GDP

The IOU that is being laid on the doorsteps of U.S. taxpayers in the form of the national debt is far greater than most Americans realize. That's because the federal government does not report the true size of the national debt -- now nearly $80 trillion.

That massive pile of cash corporate America has been sitting on for years is shrinking, and the reason it's declining bodes well for the nation's economy.

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.

The helicopter crash that killed Kenyan Security Minister George Saitoti on Sunday morning was a foggy event in more ways than one.

The Index of Industrial Production for April rose just 0.1 percent, corroborating fears that economic slowdown will persist in the current quarter.

Political and economic decisions over the next week have serious consequences for the country's future.

EU officials have been keen to trumpet the latest euro zone Band-Aid as a triumph for collective action and an answer to critics who accused the group of acting too slowly and with not enough money in the past.

Credit rating agency Standard and Poor's (S&P) Monday said that India could lose its investment grade rating due to its weak GDP growth rate and political roadblocks to economic policymaking.

Google was targeted for unethical and anti-competitive business practices once again when a non-profit organization working on public interest issues filed a complaint against the search engine giant with the anti-trust body, Competition Commission of India (CCI), Friday. This comes at a time when Google India is already facing a formal probe on a similar complaint filed by an Indian matrimonial site.

Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country.

Stressing on the strengths of the Indian economy, Finance Minister Pranab Mukherjee said that the economy would bounce back in the current financial year as there was strong growth in the mining sector.

Spain's prime minister said Sunday that despite financial assistance of as much as ?100 billion ($125 billion) for the country's ailing financials sector, the euro zone's fourth-largest economy will continue to suffer from high unemployment and shrinking gross domestic product.

Clean energy advocates may be celebrating the decline of coal-fired power. But in the heart of Kentucky's Appalachia, ground zero for coal country, mining is essentially the economy. And there, no coal means no recovery

The Reserve Bank of India is expected to ease rates at the forthcoming mid-quarter review June 18 to lift constraints on lending as it seeks to tackle the shortage of cash in the banking sector and the slowing economy.

Japan's economy grew more than the initial estimate in the first three months of the year from the preceding quarter, indicating that the country is slowly regaining the growth momentum.

Punters in London pubs say the power station is cursed, but its latest purchase is far from extraordinary. The influx of Asian and Arab investors to England -- as well as to the United States, France, Greece and elsewhere -- is emblematic of the current economic state of the world.

Fitch Ratings on Friday downgraded Spain's long-term sovereign credit rating from A to BBB, just one notch from junk grade because of the increasing estimated cost of fixing the country's banking system from 3 percent of GDP to as much as 9 percent, or ?100 billion ($126 billion).

Singh wants the Indian economy to be humming along at 9 percent annual growth again.

In 2009, the Economist Intelligence Unit devised an acronym for six emerging countries, CIVETS, which includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These countries were categorized as the six countries with the best chance of high, long-term growth.

Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.

The outflow from India-focused funds reached an alarming rate in May amid concerns about the sharp fall of the Indian rupee against the dollar and sluggish policy reforms from the government, according to a report.