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Economy News

Fear of Boko Haram wrecks tourist business in Cameroon

Maroua - Tourists once flocked to the rugged far north of Cameroon for its wildlife and spectacular scenery, until cross-border raids by the Nigerian Islamist extremists of Boko Haram all but halted such visits.

Game on for Ukraine's video games makers despite conflict

Kiev - With empty pizza boxes and coffee cups littering the desks of bearded young programmers, Frogwares looks like any other successful video games company, even though this is not California, but Kiev.

Japan PM calls snap general election, delays tax hike

Toukyo - Prime Minister Shinzo Abe said Tuesday he was calling a snap general election and delaying an expected sales tax rise after figures showed Japan was in recession.

Abe set to call snap Japan poll, delay tax hike

Toukyo - Prime Minister Shinzo Abe is set later Tuesday to call a snap election and seek voters' endorsement for more economic reforms after Japan slipped into recession.

Greek police hurt in clashes with Athens protestors

Athens - Five policeman were injured in clashes with protestors in Athens as 18,000 took to the streets to mark the anniversary of a deadly student uprising that sparked Greece's return to democracy in the 1970s.

Fewer babies herald 'economic miracle' for Africa: UN

London - Fewer babies could mean an "economic miracle" for sub-Saharan Africa, with gains of $500 billion (400 billion euros) a year over three decades for the region, the UN Population Fund said Tuesday.

Over 30,000 march in Greece to remember student uprising

Athens - Some 32,000 people took to the streets of Greece on Monday to mark the 41st anniversary of a deadly student uprising that sparked the country's return to democracy in the 1970s.

'Show of force' as Australia tracks Russian ships

Brisbane - Australia said on Thursday it is tracking four Russian navy ships off its north coast, a move Prime Minister Tony Abbott said was a sign of Moscow's military assertiveness with relations strained after the downing of Flight MH17 in Ukraine.

Still no date for warship delivery to Russia: France

Paris - France's Defence Minister Jean-Yves Le Drian said Wednesday there was still no fixed date for the delivery of two Mistral-class warships to Russia.

EU's Juncker says no 'conflict of interest' over Luxembourg tax breaks

Brussels - European Commission head Jean-Claude Juncker said Wednesday he faced no conflict of interest in his new post over investigations into huge tax breaks agreed with top international firms when he was Luxembourg premier.

Pope urges G20 leaders not to forget the poor

Brisbane - Pope Francis has called on G20 leaders not to forget the poor, saying to do so would be "regrettable" as the heads of the world's most powerful economies prepare to meet in Australia.

Top EU court rules against 'welfare tourism'

Luxembourg - The EU's top court ruled Tuesday that member states do not have to pay welfare to EU citizens coming solely to claim benefits, offering some welcome relief to governments under fire from anti-EU parties on immigration.

'Did the gates of Hell open up in Moscow?' ask Russian noses

Moscow - A foul odour enveloped the Russian capital throughout the day on Monday, with concerned Muscovites flooding authorities with complaints and officials scrambling to locate the source of the stench.

Xi, Putin to 'harvest the fruits' of deepening ties

Bejing - Chinese President Xi Jinping and his Russian counterpart Vladimir Putin promised ever-closer cooperation Sunday as they met for the 10th time in less than two years.

EU ministers challenge Britain's victory claim on huge bill

Brussels - Britain declared victory after the EU agreed Friday to extend a deadline for a huge 2.1-billion-euro bill, but walked straight into a new row as other countries rejected its claims to have reduced the amount.

France vows firm support to Serbia on path to EU membership

Belgrade - During a rare official visit to Serbia, French Prime Minister Manuel Valls vowed Thursday to provide firm support to the Balkan country on its path towards European Union membership."Today Serbia is a candidate to join the European Union.

Conditions not met for warships delivery to Russia: French PM

Belgrade - French Prime Minister Manuel Valls said on Thursday that conditions have not yet been met for France to deliver two Mistral-class warships to Russia.

EU's Juncker: Cameron has 'problem' with other leaders

Brussels - New European Commission chief Jean-Claude Juncker stoked a bitter row between London and Brussels Wednesday, accusing Prime Minister David Cameron of having a "problem" with other EU leaders.

UN watchdog praises Uzbekistan for tentative progress on child labour

Tashkent - An expert with the International Labour Organisation praised major cotton exporter Uzbekistan for making tentative progress in moving to eliminate the worst forms of child labour.

Pressure grows on Spanish PM to tackle corruption

Madrid - Spanish Prime Minister Mariano Rajoy scrambled Wednesday to contain the fallout of a new graft scandal involving members of his conservative Popular Party which has outraged voters ahead of next year's general election.

Tax summit in Berlin aims to say goodbye to banking secrecy

Berlin - The finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion.

Gender equality at work more than 80 years off

Geneva - If you're waiting for gender equality in the workplace, be prepared to wait a long time.

Cameron vows to fight EU payment despite warning of fines

London - Prime Minister David Cameron on Monday brushed off an EU payment demand despite a warning from the European Commission that Britain faces fines if it does not pay up by December 1.

Billionaire Soros urges Europe to 'wake up' and save Ukraine

Paris - US billionaire investor George Soros warned Thursday that Europe's very existence was being threatened by Russia, in a scathing criticism of the EU's response to the Ukraine crisis.

New 'progressive' party? PM's bold suggestion to 'save' French left

Paris - France's prime minister called Wednesday for the creation of a new "progressive" party or alliance of parties, a bold move that would seek to plug divisions tearing the ruling Socialists apart.

EU's Juncker wins green light for 'last chance' team

Strasbourg - The EU's incoming chief executive Jean-Claude Juncker vowed Wednesday to seize the "last chance" for the bloc as his team of commissioners won parliamentary approval to start work on a stalling economy and foreign policy challenges.

China economic growth falls to five-year low of 7.3%, govt says

Beijing - China's gross domestic product expanded in the third quarter at its slowest pace since the depths of the global financial crisis, official data showed Tuesday, despite efforts to kickstart the world's second-largest economyThe 7.

Franco-German mini-summit to tackle growth, budget

Berlin - French and German ministers are due to meet Monday to discuss ways of boosting growth in Europe's two biggest economies, as Paris called on Berlin to step up investment.

Latin America's growing middle classes are restless

Montevideo - "Juan Middle Class" may be a cartoon, but the problems he faces -- expensive schools, crummy healthcare, ballooning grocery bills -- are all too real for millions of newly middle-class Latin Americans.

European stocks shaken by fears of return to crisis

London - European stocks closed mixed on Thursday, with German shares staging a late comeback after fears the eurozone could be heading toward a fresh crisis spread turmoil through markets for much of the day.London's benchmark FTSE 100 index ended down 0.
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Economy Image

Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
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Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
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Untitled
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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
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 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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 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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Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
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Berlin:  We are the Champions
Berlin: "We are the Champions"
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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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US GDP  2010 to 2012
US GDP 2010 to 2012
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The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
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For sale sign
For sale sign
Diana Parkhouse
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Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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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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UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
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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
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The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
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Republicans just can t seem to find it in themselves to share the nation s enthusiasm over the recov...
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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Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency
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Pudong  China s financial and commercial hub  situated in Shanghai.
Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
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