http://www.mail.com/in-en/subjects/1370-economy.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/in-en/subjects/1370-economy.html http://www.mail.com/in-en/news/world/2109330-ethiopia-african-union-celebrates-50-years.html ADDIS ABABA, Ethiopia (AP) — The African Union on Saturday marked 50 years since the founding of a continentwide organization that helped liberate Africa from colonial masters and which now is trying to stay relevant on a continent regularly troubled by conflict. Opening a summit of the African Union in the Ethiopian capital, Addis Ababa, Ethiopian Prime ... Sat, 25 May 2013 13:34:39 GMT http://www.mail.com/in-en/news/world/2109330-ethiopia-african-union-celebrates-50-years.html 2013-05-25T13:34:39Z http://www.mail.com/in-en/news/world/2109316-jordan-king-extremism-grown-fat-conflict.html SOUTHERN SHUNEH, Jordan (AP) — Jordan's King Abdullah II said Saturday extremism has "grown fat" off of the longstanding conflict between Israel and the Palestinians. "Good faith talks must get going," Abdullah told the opening of a two-day meeting of the Geneva-based World Economic Forum on the shores of the Dead Sea, the lowest point on earth. He pointe... Sat, 25 May 2013 11:23:25 GMT http://www.mail.com/in-en/news/world/2109316-jordan-king-extremism-grown-fat-conflict.html 2013-05-25T11:23:25Z http://www.mail.com/in-en/news/world/2108246-venezuela-to-create-workers-militia.html CARACAS, Venezuela (AP) — 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 faces economic problems and political turmoil. President Nicolas Maduro gave few details about the militia, including how many members it would consist of, but said it would be par... Fri, 24 May 2013 19:25:58 GMT http://www.mail.com/in-en/news/world/2108246-venezuela-to-create-workers-militia.html 2013-05-24T19:25:58Z http://www.mail.com/in-en/business/markets/2107784-slovenia-adopts-debt-cap-to-stave-crisis.html LJUBLJANA, Slovenia (AP) — 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 need an international bailout. The 78-8 vote in the assembly approving the new measure means Slovenia's constitution will be changed to require that the government's budget be bala... Fri, 24 May 2013 17:28:06 GMT http://www.mail.com/in-en/business/markets/2107784-slovenia-adopts-debt-cap-to-stave-crisis.html 2013-05-24T17:28:06Z http://www.mail.com/in-en/business/markets/2107278-world-stocks-lower-big-sell-off.html MOSCOW (AP) — 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 could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's losses with a plunge of over 7 percent, seesawed throughout Friday before closing 0.9 percent hi... Fri, 24 May 2013 16:14:52 GMT http://www.mail.com/in-en/business/markets/2107278-world-stocks-lower-big-sell-off.html 2013-05-24T16:14:52Z http://www.mail.com/in-en/business/markets/2107864-china-switzerland-to-seal-free-trade-deal.html GENEVA (AP) — Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation — the first comprehensive agreement his country has reached with a major western economy. Li met with Swiss officials in Zurich on Friday to conclude three years of negotiations. In an op-ed published Thursday by Swiss newspaper Neue Zuercher Zeitun... Fri, 24 May 2013 15:50:25 GMT http://www.mail.com/in-en/business/markets/2107864-china-switzerland-to-seal-free-trade-deal.html 2013-05-24T15:50:25Z http://www.mail.com/in-en/business/economy/2107548-france-wont-force-companies-to-cap-executive-pay.html PARIS (AP) — The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy. Finance Minister Pierre Moscovici announced Friday that the government no longer plans to push for a law to cap executive salaries in the private sector. Instead, Moscovici told reporter... Fri, 24 May 2013 12:53:15 GMT http://www.mail.com/in-en/business/economy/2107548-france-wont-force-companies-to-cap-executive-pay.html 2013-05-24T12:53:15Z http://www.mail.com/in-en/business/economy/2107758-cyprus-ends-money-controls-2-foreign-banks.html NICOSIA, Cyprus (AP) — Cypriot authorities have lifted restrictions on money withdrawals and transfers for international clients of another two foreign banks active in the crisis-hit country. The Finance Ministry said Friday that limits no longer apply to Lebanon's Byblos Bank SAL and Jordan's Arab Jordan Investment Bank SA. This raises the number of exem... Fri, 24 May 2013 12:48:30 GMT http://www.mail.com/in-en/business/economy/2107758-cyprus-ends-money-controls-2-foreign-banks.html 2013-05-24T12:48:30Z http://www.mail.com/in-en/business/economy/2107284-oil-falls-94-weak-outlook-demand.html 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 oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, the Nymex contract fell as low as $92.91 after weak manufacturing data from... Fri, 24 May 2013 12:15:59 GMT http://www.mail.com/in-en/business/economy/2107284-oil-falls-94-weak-outlook-demand.html 2013-05-24T12:15:59Z http://www.mail.com/in-en/business/economy/2107586-polish-jobless-rate-falls-to-14-percent.html WARSAW, Poland (AP) — 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 jobs that open up in the warmer months. The figure, released Friday by the Central Statistical Office, comes as other economic indicators show the once-vibrant economy facing a sharp d... Fri, 24 May 2013 10:14:05 GMT http://www.mail.com/in-en/business/economy/2107586-polish-jobless-rate-falls-to-14-percent.html 2013-05-24T10:14:05Z http://www.mail.com/in-en/business/economy/2107336-german-business-confidence-unexpectedly-rebounds.html BERLIN (AP) — German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday. The Ifo think tank's confidence index rose to 105.7 points for May from 104.4 last month. The upturn followed two consecutive declines and bea... Fri, 24 May 2013 09:29:23 GMT http://www.mail.com/in-en/business/economy/2107336-german-business-confidence-unexpectedly-rebounds.html 2013-05-24T09:29:23Z http://www.mail.com/in-en/business/markets/2104518-asia-stock-markets-edge-up-big-sell-off.html BANGKOK (AP) — Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, bounced back a sizeable 2.8 percent to 14,892.57. South Korea's Kospi gaine... Fri, 24 May 2013 02:57:27 GMT http://www.mail.com/in-en/business/markets/2104518-asia-stock-markets-edge-up-big-sell-off.html 2013-05-24T02:57:27Z http://www.mail.com/in-en/business/economy/2105146-ecbs-draghi-imperative-to-set-up-bank-body.html FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for all. In the text of a speech to be delivered in London Thursday, Draghi said the new age... Thu, 23 May 2013 21:39:57 GMT http://www.mail.com/in-en/business/economy/2105146-ecbs-draghi-imperative-to-set-up-bank-body.html 2013-05-23T21:39:57Z http://www.mail.com/in-en/business/markets/2105322-greeks-to-tax-relief-until-budget-improves.html ATHENS, Greece (AP) — Greece's conservative-led government can't lower taxes before the public deficit falls further, the prime minister said Thursday, but he pledged to eventually slash the corporate tax rate to a flat 15 percent. Antonis Samaras made the promise at a meeting in Athens with Irish Prime Minister Enda Kenny, whose country holds the Europea... Thu, 23 May 2013 19:05:51 GMT http://www.mail.com/in-en/business/markets/2105322-greeks-to-tax-relief-until-budget-improves.html 2013-05-23T19:05:51Z http://www.mail.com/in-en/entertainment/music/2105268-la-scala-scales-productions-to-crisis.html MILAN (AP) — 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 Thursday. The program for next season announced by Stephane Lissner comprises 10 operas instead of the usual 13, and there will be just eight new productions among the 16 ballets and operas. Liss... Thu, 23 May 2013 16:43:56 GMT http://www.mail.com/in-en/entertainment/music/2105268-la-scala-scales-productions-to-crisis.html 2013-05-23T16:43:56Z http://www.mail.com/in-en/business/economy/2105692-portugal-adds-growth-plan-to-austerity-measures.html LISBON, Portugal (AP) — 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 national debt through austerity measures. Portugal pledged to cut its heavy debt load in return for a 78 billion euro ($101 billion) financial rescue two years ago. But tax hikes and p... Thu, 23 May 2013 16:36:04 GMT http://www.mail.com/in-en/business/economy/2105692-portugal-adds-growth-plan-to-austerity-measures.html 2013-05-23T16:36:04Z http://www.mail.com/in-en/business/economy/2104660-oil-to-93-chinese-recovery-concerns.html 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 months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil for July delivery was down 99 cents to $93.29 a barrel in electronic trading on the New York M... Thu, 23 May 2013 12:15:11 GMT http://www.mail.com/in-en/business/economy/2104660-oil-to-93-chinese-recovery-concerns.html 2013-05-23T12:15:11Z http://www.mail.com/in-en/business/markets/2104866-spain-pays-higher-interest-rates-bond-auction.html MADRID (AP) — 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 a sharp drop in global stock markets. Spain's borrowing costs have been falling for months as investors gained confidence in the government*s management of its finances and fears of a bailout rec... Thu, 23 May 2013 10:09:19 GMT http://www.mail.com/in-en/business/markets/2104866-spain-pays-higher-interest-rates-bond-auction.html 2013-05-23T10:09:19Z http://www.mail.com/in-en/business/markets/2102358-asia-stocks-china-factory-output-slips.html BANGKOK (AP) — 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. 2 economy is slowing. HSBC Corp. said its preliminary Purchasing Managers Index fell to a seven-month low of 49.6 in May from April's 50.4. Numbers below 50 indicate that activity is contracting. A... Thu, 23 May 2013 03:06:01 GMT http://www.mail.com/in-en/business/markets/2102358-asia-stocks-china-factory-output-slips.html 2013-05-23T03:06:01Z http://www.mail.com/in-en/news/world/2104140-report-crisis-stoking-anti-migrant-bias-europe.html NEW YORK (AP) — A top human rights group warned Wednesday that the plight of refugees and migrants fleeing wars and economic hardship is worsening in Europe as financial turmoil and austerity stokes bias against foreigners. In its annual global report on human rights, Amnesty International pointed to Greece's tough new immigration laws and Italy's deporta... Wed, 22 May 2013 23:44:06 GMT http://www.mail.com/in-en/news/world/2104140-report-crisis-stoking-anti-migrant-bias-europe.html 2013-05-22T23:44:06Z http://www.mail.com/in-en/business/markets/2102400-eu-steps-up-fight-tax-evasion-2013.html BRUSSELS (AP) — 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 end of the year. German Chancellor Angela Merkel hailed the agreement to set up an automatic exchange of bank information among the EU's tax authorities — which has been long resisted by Austri... Wed, 22 May 2013 18:48:33 GMT http://www.mail.com/in-en/business/markets/2102400-eu-steps-up-fight-tax-evasion-2013.html 2013-05-22T18:48:33Z http://www.mail.com/in-en/news/world/2102274-chinese-premier-visits-pakistan-praises-ties.html ISLAMABAD (AP) — China's premier signed economic agreements and praised Pakistan in glowing terms as he began a two-day visit Wednesday, underscoring the importance of the longstanding alliance to the two Asian powers. Premier Li Keqiang said "the tree of China-Pakistan friendship" was planted decades ago, nurtured by successive leaders and "is now exuber... Wed, 22 May 2013 16:11:20 GMT http://www.mail.com/in-en/news/world/2102274-chinese-premier-visits-pakistan-praises-ties.html 2013-05-22T16:11:20Z http://www.mail.com/in-en/news/world/2102410-kenyas-truth-report-killings-land-grabs-graft.html NAIROBI, Kenya (AP) — Kenya's president received a long-awaited Truth Justice and Reconciliation Commission report that names the president and his deputy as being among those suspected of planning and financing Kenya's 2007-08 postelection violence in which more than 1,000 people died and 600,000 were evicted from their homes. President Uhuru Kenyatta an... Wed, 22 May 2013 15:54:11 GMT http://www.mail.com/in-en/news/world/2102410-kenyas-truth-report-killings-land-grabs-graft.html 2013-05-22T15:54:11Z http://www.mail.com/in-en/business/economy/2102322-imf-calls-britain-to-growth.html LONDON (AP) — The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks. In a review of Britain's policies, which had been hotly anticipated after the IMF last month criticized the gove... Wed, 22 May 2013 15:33:00 GMT http://www.mail.com/in-en/business/economy/2102322-imf-calls-britain-to-growth.html 2013-05-22T15:33:00Z http://www.mail.com/in-en/news/world/2102718-african-union-celebrates-50th-year.html ADDIS ABABA, Ethiopia (AP) — African nations this week mark the 50th year since the founding of a continentwide organization that spearheaded efforts to liberate Africa from colonial masters. Now leaders want to map out the next 50 years of political and economic integration. Konjit Sinegiorgis was a young diplomat tasked with distributing documents to th... Wed, 22 May 2013 14:37:56 GMT http://www.mail.com/in-en/news/world/2102718-african-union-celebrates-50th-year.html 2013-05-22T14:37:56Z http://www.mail.com/in-en/news/world/2102680-richard-carrion-declares-ioc-presidential-bid.html LONDON (AP) — Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the world's troubled financial times and proposing to deploy IOC staff permanently in host cities to help organize the games. The 60-year-old Carrion, a banking executive who chairs the IOC financ... Wed, 22 May 2013 13:36:45 GMT http://www.mail.com/in-en/news/world/2102680-richard-carrion-declares-ioc-presidential-bid.html 2013-05-22T13:36:45Z http://www.mail.com/in-en/business/economy/2101906-oil-stays-96-crude-stocks-report-fed.html The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. By early afternoon in Europe, benchmark crude for July delivery was down 3 cents to $96.15 a barrel in electronic trading on the New York Mercantile Exchange. The June ... Wed, 22 May 2013 12:16:25 GMT http://www.mail.com/in-en/business/economy/2101906-oil-stays-96-crude-stocks-report-fed.html 2013-05-22T12:16:25Z http://www.mail.com/in-en/news/world/2101656-north-korea-sends-leaders-special-envoy-to-china.html PYONGYANG, North Korea (AP) — North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to China on Wednesday as Beijing faces pressure to rein in its belligerent neighbor. Choe Ryong Hae, a top Workers' Party official and a vice marshal tasked with supervising the North Korean military, departed on a chartered Air Koryo fligh... Wed, 22 May 2013 05:53:45 GMT http://www.mail.com/in-en/news/world/2101656-north-korea-sends-leaders-special-envoy-to-china.html 2013-05-22T05:53:45Z http://www.mail.com/in-en/news/asia/2100320-key-senator-to-myanmar-sanctions-bill-lapse.html WASHINGTON (AP) — Senate GOP leader Mitch McConnell, easing up on his long-held tough stance on Myanmar, said Tuesday he planned to allow key sanctions legislation against the Southeast Asian nation to lapse because of the country's progress toward democracy. McConnell, R-Ky., made the announcement after meeting with Myanmar President Thein Sein, who is m... Tue, 21 May 2013 22:10:55 GMT http://www.mail.com/in-en/news/asia/2100320-key-senator-to-myanmar-sanctions-bill-lapse.html 2013-05-21T22:10:55Z