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Economy News

Obama says 'no greater threat to planet than climate change'

Washington - US President Barack Obama said Saturday that climate change poses the world's biggest single threat.

Isolated north Cyprus counts on Turkey for economic survival

Nicosia - Recognised only by Ankara, the tiny Turkish Republic of Northern Cyprus heads to the polls on Sunday with its economy suffering from international isolation and surviving mainly thanks to Turkey's largesse.

A very exclusive coffee kick on St Helena island

Jamestown - Most coffee snobs can only dream of sipping on a brew made from Saint Helena beans.

Finland's floundering economy at heart of election debate

Helsinki - Finns go to the polls on Sunday in legislative elections widely expected to oust the country's left-right coalition amid growing discontent over a floundering economy undergoing a painful restructuring.

Power to the North pledge dangled ahead of UK vote

Manchester - The cranes on the skyline of Manchester reflect a boom under way in this former industrial hub in northern England that is leading the charge to wrest greater local powers from London.

IMF: Global economy steady but risks abound

Washington - The International Monetary Fund said Tuesday that the global economy remains tepid, with slowdowns in emerging markets offsetting progress in the Japanese and European economies.

Greece to make April IMF payment, but uncertainty reigns

Atenas - Greece is due to make its 459 million euro ($495 million) April loan payment to the IMF Thursday following days of uncertainty, but the European nation's ability to honour its debts remains a source of acute anxiety to creditors.

In Russia-West tug of war, Moldova sees EU as only option

Chisinau - Moldova's decision to sign key trade and political agreements with the European Union has cost it dearly, as its giant trading partner Russia swiftly punished it through an embargo strangling its farm and wine industries.

Germany snubs Greece's war reparations call as 'dumb'

Berlin - Germany snubbed Greece's call for more than 278 billion euros ($306 billion) in war payments Tuesday, calling it "dumb" to mix World War II claims with Athens' negotiations for more aid.

Greece agrees to repay IMF debt by April 9: Lagarde

Washington - Greece has agreed to repay its debt to the International Monetary Fund by April 9, IMF chief Christine Lagarde said after a meeting with Greek Finance Minister Yanis Varoufakis.

Greece 'confident' of paying IMF on time

Atenas - Greece will meet its financial obligations to the IMF and pay workers' salaries and pensions next week, a government source said, easing speculation that Athens could default on its debts with unknowable consequences for global markets.

Op-Ed: Prentice and Nenshi show Albertans how government fails

Edmonton - Albertans knew this was coming, and still feel the sting of the news. With the press surrounding the budget out of the news cycle, Albertans should know how their leaders are punishing them for the government being terrible at managing tax dollars.

Lisbon mayor steps down to launch election bid

Lisbon - Lisbon's Socialist mayor Antonio Costa, tipped to succeed centre-right Prime Minister Pedro Passos Coelho, stepped down Wednesday to fight Portugal's parliamentary elections this autumn.

No deal in Greece reform list talks: source

Brussels - Fresh talks between Greece and its creditors on a list of reforms ended without a deal Wednesday, with a widely anticipated meeting of eurozone finance ministers now unlikely to happen in the near future, sources said.

Hollande assures Berlin France will stick to reforms

Berlin - French President Francois Hollande insisted on a visit to Berlin Tuesday that France would stick to its reform course despite his Socialist party's setback in local elections.

In Greece, folk music and patriotism soothe wounded national pride

Atenas - With its dignity battered by six years of "humiliation" at the hands of its international creditors, cash-strapped Greece is turning to folk music and patriotism to restore its injured national pride.

Tsipras seeks 'honest compromise' as Greece wrangles with creditors

Atenas - Greek Prime Minister Alexis Tsipras on Monday said he wanted an "honest compromise" as the cash-strapped country wrangled with eurozone creditors over a new package of reforms needed to unlock vital bailout funds.

World leaders' details emailed in error to football body: Report

Sydney - The personal details of world leaders travelling to Australia for the G20 summit were mistakenly emailed to a member of the Asian Cup football local organising committee, a report said on Monday.

Greece seeks 'happy ending' as creditors mull loan deal

Atenas - Greek Prime Minister Alexis Tsipras said in remarks published Sunday he hoped key talks with international creditors would yield a "happy ending" in the standoff over the country's crippling debt crisis.

Ukraine's Russia debt threatens IMF rescue

Washington - A default by Ukraine on $3 billion in debt to Russia this year could threaten the International Monetary Fund's lifeline to the embattled country, an IMF spokesman said.

China offers Sri Lanka olive branch and warnings

Bejing - President Xi Jinping worked to mend relations with Sri Lanka on Thursday as Chinese state-run media warned the island nation's new government against shutting off billions in investments from Beijing.

Kolomoisky, the ruthless oligarch key to peace in Ukraine

Kiev - Sacked regional governor Igor Kolomoisky is one of Ukraine's richest men with a sprawling business empire whose ruthless methods are admired, feared and denounced in equal measures, making him one of the war-hit country's key players.

Uber drivers assaulted in Belgium

Brussels - Uber drivers in Belgium were assaulted by fake clients this weekend, including by at least one cabbie angered by the lower cost rival, Belgian police said on Monday.

Greek PM to visit Merkel as Spain turns screw on Athens

Berlin - The leaders of debt-wracked Greece and economic powerhouse Germany meet in Berlin Monday after weeks of bad feeling over Athens' debt woes, bitter wartime memories and an offensive hand gesture.

Thousands flock to anti-austerity 'dignity march' in Madrid

Madrid - Thousands of people took part in a "march for dignity" in Madrid on Saturday to protest against austerity measures on the eve of a closely-watched regional election in southern Spain.

Thousands march against Irish water charges

Dublin - Tens of thousands took to the streets of Dublin on Saturday in the latest mass protest against new water charges which have sparked widespread public anger.

Putin calls for currency union with ex-Soviet allies

Astana - Russian President Vladimir Putin on Friday called for a single currency with the Kremlin's closest ex-Soviet allies despite fraying ties in the region which is struggling with the fallout from Moscow's economic crisis.

EU offers Greece 2 bn euros in unused development funds

Brussels - European Commission chief Jean-Claude Juncker said Friday he was making 2.0 billion euros of unused EU development funds available to Greece as it battles a cash crunch.

Brazil pursues football 'renaissance' after humiliation

Bras - The Brazilian government declared Thursday it was making the first decisive move in the "renaissance" of football in the soccer-mad country, where the national side's World Cup humiliation on home soil still rankles eight months on.

German TV presenter admits faking Varoufakis middle-finger video

Berlin - A German TV presenter admitted to faking a video showing Greek Finance Minister Yanis Varoufakis giving the middle-finger gesture to Germany, after the politician vehemently contested its authenticity.
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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.
A store advertising its sales
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
Pudong  China s financial and commercial hub  situated in Shanghai.
Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / White House
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
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
UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
US GDP  2010 to 2012
US GDP 2010 to 2012
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
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
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
Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency
For sale sign
For sale sign
Diana Parkhouse
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.