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Economy News

Op-Ed: Save or spend? The recovery dilemma

London - Over the last few years we've all been faced with a financial dilemma: save or spend? There's widespread awareness that debt caused the financial crash and if we don’t change our ways we could well be condemned to a life of poverty.

Putin urges Europeans to have 'common sense' over sanctions threat

Moscow - Russian President Vladimir Putin urged the EU on Monday to show "common sense" and not to engage in mutually destructive sanctions, in his first reaction to the threat of additional punitive measures over Ukraine."I hope that common sense will prevail....

'Blair-like' PM divides French Socialists

Paris - Splits in France's ruling Socialist Party, which sparked an emergency government reshuffle last week, continue to widen as members on the left flank snipe at a prime minister they see as attempting a "Tony Blair"-style lurch to the right.

Game of EU thrones nears finale

Brussels - The EU's "game of thrones" is nearing an end after the naming of a new president and diplomatic chief, with the rest of the incoming Brussels regime set to be decided in coming weeks.

Ebola-hit Liberia bans sailors from disembarking

Monrovia - Liberia on Saturday said it would deny permission for any crew to disembark from ships at the country's four seaports until the Ebola epidemic ravaging west Africa was under control.

Malaysia Airlines to slash 6,000 jobs in survival bid

Kuala Lumpur - Malaysia Airlines will slash 6,000 jobs, trim its route network, and replace its CEO under plans announced Friday to stave off bankruptcy after two air tragedies plunged the already troubled carrier deeper into crisis.

Support for Scottish independence growing, poll shows

Glasgow - Support for Scottish independence is increasing three weeks ahead of a referendum, a poll published Friday showed, amid attempts by British Prime Minister David Cameron to make the business case for retaining the union.

France's new economy minister sparks storm over '35-hour' law

Paris - France's new economy minister touched off a political storm Thursday, only one day into the job, with comments made before he was appointed about the controversial "35-hour" labour law.

Toxic chemicals hit North Korean workers in joint Kaesong complex

Seoul - Scores of North Korean workers employed by South Korean factories at a joint industrial complex have fallen sick after possible exposure to toxic chemicals, sparking criticism from Pyongyang, Seoul officials said Wednesday.

Ebola taking toll on west African economy

Monrovia - The worst-ever outbreak of the Ebola virus is taking a heavy toll on west Africa's economy as crops rot in the fields, mines are abandoned and goods cannot get to market.

Venezuela to fight food smugglers with fingerprint scans

Caracas - Venezuelan President Nicolas Maduro has announced plans to introduce fingerprint scanners at supermarkets in a bid to stop food smugglers he blames for the crippling shortages gripping the country.

Ukraine's economy minister announces resignation

Kiev - Ukraine's economy minister announced his resignation on Thursday following conflicts within the government on how to turn around the dire national economic situation.

Argentina to pay bondholders despite U.S. court ruling

Buenos Aires - Buenos Aires moved to pay bondholders domestically after a U.S. bank left it unable to do so, President Cristina Kirchner said.

Australia tycoon blasts Chinese government 'mongrels'

Sydney - Outspoken Australian tycoon Clive Palmer has labelled the Chinese government "mongrels" who "shoot their own people" in a televised tirade that was criticised by Canberra Tuesday as "hugely damaging".

Plucky Madagascar car maker hopes to shift up a gear

Antananarivo - When you next shop around for a new car, the chances are you will not buy a Karenjy.For a start, only a dozen are built each year, by hand, on the Indian Ocean island of Madagascar and none are exported outside the impoverished nation.

Venezuela seals border with Colombia to fight smuggling

San Crist - Venezuela closed its border with Colombia to crack down on smuggling of cut-rate gasoline and other products and stanch huge losses for the Caracas government.

Business growth in UK shows promise that economy is recovering

Data released shows a steady rise in the economy for the UK. With the news of economic growth in the UK and Europe, this could be a good time to get economic guidance to grow a business or begin a new business internationally.

Venezuela to close Colombia border at night to fight smuggling

Caracas - Venezuela will close its Colombia border at night starting Monday to combat smuggling of various Venezuelan products, including food and gasoline, officials said Saturday.

McDonalds China food scare puts business sales at risk

The McDonalds China issue proves how business scandals cause a domino effect involving other companies, their employees and society. It is important to have a capable sales team in cases when an emergency recovery is needed.

Russia retaliates against Western sanctions with food ban

Moscow - Russia retaliated against tough new Western sanctions on Thursday, banning most food imports from the United States and the European Union and threatening to block flights over its airspace.

EU reserves right to 'action' after Russia sanctions

Brussels - The European Union's executive warned on Thursday it was ready "to take action" over Russia's decision to restrict imports of EU food and agricultural products.

Russia announces 'full embargo' on most food from U.S., EU

Moscow - Russia is introducing a "full embargo" on most food imports from EU, US, and other Western countries that have imposed sanctions against Moscow over its policy on Ukraine, Prime Minister Dmitry Medvedev said Thursday.

Thousands of Russians stranded abroad after tour operator fails

Moscow - Russia is striving to bring back nearly 16,000 tourists stranded abroad after the latest in a string of travel companies failed amid strains over the crisis in Ukraine, tourism officials said Monday.

British EU exit better than status quo: London report

London - A report commissioned by London Mayor Boris Johnson has concluded that a British exit from the European Union would be better for the city than remaining in an unreformed EU.

Unclear whether sanctions can influence Russia

Brussels - No one doubts the latest EU and US economic sanctions on Russia will inflict significant costs, but whether they can force Moscow to reverse course in Ukraine is a completely different question.

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.

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.

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.

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.

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?
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Along with the closeout merchandise and surplus merchandise markets  the returned merchandise and li...
Along with the closeout merchandise and surplus merchandise markets, the returned merchandise and liquidation industry generates over $100 billion dollars in revenue annually.
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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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Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
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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
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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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Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
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UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
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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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UK: HM Treasury entrance
UK: HM Treasury entrance
HM Treasury
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Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
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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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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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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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 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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A store advertising its sales
A store advertising its sales
the justified sinner
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Berlin:  We are the Champions
Berlin: "We are the Champions"
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Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
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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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Untitled
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Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
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