Email
Password
Remember meForgot password?
    Log in with Twitter

Economy News

Venezuelan business leaders lambast Maduro's new banknotes

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.

Greece hails new post-bailout chapter but concerns remain

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.

Bitter pills: Erdogan's possible remedies for Turkey crisis

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.

Has the eurozone learned from its Greek odyssey?

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.

Embattled Tsipras seeks to steady ship after fire tragedy

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.

Ghana backpedalling out of banking crisis

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.

S. Africa land reform debate hots up as showdown looms

Vereeniging - "We live like sardines while white farmers live on hectares of land. Bring back our land!" declared Nthabiseng Tshivhenga, a black civil servant.

Venezuela on edge as Maduro unveils raft of economic reforms

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.

Erdogan vows Turkey will not be cowed by US

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.

Venezuela relaunches currency, analysts warn of worsened crisis

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.

Mexico's AMLO calls for referendum on thorny new airport

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.

Mexico will hold referendum on new airport: president-elect

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.

Lack of funding leaves world's roads in disrepair

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.

Turkey ready to respond if US imposes more sanctions

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.

Turkey will respond if US imposes more sanctions: minister

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.

Tesla shares tumble after Musk interview sparks fresh fears

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...

US threatens more Turkey sanctions if pastor not freed

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.

US threatens more Turkey sanctions if pastor not freed

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.

Gaza fisherman battles poverty with plastic bottle boat

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.

Qatar promises $15 bn investment in Turkey: presidency

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.

Qatar's emir travels to crisis-hit Turkey in show of support

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.

Turkey slaps retaliatory tariff hikes on key US products

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.

Nicaragua sharply cuts budget because of unrest

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.

Israel to reopen Gaza goods crossing Wednesday if calm maintained

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.

Foreign tourists get surprise bonanza from Turkey woes

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.

Erdogan says Turkey to boycott US electronic goods

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...

Maduro announces curbs to cheap gas in Venezuela

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.

Erdogan says Turkey to 'boycott' US electronic goods

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.

Erdogan accuses US of seeking to stab Turkey 'in the back'

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.

Teen pregnancy epidemic feeds Mozambique's population boom

- In the tiny maternity ward in Murrupelane, two 16-year-old mothers breast-feed their babies, both born that morning.
  1 2 3 4 5 6 ... 138 Next»

Set up a news alert for

Economy


Economy Image

Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
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
A store advertising its sales
A store advertising its sales
the justified sinner
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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
Hawaii: APEC 2011
Hawaii: APEC 2011
APEC
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
Berlin:  We are the Champions
Berlin: "We are the Champions"
UK: HM Treasury entrance
UK: HM Treasury entrance
HM Treasury
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"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
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
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
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
US GDP  2010 to 2012
US GDP 2010 to 2012
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
Occupy London: The piazza of St Paul’s Cathedral
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...
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
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014