Economy

Cyprus drops limits on 8 more foreign banks
Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the ...
Italian Cabinet passes first economic measures
Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and ...
Greece faces slow, jobless recovery next year
Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three ...
Fitch downgrades Slovenia amid banking concerns
Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. It cut the ...
World stocks strong into the weekend
World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board ...
IMF says Cyprus at risk of even deeper recession
The IMF said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at ...
Czech, US cooperate in developing new reactors
The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation ...
Spain's king sheds luxury yacht as crisis bites
Spain's King Juan Carlos is getting rid of the luxury yacht he and his family used during holidays in an apparent belt-tightening measure as the ...
4-month strike at PSA Peugeot Citroen plant ends
A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant.
Oil gains to near $96 as investors eye US economy
The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy.
European car sales up for first time since 2011
The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker's ...
AP Moller-Maersk posts Q1 profit
Denmark's shipping and oil group A.P. Moller-Maersk says its first quarter earnings ticked up 13 percent to 9.5 billion kroner ($1.6 billion), partly ...
Cyprus may presell gas reserves to ease crisis
Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's ...
Merkel, Hollande at odds over Europe's way forward
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ...
NASA: New pump resolves big space station leak
An impromptu spacewalk over the weekend seems to have fixed a big ammonia leak at the International Space Station, NASA said Thursday. The "gusher" ...
Trump goes to court to oppose Scotland wind farm
American tycoon Donald Trump is taking legal action to challenge the Scottish government's decision to approve an offshore wind farm near his luxury ...
Global luxury goods sales slowing
Global sales of luxury goods are off to a slow start in 2013 and aren't expected to match the double-digit growth of the last three years, consultancy ...
Pope blasts "cult of money" that tyrannizes poor
Pope Francis has denounced the global financial system, blasting the "cult of money" that he says is tyrannizing the poor and turning humans into ...
Shell: large gas business in Nigeria shut
Royal Dutch Shell PLC says it has stopped delivering gas to Nigeria LNG, one of the world's largest sellers of liquefied natural gas, due to a ...
Ratings firm warns of economic slowdown in Russia
Russia faces harsh times ahead for its economy unless the government improves the country's poor investment climate and implements long-delayed ...
RBS to cut another 1,400 retail bank jobs in UK
Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years. The bank says the latest round of ...
Valtr Komarek, Czech leftist politician dies at 82
Valtr Komarek's son says the left-wing Czech politician and economist who helped overthrow the country's communist regime has died at age 82. His son ...
Oil falls below $94 a barrel amid high supplies
The price of oil slipped below $94 a barrel Thursday as traders digested discouraging economic data from the United States and Europe and U.S.
Iran, world powers to resume nuclear talks
Iran's chief nuclear negotiator says Tehran and the six world powers will resume talks on its nuclear program "in the near future." Saeed Jalili said ...