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Economy News

S.African scrutiny over Zuma's ties to Indian family

Johanesburg - Political scandals, huge economic deals and even extravagant wedding party controversies -- an immigrant family that is one of South Africa's wealthiest is accused by critics of wielding immense power behind the scenes.

Greek farmers ramp up motorway blockade over pension reforms

Atenas - Greek farmers on Tuesday stepped up their weeks-long protest against proposed pension reforms by setting up a blockade around the main north-south motorway, splitting the country in two.

Greek farmer blockades pile pressure on government

Thessalon - Greek farmers protesting against pension reforms heightened highway and border protests around the country on Saturday, piling pressure on the leftist government of Prime Minister Alexis Tsipras.

Greek emergency services workers march for better pension deal

Atenas - More than 2,000 police, coastguards and firefighters took to the streets of cash-strapped Athens on Friday in protest at pension reforms as the country reeled from a paralysing general strike, according to AFP.

Carnival opens in Rio, defying growing Zika fears

Rio De Janeiro - Rio's Carnival -- a five day festival of dancing, bared flesh and wild costumes -- got underway in the face of warnings that the Zika virus might make even kissing dangerous.

Portugal government adopts 2016 draft budget without EU's approval

Lisbon - The Portuguese cabinet on Thursday adopted its 2016 draft budget without waiting for EU Commission approval, a government spokesman said.

Germany urges strict budget policy to cope with refugees

Frankfurt - Germany's top priority at the moment is taking in and integrating the huge influx of refugees, but that will require a very strict handling of the country's public finances, finance minister Wolfgang Schaeuble said in a newspaper interview Thursday.

EU warns migrant crisis could disrupt growth

Brussels - The EU warned on Thursday that any suspension of the bloc's Schengen passport-free zone due to Europe's worst migrant crisis since World War II could disrupt the eurozone's sluggish recovery.

Skirmishes in Athens as general strike sweeps Greece

Atenas - Thousands marched in Greece on Thursday as a crippling general strike against pension reforms swept the country, with hooded youths lobbing firebombs at riot police in scattered skirmishes in Athens.

Turkey has spent $9 bn on refugees: Erdogan

Santiago - Turkish President Recep Tayyip Erdogan said Monday his country has spent more than $9 billion on services for 2.5 million refugees from conflict-torn Syria and Iraq."Turkey has opened its doors without distinction to more than 2.

Australia PM sets elections for second half

Melbourne - A confident Australian Prime Minister Malcolm Turnbull on Friday said elections would be held between August and October but, after a period of political turmoil, warned he would not hand out sweeteners for voters.

Iran, France hail 'new relationship'

Paris - Iran's President Hassan Rouhani and his French counterpart Francois Hollande hailed a "new relationship" between their countries Thursday as the leader of the Islamic Republic visited Paris to seal a host of post-sanctions deals.

Rouhani ready to 'turn the page' in Iran-France relations

Paris - Iranian President Hassan Rouhani called Thursday for a new relationship with France as he met business leaders on a trip to Paris to revive economic ties after sanctions on his country were lifted.

Japan economy minister Amari quits over graft claims

Toukyo - Japan's economy minister Akira Amari said Thursday he was stepping down over graft allegations, dealing a major blow to Prime Minister Shinzo Abe who faces a key leadership vote later this year."Considering my responsibility as a member of parliament.....

Iranian president in France for deals bonanza

Paris - Iranian President Hassan Rouhani will on Thursday agree a host of commercial deals during a visit to France that offers the clearest demonstration yet of the Islamic Republic's post-sanctions buying power.

'Last chance' for Moldova after mass protests: PM

Bucharest - Moldova's new Prime Minister Pavel Filip said Tuesday that his government faces a "last chance" to regain public trust as the country a battles deep political crisis, calling for calm from protesters demanding his resignation.

Pope urges Iran to act for peace in Middle East

Vatican City - Pope Francis on Tuesday urged Iran to back peace efforts in the Middle East as the Islamic Republic's emergence from international isolation took a significant step forward with President Hassan Rouhani's first visit to the Vatican.

Rouhani pitches Iran as safest country in Middle East

Rome - President Hassan Rouhani on Tuesday described Iran as the safest and most stable country in the Middle East as he urged international investors to help modernise the country's sanctions-hit economy.

German small businesses ready to hire refugees: Survey

Frankfurt - More than half of small and medium-sized companies in Germany believe the mass migrant influx can help alleviate the country's shortage of qualified labour and most are willing to hire refugees, a survey revealed on Tuesday.

Rouhani in Rome as Iran comes in from the cold

Rome - Iran President Hassan Rouhani flew into Italy on Monday looking to reap the economic and political dividends from the lifting of international sanctions imposed over the Islamic Republic's nuclear programme.

Greece's Tsipras vows to implement pension reform at anniversary rally

Atenas - Leftwing Greek Prime Minister Alexis Tsipras, at a rally Sunday to mark a year in power, stood by a vow to overhaul the country's pension system despite fierce opposition.

Big dreams but little action for Manila's traffic nightmare

Manila - Web designer Maria Zurbano kisses her three-year-old daughter goodbye and sets out in the pre-dawn darkness for a torturous commute through the Philippine capital.

Iran to buy 114 Airbuses to revamp ageing fleet

Tehran - Iran said Sunday it will buy 114 Airbus planes to revitalise its ageing fleet, in the first major commercial deal announced since the lifting of sanctions under its nuclear agreement.

Iran, China vow tighter ties as Xi visits

Tehran - Iranian President Hassan Rouhani on Saturday hailed a "new chapter" in relations with China after talks with President Xi Jinping, who is touring the region to boost Beijing's economic influence.

New European police centre 'will help anti-terror coordination'

Davos - A new European counter-terrorism centre opening this month will improve information-sharing among national police forces whose performance is under scrutiny after the jihadist attacks in Paris in November, the director of Europol has told AFP.

Greece's Tsipras set to promise that Greek upturn is near

Atenas - He came to power vowing a debt revolution, but after a rollercoaster year of economic meltdown forcing him to abandon his election promises, a less bouncy but still charismatic Greek Prime Minister Alexis Tsipras is facing the music.

IMF's Lagarde says EU's passport-free area near breaking point

Davos - IMF chief Christine Lagarde said Saturday that the refugee crisis had pushed Europe to a "make or break" point and endangered the EU's cherished passport-free Schengen area.

Oreskovic: Pharma exec and political novice becomes Croatian PM

Zagreb - A pharmaceutical executive and political novice, Tihomir Oreskovic has become Croatia's premier after spending just a few years in the country and speaking only rusty Croatian, prompting some to question his credentials for the post.

Croatia MPs vote in new cabinet amid economic, migrant crises

Zagreb - Croatia's parliament late Friday approved a new centre-right government led by a political novice, who warned "difficult decisions" lie ahead as the EU's newest member struggles with meagre economic growth and an influx of refugees.

Venezuela lawmakers reject economic crisis plan

Caracas - Venezuelan opposition lawmakers on Friday rejected President Nicolas Maduro's bid to decree a state of economic emergency, deepening a political crisis in the oil-rich nation.
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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
Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / 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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UK - London: Occupy London, 2012
xpgomes9
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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A store advertising its sales
the justified sinner
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Republicans just can't seem to find it in themselves to share the nation's enthusiasm over the recovery.
Department of Labor
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Canberra: Bus Depot Markets.
Stephan Ridgway
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Berlin: "We are the Champions"
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Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
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millenials by the numbers
From http://blog.k12.com/
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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 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
US GDP  2010 to 2012
US GDP 2010 to 2012
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
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Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
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For sale sign
Diana Parkhouse