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Economy News

Pope hits out at financial speculators

Genoa - Pope Francis earned a rapturous reception on a visit to a struggling steel factory in northern Italy on Saturday as he denounced financial speculators and demanded dignity for working people.

Fifty years of Lagos. But what about the next 50?

Lagos - The Nigerian megacity of Lagos, with its 20 million inhabitants, is the biggest in sub-Saharan Africa and is celebrating its 50th anniversary.But how do those who have made their name in Lagos envisage the city in 50 years' time?

Lagos turns 50: half-a-century of urban chaos

Lagos - It's only when the thick smog of humidity and pollution lifts that the size of Lagos becomes clear: from above, the megacity of some 20 million people seems to stretch out to infinity.

Bordeaux pins hopes for ravaged vineyards on June bloom

Saint- - When a severe, unseasonal cold snap gripped Bordeaux vineyards in late April, winegrowers sprang into action. They set fires in thousands of oil drums, positioning them carefully between the rows of budding grapevines in southwest France.

Paris climate commitment 'crippling' to US growth: White House

Taormina - US compliance with its commitments under the Paris Agreement on climate change would be "crippling" to growth, the White House said Friday.

New business and old ties on agenda as Modi tours Europe

New Delhi - Indian Prime Minister Narendra Modi will depart Monday for a four-nation tour of Europe that will include strategic talks with historic ally Russia and with key trading partner Germany.

New business and old ties on agenda as Modi tours Europe

New Delhi - Indian Prime Minister Narendra Modi will depart Monday for a four-nation tour of Europe that will include strategic talks with historic ally Russia and with key trading partner Germany.

New business and old ties on agenda as Modi tours Europe

New Delhi - Indian Prime Minister Narendra Modi will depart Monday for a four-nation tour of Europe that will include strategic talks with historic ally Russia and with key trading partner Germany.

Moody's cuts China's rating on debt concerns

Bejing - Moody's ratings agency downgraded China's credit score on Wednesday, warning that economy-wide debt is expected to rise as potential economic growth slows over the coming years.

Hidden dragon: Cannes eyes elusive Chinese movie market

Cannes - Like an advancing army in a historical epic, the world's film studios are massing on the frontier of China's movie market, desperate to conquer the other side of the Great Wall.

Russia to lift some Turkey sanctions, tomato ban stays

Istanbul - Russia agreed Monday to lift some trade sanctions against Turkey imposed in the wake of the shooting down of a Russian warplane over the Turkish-Syrian border in 2015 but kept in place a contentious ban on tomatoes.

Eurozone fails to reach Greece debt deal amid IMF row

Brussels - Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece on Monday, as a row with the International Monetary Fund over debt relief dragged on.

Spain's labour reform delivers jobs but at a cost

Madrid - Spain's labour market reform has helped bring down sky-high unemployment but critics complain the bulk of the jobs it created offer lower salaries and less security.

No money to gamble at Zimbabwe's fading racecourse

Harare - Once the preserve of the ruling white minority, horse racing in Zimbabwe adapted to survive independence in 1980 by attracting a loyal following of local fans who enjoyed a bet.

Beijing's new weapon in economic war: Chinese tourists

Bejing - Slapping import bans on products like mangoes, coal and salmon has long been China's way of punishing countries that refuse to toe its political line.

Pacific Rim nations fight to save TPP trade pact

Hanoi - Asia-Pacific trade ministers agreed Sunday to attempt to resuscitate a massive free trade pact thrown into doubt by a Donald Trump-inspired US pullout, as fears rumble of a new global era of protectionism.

TPP members aim to revive deal after US pullout: source

Hanoi - Asia-Pacific nations will try to rescue a massive trade deal scuppered by the pullout of the United States, a source involved in discussions told AFP Friday, as delegates meet in Hanoi for key talks this weekend.

TPP members aim to revive deal after US pullout: source

Hanoi - Asia-Pacific nations will try to rescue a massive trade deal scuppered by the pullout of the United States, a source involved in discussions told AFP Friday, as delegates meet in Hanoi for key talks this weekend.

TPP members aim to revive deal after US pullout: source

Hanoi - Asia-Pacific nations will try to rescue a massive trade deal scuppered by the pullout of the United States, a source involved in discussions told AFP Friday, as delegates meet in Hanoi for key talks this weekend.

Greek parliament approves new austerity measures 

Atenas - The Greek parliament late Thursday adopted a new round of austerity cuts which the government hopes will secure a pledge of debt relief and loan disbursements by EU-IMF creditors this month.The bill entails 4.9 billion euros ($5.

Greek police fire tear gas as anti-austerity protest turns violent

Atenas - Greek police fired tear gas Thursday as a thousands-strong demonstration in Athens against new austerity cuts turned violent with some hooded youths throwing Molotov cocktails.

Last horsemen of Hunza: Pakistan Buzkashi game faces final whistle

Hunza - In a remote northern Pakistani valley surrounded by giant ice-capped peaks, villagers gather to watch a game of Buzkashi, an ancient equestrian sport once seen as a key test of virility that is now struggling for survival.

Ukraine shelves corruption bill angering West

Kiev - Ukrainian lawmakers bowed Wednesday to International Monetary Fund pressure and shelved a highly-controversial bill that critics feared would have defanged the former Soviet republic's vital fight against corruption.

Ukraine puts brakes on corruption bill angering West

Kiev - Ukraine's lawmakers Wednesday put the brakes on a bill that has triggered concern from its Western allies for hampering anti-corruption efforts in the graft-riddled former Soviet republic.

Merkel, Macron: the new power couple to shake up the EU

Brussels - Freshly elected French President Emmanuel Macron and German Chancellor Angela Merkel are the new power couple leading the charge against anti-European populists and trying to put the struggling EU back on track, analysts say.

China's Xi seeks to rewrite global trade rules as US retreats

Bejing - Chinese President Xi Jinping wants to rewrite world trade rules and cast himself as a champion of globalisation as he capitalises on a US retreat into "America First" policies, analysts say.But not everyone is buying the rhetoric.

China's Xi seeks to rewrite global trade rules as US retreats

Bejing - Chinese President Xi Jinping wants to rewrite world trade rules and cast himself as a champion of globalisation as he capitalises on a US retreat into "America First" policies, analysts say.But not everyone is buying the rhetoric.

China's Xi seeks to rewrite global trade rules as US retreats

Bejing - Chinese President Xi Jinping wants to rewrite world trade rules and cast himself as a champion of globalisation as he capitalises on a US retreat into "America First" policies, analysts say.But not everyone is buying the rhetoric.

Putin says Russia has nothing to do with cyberattack

Bejing - Russia had nothing to do with a massive global cyberattack, President Vladimir Putin said Monday, criticising the US intelligence community for creating the original software.

Haiti announces fuel price increases to help public finances

Port-au-prince - Haiti's government announced on Sunday fuel price increases of up to 20 percent in an effort to shore up the country's disastrous public finances.
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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
millenials by the numbers
millenials by the numbers
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UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
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The economic divide in Cabbagetown.
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
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The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
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Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
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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Along with the closeout merchandise and surplus merchandise markets, the returned merchandise and liquidation industry generates over $100 billion dollars in revenue annually.
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
UK: HM Treasury entrance
UK: HM Treasury entrance
HM Treasury
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
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
For sale sign
For sale sign
Diana Parkhouse
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"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin