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Financial crisis

French finance chief hails easing off austerity
French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a ...
Spain, Italy team up to demand crisis relief
The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move ...
Trump to open Dubai golf course
Donald Trump plans to extend his golfing empire to the Middle East, opening a course in the desert outskirts of Dubai in the latest sign the emirate's ...
Creditors submit Portugal's austerity plan to test
Inspectors from Portugal's bailout creditors are returning to Lisbon to assess whether the government's latest austerity measures merit unblocking a ...
Seasonal jobs ease Spain unemployment in April
Spain's Labor Ministry says the number of people registered as unemployed fell by 46,050 in April with more people finding jobs in the run-up to the ...
Strong US jobs report triggers stock market rally
Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world's ...
EU predicts eurozone recession to continue in 2013
Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ...
Congressman, former lobbyist get housing, FCC nods
President Barack Obama acted Wednesday to fill two top regulatory posts, tapping a veteran Democratic congressman to lead the Federal Housing Finance ...
May Day strike disrupts transport in Greece
Ferry and train services in Greece have ground to a halt as unions hold a strike for May Day. And hundreds of people are gathering for planned rallies ...
ElBaradei: Egypt leader will need opposition help
Egypt's leading opposition leader Mohamed ElBaradei said Tuesday he believes the Islamist president will eventually be forced to reach out to the ...
IBM pulls the stock market out of a morning slump
News that IBM will buy back more stock and raise its dividend helped pull major stock indexes out of a morning slump Tuesday. IBM and other technology ...
New Italian premier urges EU to focus on growth
Italy's new prime minister called Tuesday for European countries to prioritize economic growth over debt reduction, adding his government believes ...
Cyprus parliament approves bailout
Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from ...
Pirate Party has electoral breakthrough in Iceland
Iceland, a nation of seafarers, has been stormed by pirates. They won't be forming the government, but online freedom advocates the Pirate Party were ...
Fed likely to stick with low-rate stance this week
A combination of scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep ...
Cyprus tries to make politicians more accountable
Cyprus' president and other politicians will have their immunity from prosecution significantly curbed as part of a package of new reforms aiming to ...
Australia tax revenue falls as mining boom cools
Australia's government said Monday that its tax revenue has continued to fall in recent months as company profits declined and the mining boom that ...
Greek bill opens way for civil service layoffs
Greece's Parliament approved an emergency bill Sunday to pave the way for thousands of public sector layoffs and free up 8.8 billion euros ($11.
Italian policemen shot near new gov't swearing-in
In the very moments Italy's new coalition government was being sworn in, ending months of political paralysis in a country hoping to revive a bleak ...
Iceland returns center-right parties to power
In a dramatic about-face, Icelandic voters have returned to power the center-right parties that led the national economy to collapse five years ago.
Iceland opposition poised to win general election
Five years after Iceland's economic collapse, early returns signaled that austerity-weary voters are favoring the return of a center-right, ...
Moody's, S&P settle lawsuits over debt ratings
Ratings agencies Standard & Poor's, Moody's and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that ...
Economic crisis sets back peace in divided Cyprus
When the barriers carving Cyprus in half were finally breached 10 years ago this week, Turkish Cypriot Fethi Akinci forged what some might consider ...
After near-stall in late 2012, US economy picks up
After nearly stalling in late 2012, the American economy quickened its pace early this year despite deep government cutbacks. The strongest consumer ...