Economy

Economy

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  In Ethiopia, African Union celebrates 50 years

  The African Union on Saturday marked 50 years since the founding of a continentwide organization that helped liberate Africa from colonial masters and ... 

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  Jordan king says extremism 'grown fat' on conflict

  Jordan's King Abdullah II said Saturday extremism has "grown fat" off of the longstanding conflict between Israel and the Palestinians. "Good faith ... 

• Venezuela to create new workers militia

  Venezuela's president has ordered the creation of a new workers' militia to defend the country's "Bolivarian revolution" at a time when the government ... 

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  Slovenia adopts debt cap to stave off crisis

  Slovenia's parliament on Friday imposed a cap on public spending in an attempt to convince foreign investors that the small eurozone country will not ... 

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  World stocks lower after big sell-off

  World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve ... 

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  China, Switzerland to seal free trade deal

  Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation — the first comprehensive agreement his country has ... 

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  France won't force companies to cap executive pay

  The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the ... 

• Cyprus ends money controls on 2 more foreign banks

  Cypriot authorities have lifted restrictions on money withdrawals and transfers for international clients of another two foreign banks active in the ... 

• Oil falls below $94 on weak outlook for demand

  The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark ... 

• Polish jobless rate falls to 14 percent

  Government data show that Poland's jobless rate fell to 14 percent in April from 14.3 percent the month before, an improvement due largely to seasonal ... 

• German business confidence unexpectedly rebounds

  German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's ... 

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  Asia stock markets edge up after big sell-off

  Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve ... 

• ECB's Draghi: 'Imperative' to set up new bank body

  European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted ... 

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  Greeks to see no tax relief until budget improves

  Greece's conservative-led government can't lower taxes before the public deficit falls further, the prime minister said Thursday, but he pledged to ... 

• La Scala scales back on productions due to crisis

  La Scala has reduced the number of operas it will stage during the 2013-14 season due to Italy's economic crisis, the theater's general manager said ... 

• Portugal adds growth plan to austerity measures

  Portugal's government says it will offer tax breaks to investors as the bailed-out country looks for ways to spur growth while continuing to cut the ... 

• Oil down to near $93 on Chinese recovery concerns

  The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven ... 

• Spain pays higher interest rates in bond auction

  Spain has had to pay higher interest rates to auction off 4 billion euros ($5.2 billion) in governments bonds as financial markets were unnerved by ... 

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  Asia stocks down as China factory output slips

  Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 

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  Report: Crisis stoking anti-migrant bias in Europe

  A top human rights group warned Wednesday that the plight of refugees and migrants fleeing wars and economic hardship is worsening in Europe as ... 

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  EU steps up fight against tax evasion by end 2013

  The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the ... 

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  Chinese premier visits Pakistan, praises ties

  China's premier signed economic agreements and praised Pakistan in glowing terms as he began a two-day visit Wednesday, underscoring the importance ... 

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  Kenya's truth report: Killings, land grabs, graft

  Kenya's president received a long-awaited Truth Justice and Reconciliation Commission report that names the president and his deputy as being among ... 

• IMF calls on Britain to do more for growth

  The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up ... 

• African Union celebrates 50th year

  African nations this week mark the 50th year since the founding of a continentwide organization that spearheaded efforts to liberate Africa from ...