece's Varoufakis says confident of debt deal 'in two days'

Brussels - Greek Finance Minister Yanis Varoufakis said he was confident of reaching a deal with the eurozone on overhauling a hated debt bailout programme in two days despite crunch talks collapsing Monday.
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Berlin:  We are the Champions
Berlin: "We are the Champions"
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
US GDP  2010 to 2012
US GDP 2010 to 2012
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
UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
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millenials by the numbers
millenials by the numbers
From http://blog.k12.com/
Backus  Schoenholtz  Coronado  and Reinhart at the Economic Outlook Forum at NYU Stern on September ...
Backus, Schoenholtz, Coronado, and Reinhart at the Economic Outlook Forum at NYU Stern on September 3, 2014
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A store advertising its sales
the justified sinner
Coronado  Schoenholtz  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
For sale sign
For sale sign
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Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r