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Economy News

Philippines welcomes 100 millionth baby

Manila - A baby girl born early Sunday has officially pushed the population of the Philippines to 100 million, highlighting the challenge of providing for more people in the already-impoverished nation.
In the Media by AFP

Is generation rent threatening the American dream?

Home-owning is an inalienable part of the American dream, or at least that’s what we've thought for the last 60 years. Since World War II, home ownership has formed the cornerstone of upward mobile aspiration.
In the Media by Elizabeth Grey

More than 2.2 billion people 'poor or near-poor': UN

Tokyo - More than 2.2 billion people are "poor or near-poor", with financial crises, natural disasters, soaring food prices and violent conflicts threatening to exacerbate the problem, a United Nations report said Thursday.
In the Media by AFP

Venezuelan opposition leader Lopez goes on trial

Caracas - Venezuelan opposition leader Leopoldo Lopez went on trial Wednesday on charges of inciting violence during anti-government protests that ultimately left 43 people dead.
In the Media by AFP

Op-Ed: Detroit's water shutoffs — The crisis overlooked by the media

Detroit - When Michigan Governor Rick Snyder appointed a bankruptcy lawyer as Detroit's manager in 2013, the "motor-city" was seemingly at the end of its rope. Bogged down in high-crime, high unemployment and a distrustful citizenry, what was going to happen next?
In the Media by Karen Graham - 5 comments

Chinese leader woos Latin America with deals

- China's president pressed a charm offensive with Latin America on Thursday, signing deals with Brazil, meeting regional leaders and proposing a $20 billion infrastructure fund that highlights Beijing's growing interests in the region.
In the Media by Laurent Thomet (AFP)

Coal stocks run dangerously low at India power stations

New Delhi - Nearly half of India's coal-fired power stations only have enough stocks to last a week, as the country struggles to meet growing seasonal demand for electricity, the power minister said Thursday.
In the Media by AFP

U.S., EU stiffen sanctions against Russia over Ukraine

Washington - The United States and Europe strengthened sanctions on Moscow over Ukraine Wednesday, with President Barack Obama taking his first direct swipes in the finance, military and energy sectors of the Russian economy.
In the Media by AFP - 1 comment

San Diego minimum wage to rise in 2015

San Diego - Some big changes are coming for San Diegans working minimum wage jobs: effective next year, the minimum wage will rise to $9.75, and companies will be required to give all workers five sick days a year.
In the Media by Nicole Weddington - 1 comment

Op-Ed: Iowa among the worst for minority business owners Special

Des Moines - According to both the SBA and Bloomberg, Iowa is among the worst states for MBE's (Minority Business Enterprises). Can business owners turn the tide?
Digital Journal Report by Ini Augustine

Isolated Russia has friends at multipolar-pushing BRICS

Fortaleza - The summit of the BRICS group of emerging economies this week defies the Western push to isolate Russia, the latest sign of the increasingly multipolar world order the bloc demands.
In the Media by Philippe Zygel (AFP)

'Be proud', Hollande tells French amid economic gloom

Paris - President Francois Hollande on Monday pleaded with the French to be proud of their country in an attempt to boost confidence at a time of enduring gloom over record unemployment and faltering growth.
In the Media by Marianne Barriaux (AFP)

Samsung finds 'evidence' of child labour at China plant

Seoul - Samsung said Monday it temporarily suspended business with one of its suppliers in China over the suspected use of child workers, following criticism that its monitoring of illegal labour practices was ineffective.
In the Media by AFP

Putin in Cuba, Nicaragua to rekindle Latin America ties

Managua - President Vladimir Putin made a surprise stop in Nicaragua after visiting Russia's Cold War ally Cuba, part of a tour to increase Moscow's influence in Latin America amid frayed ties with the West.
In the Media by Rigoberto Diaz (AFP) - 1 comment

Putin in Cuba, Nicaragua to rekindle Latin America ties

Managua - President Vladimir Putin made a surprise stop in Nicaragua after visiting Russia's Cold War ally Cuba, part of a tour to increase Moscow's influence in Latin America amid frayed ties with the West.
In the Media by Rigoberto Diaz (AFP)

Putin in Cuba to rekindle Latin America ties

Havana - President Vladimir Putin visited Russia's Cold War ally Cuba on Friday, launching a tour that will see him cozy up to Latin America amid newly frayed relations with the West.
In the Media by Rigoberto Diaz (AFP)

Argentine vice president appeals corruption charges

Buenos Aires - Argentina's Vice President Amado Boudou filed an appeal against charges of corruption allegedly carried out during his time as finance minister from 2009 to 2011.
In the Media by AFP

Gloomy Slovenians pin little hope on snap election

Murska Sobota - Jolanka Horvat has watched her home region of Pomurje, in Slovenia's northeast, slide deeper into poverty and joblessness over the past few years.
In the Media by Bojan Kavcic (AFP)

India increases defence spending, invites foreign investment

New Delhi - India announced Thursday it would lift the cap on foreign direct investment in the defence sector to 49 percent and announced a 12-percent rise in military spending as part of efforts to modernise its armed forces.
In the Media by AFP

China, Germany in auto, aircraft deals as Merkel visits

Beijing - China and Germany signed a series of trade and investment deals on Monday during a visit by Chancellor Angela Merkel, including agreements on two new Volkswagen factories and the sale of 123 Airbus helicopters.
In the Media by AFP

Argentina readies talks with mediator over debt default

New York - Argentine representatives hold talks with a court-appointed arbiter in New York on Monday hoping to resolve an impasse over debt payments to hedge funds as the country faces possible default.
In the Media by Sonia Avalos (AFP)

Debt-laden Serbia braces for painful reforms

Belgrade - With one in five people unemployed and pensioners outnumbering those in work, Serbia is struggling with a record budget deficit and could sink into bankruptcy.
In the Media by Katarina Subasic (AFP)

Cuba examines weak economy, seeks 'socialist development'

Havana - Cuba's National Assembly opened its biannual session, with the communist island's faltering economy topping the agenda, but no plans unveiled for change.
In the Media by AFP - 1 comment

Putin to visit Cuba and other LatAm nations

Moscow - President Vladimir Putin will next week begin a major Latin America tour that will take him to Cuba, Argentina and Brazil as he seeks to counter Russia's growing international isolation over the Ukraine crisis.
In the Media by AFP

Bankers on the march: Hong Kong financiers join democracy fight

Hong Kong - When huge crowds took to Hong Kong's streets this week to voice anger at Beijing's ever-tightening grip, an unlikely group was marching in step: wealthy financiers fighting mainland influence over the city's markets and political life.
In the Media by Jennifer O'Mahony (AFP)

Latin American firms leap from Spain to rest of Europe

Madrid - Spanish firms seeking to escape a sluggish eurozone are heading in ever greater numbers to reap the financial benefits of doing business in the faster-paced economies of Latin America.
In the Media by Katell Abiven (AFP)

Local judge files corruption charges against Argentina VP

Buenos Aires - An Argentine judge filed corruption charges against Vice President Amado Boudou over his alleged role while he was finance minister in buying a company that printed local currency.
In the Media by AFP

Ukraine, Georgia, Moldova look to EU future with accords

Brussels - European Union leaders sign historic association accords Friday with Ukraine, Georgia and Moldova as the three Soviet-era republics look to a future in Europe rather than with their old masters in Moscow.
In the Media by Bryan McManus, Jerome Rivet (AFP)

Mafia sinking claws into rich north, observatory warns

Rome - One of Italy's most powerful mafia syndicates is expanding beyond its southern heartland and taking root in the wealthy north of the country, the Organised Crime Observatory warned on Thursday.
In the Media by Ella Ide (AFP)

Ukraine offers regions more powers to calm insurgency

Kievpetrovsky Port - Ukraine's new Western-backed president is due on Thursday to submit constitutional changes expanding regional powers in the hope the measure will help calm a bloody pro-Russian insurgency convulsing his ex-Soviet state.
In the Media by Dmitry Zaks (AFP)
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Occupy London Stock Exchange
Eman Jueid / Aslan Media
Occupy London Stock Exchange
image:97825:2::0
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
image:67434:2::0
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
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US GDP  2010 to 2012
US GDP 2010 to 2012
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UK: HM Treasury entrance
HM Treasury
UK: HM Treasury entrance
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Republicans just can t seem to find it in themselves to share the nation s enthusiasm over the recov...
Department of Labor
Republicans just can't seem to find it in themselves to share the nation's enthusiasm over the recovery.
image:105979:1::0
President Obama delivers his State of the Union address at the U.S. Capitol  D.C.
Lawrence Jackson / White House
President Obama delivers his State of the Union address at the U.S. Capitol, D.C.
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Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
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Pudong  China s financial and commercial hub  situated in Shanghai.
Wikipedia
Pudong, China's financial and commercial hub, situated in Shanghai.
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Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
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Canberra: Bus Depot Markets.
Stephan Ridgway
Canberra: Bus Depot Markets.
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Untitled
image:67191:0::0
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
The French Stock Market (La Bourse) in Paris
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For sale sign
Diana Parkhouse
For sale sign
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Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
Occupy London: The piazza of St Paul’s Cathedral
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A store advertising its sales
the justified sinner
A store advertising its sales
image:72997:0::0
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
image:67432:3::0
Canberra: Bus Depot Markets.
Stephan Ridgway
Canberra: Bus Depot Markets.
image:88570:0::0
UK - London: Occupy London  2012
xpgomes9
UK - London: Occupy London, 2012
image:105449:0::0

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