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Economy

Markets higher on good news from Europe, Japan
Positive economic news from the European Central Bank and Germany, combined with promises of more monetary easing in Japan, helped stock indexes in ...
AP Debate: Training needed to redesign job market
Training the youth for the challenges of a fast-changing world has to be central to any strategy to rebuild the job market following a financial ...
Berlusconi vows to cancel property tax on Day 1
Silvio Berlusconi is vowing to scrap Italy's property tax in his first Cabinet meeting if his coalition is elected, zeroing in on Italians' deep ...
ECB: banks to repay early $183 billion in loans
The first banks stepped forward Friday to make €137.2 billion ($183 billion) in early repayments on the European Central Bank's cheap, three-year ...
Economist: Euro crisis could erupt again this year
Is the euro crisis over? A leading U.S. economist says not by a long shot. Even as the head of the European Central Bank talked Friday of "positive ...
Greek subway staff end strike after police raid
Striking subway workers in Athens returned to the job Friday, hours after the Greek government used riot police to evacuate holdouts from a train ...
Spain extends special aid payments to jobless
The Spanish government says it will keep paying monthly benefits of up to €450 ($606) to long-term unemployed people until the jobless rate drops ...
Oil edges above $96 despite growing stockpiles
The price of oil edged above $96 per barrel Friday despite ample stockpiles of crude amid signs of growth in the world's two largest economies.
German business confidence up more than expected
German business confidence has increased more than expected this month as hopes rise that Europe's largest economy will quickly put behind it a weak ...
Portugal postpones sale of public broadcaster
Portugal's government is postponing its planned privatization of the public broadcaster after complaints from private channels that the advertising ...
Draghi: Reforms needed for growth
The President of the European Central Bank admits the renewed calm in the euro area's financial markets has yet to be reflected in the wider European ...
Compromise helps Dutch stay afloat in crisis
In the U.S., tax hikes have been the subject of partisan warfare that brought the country to the very edge of a "fiscal cliff." In southern Europe, ...
UK closer to recession as economy contracts in Q4
Britain's economy contracted by a worse-than-expected 0.3 percent in the last three months of 2012, raising the possibility that it might fall back ...
Kerry tackles questions on Iran, Syria, Hagel
President Barack Obama's nominee for secretary of state discussed Iran, Syria and other issues Thursday, while testifying at his confirmation hearing ...
Soros: Euro "here to stay," denounces austerity
Investor and philanthropist George Soros said Thursday the "euro is here to stay" but warned that complacency about the future of the 17-country ...
Buoyed by Obama, leaders press for climate action
Hurricanes, floods, droughts and a newly climate-conscious Barack Obama are helping boost efforts around the world to fight climate change.
Cameron: I don't want a country called Europe
British Prime Minister David Cameron wants nothing to do with a United States of Europe, an idea that's gaining currency as the countries that use the ...
Cyprus asks church for help with Russian loan
The leader of Cyprus' Orthodox Christian Church says the nation's cash-strapped government has asked him for help to persuade Russian authorities to ...
In Davos, examining the Arab Spring's mixed bag
The convulsions of the Arab world are taking center stage at this year's World Economic Forum gathering in Davos, where leaders and experts are much ...
Greek gov't forcing end to Athens metro strike
Greece's government announced emergency powers Thursday to force striking subway workers back to work, with those defying it risking dismissal, arrest ...
Brazil and EU want to retake stalled negotiations
Brazil and the European Union have agreed to resume stalled free trade negotiations between the EU and South America's Mercosur trade bloc.
Spanish unemployment jumps to record 26 pct
Spain's unemployment rate shot up to a record 26 percent in the fourth quarter of 2012, leaving almost six million people out of work, the National ...
Cyprus signs gas drilling deal with consortium
Cyprus signed a deal on Thursday allowing a consortium of foreign companies to drill for natural gas off the island's southern coast.
Slovenian PM to stay on despite coalition breakup
Slovenia's embattled prime minister refused to step down Thursday despite the breakup of his ruling coalition, saying an election now would hurt the ...