Major data releases aplenty are on the economic calendar next week. In the U.S., investors will focus on July retail sales, industrial production, and consumer prices. In the euro zone, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.
Evicting one of Europe's most marginalized groups may help Francois Hollande get back in France's good graces.
Kenya has thrown in a bid, along with Egypt and South Africa, to be the first African nation to host the Olympics in 2024. But the Kenyan economy might not be able to handle the financial burden.
In 2010, fifteen Nepali servants committed suicide in Lebanon due to gross abuses.
Pakistanis consume heroin valued at $1.2 billion every year.
The number of Americans lining up for new jobless benefits fell unexpectedly last week, the Labor Department said Thursday, suggesting that the battered labor market is healing.
Data compiled by the Congressional Research Service show that thousands of Americans making more than $1 million got unemployment benefits.
Despite most central banks slashing interest rates in 2009, there is still room for central banks to maneuver and stimulate their sluggish economies.
U.S. stock index futures point to a higher open Thursday ahead of the Labor Department's weekly jobless claims data and the Bureau of Economic Analysis' trade balance report.
Fannie Mae (OTC: FNMA), the largest government-controlled mortgage backer, reported its second consecutive quarterly profit for the first time in five years Wednesday, but its CEO said the company should cede business to private investors when the housing market finally recovers.
Kenya's parliamentary building has undergone a major renovation, worth millions of dollars. Meanwhile, about half the citizens live in poverty.
Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.
European markets fell Wednesday as investors remained concerned that there were no monetary easing measures from policymakers to boost the economy even after the increasing debt burden faced by the euro zone.
Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.
After rounding up over 6,000 suspected illegal immigrants over the weekend, Greek authorities announced that 1,600 will be deported.
Jamaica enjoys a stable political system but serious economic problems persist, as does violent crime
Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.
Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.
The Obama administration is starting to launch an initiative that could protect hundreds of thousands of undocumented immigrants from deportation, announcing on Friday that it would start accepting applications in mid-August.
U.S. stock index futures pointed to a mixed open Monday as investor worries about the weakening economy were alleviated following the recovery in the jobs data in July.
Asian stock markets rallied Monday as better-than-expected jobs data from the U.S. and optimism at European action to boost the faltering regional economy buoyed sentiment.
Asian markets rose Monday after the encouraging news from the U.S. that the economy was regaining momentum to a certain extent and that Greece was showing improvement in complying with bailout requirements.
