Economy News
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By AFP
Caracas -
New banknotes stripped of five zeros entered circulation in Venezuela on Monday as part of President Nicolas Maduro's radical plan to curb hyperinflation, but business leaders branded the move as counterproductive.The country appeared paralyzed.
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By AFP
Atenas -
Greece turned a page on eight years of spending cuts and three straight international bailouts on Monday but experts warned that the country's economic challenges are far from over.
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By AFP
Istanbul -
The crash in the Turkish lira sparked by US sanctions has left President Recep Tayyip Erdogan facing the biggest economic challenge of his one-and-a-half decades in power.
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By AFP
Apo -
Greece will formally turn the page on its debt saga this week, but the eurozone remains vulnerable to further crises, with economists particularly worried about the situation in Italy.
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By AFP
Atenas -
The summer was meant to have been a chance for Prime Minister Alexis Tsipras to bask in the success of Greece finally turning the page on the bailout era.
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By AFP
Accra -
Ghana is backpedalling out of a banking crisis as the government takes on debt to save a troubled sector and vows to punish the executives responsible.
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By AFP
Vereeniging -
"We live like sardines while white farmers live on hectares of land. Bring back our land!" declared Nthabiseng Tshivhenga, a black civil servant.
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By AFP
Caracas -
Uncertainty reigned in Venezuela on Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos.
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By AFP
Ankara -
Turkish President Recep Tayyip Erdogan declared Saturday that his country would not be cowed by the United States, his latest broadside in the bitter feud between Ankara and Washington.
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By AFP
Caracas -
Venezuela will start issuing new banknotes on Monday after slashing five zeroes off the crippled bolivar, but analysts warn the measure will do nothing to stop a worsening economic crisis.
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By AFP
Mexico -
Mexican President-elect Andres Manuel Lopez Obrador called Friday for a referendum on a controversial new Mexico City airport, setting up a litmus test of his administration's fraught relations with the business sector.
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By AFP
Mexico -
Mexican President-elect Andres Manuel Lopez Obrador said Friday he will call a referendum on a controversial new Mexico City airport that he has threatened to axe.
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By AFP
Paris -
In an age of austerity and budget cutbacks, the deadly bridge collapse in Genoa, Italy, has put the spotlight clearly on the lack of public funding for road networks across the globe, from France and Germany, to the United States and beyond.
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By AFP
Istanbul -
Turkey on Friday threatened to respond in kind if Washington imposed further sanctions over the detention of an American pastor which has sparked a diplomatic standoff and battered the Turkish currency.
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By AFP
Istanbul -
Turkey on Friday threatened to respond if the United States levied further sanctions over the detention of an American pastor, which has sparked a diplomatic standoff and battered the Turkish currency.
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By AFP
Washington -
Tesla shares took a pounding Friday amid fresh fears about the future of the electric carmaker after a wide-ranging interview with chief executive Elon Musk in which he revealed his struggles with exhaustion and a lengthy but unsuccessful effort to fin...
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By AFP
Washington -
Treasury Secretary Steve Mnuchin on Thursday said that the United States would levy more sanctions on the troubled Turkish economy if Ankara does not release an American pastor.
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By AFP
Washington -
The US warned Thursday it would levy more sanctions on the troubled Turkish economy if Ankara does not soon release a jailed American pastor described by President Donald Trump as a "hostage.
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By AFP
Gaza -
With hundreds of empty plastic bottles collected from the shores of Rafah in the southern Gaza Strip, fisherman Muath Abu Zeid has turned litter into a floating source of income.
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By AFP
Ankara -
Qatar on Wednesday promised to make a $15 billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic standoff with the United States, officials said.
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By AFP
Doha -
The emir of wealthy Qatar flew to Turkey Wednesday to meet close ally President Recep Tayyip Erdogan in an apparent show of support as Ankara grapples with a currency crisis.
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By AFP
Istanbul -
Turkey hiked Wednesday tariffs on imports of several key US products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that has battered the Turkish lira showed no sign of ending.
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By AFP
Managua -
Nicaragua's National Assembly on Tuesday approved a drastic cut to the national budget because of the economic impact of months of anti-government unrest.The lawmakers adopted a 9.
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By AFP
Jerusalem -
Israel will reopen its only goods crossing with the Gaza Strip on Wednesday if calm is maintained, after having prevented most deliveries since July 9 over border tensions, the defence ministry said Tuesday.
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By AFP
Istanbul -
The collapse of the Turkish lira has caused trauma as Turks see their purchasing power slashed, but bargain-hunting foreign tourists visiting the country at the peak of the summer season are cashing in on a currency windfall.
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By AFP
Istanbul -
President Recep Tayyip Erdogan on Tuesday said Turkey would boycott US electronic goods like the iPhone in retaliation for punitive sanctions from Washington, as the Turkish lira finally clawed back some ground after going into a tailspin over the tens...
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By AFP
Caracas -
President Nicolas Maduro announced that from now on Venezuela's dirt-cheap fuel will be available only to people with a special government aid card that the opposition has denounced as a tool for controlling people.
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By AFP
Istanbul -
President Recep Tayyip Erdogan on Tuesday said Turkey would boycott US electronic goods in retaliation for punitive sanctions by Washington against Ankara over the detention of an American pastor.
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By AFP
Ankara -
President Recep Tayyip Erdogan on Monday accused the United States of seeking to stab Turkey "in the back" over a diplomatic row sparked by the detention of an American pastor that has sent the lira into a tailspin.
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By AFP
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In the tiny maternity ward in Murrupelane, two 16-year-old mothers breast-feed their babies, both born that morning.
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Economy Image
Eurozone is lost in translation as EU collapses
Geithner to leave in consideration of family.
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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
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Coronado, Schoenholtz, Reinhart, and Backus 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
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Occupy London: The piazza of St Paul’s Cathedral Eman Jueid / Aslan Media
Fred Olsen Windcarrier's Brave Term jack-up vessel was used in the construction of the Block Island Wind Farm. Fred Olsen Windcarrier
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
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