Moody's warned Tuesday it could strip the U.S. of its coveted triple-A credit rating if Congress fails to produce a budget that will bring down the federal debt burden.
The homeless problem in Denmark is unlikely to ease anytime soon. Net unemployment is now at 4.7 percent, the highest level in six years. Labor Minister Mette Frederiksen warned that the unemployment rate will continue to climb into 2013.
Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.
French billionaire Bernard Arnault is seeking Belgian citizenship just as France's Socialist President Hollande sets out to raise taxes on the wealthy, raising fears about a mass exodus of French investors and jobs creators.
Economic problems have drastically lowered standards of living across the Palestinian territories, and Palestinian Prime Minister Salam Fayyad is facing heated criticism from the public. But, this weekend, President Mahmoud Abbas stepped up to defend Fayyad.
Romney, Ryan Defend Proposals, Yet Sidestep Specifics, In First Major Post-Convention Interviews [VIDEO]
Republican presidential candidate Mitt Romney and his running mate, Paul Ryan, defended their tax, economic, and health-care ideas while trying to direct a more precise attack on Democratic President Barack Obama during interviews on four of the major Sunday-morning television talk shows this weekend.
Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
Liberian Timber Wars Pit Poverty-Stricken Communities Against Secretive Big Loggers Given An Opening By The Government
Forests are extremely important to Liberians, who rely upon vast wooded areas for everything from building supplies and medicine to water protection and game habitats. Recently, a government program turned over these critical regions to big logging firms in a misguided attempt to provide income and revenue for hard-hit communities. Can Ellen Sirleaf Johnson's administration curtail what it began?
The week is chock-full with data releases, but the Federal Reserve's policy meeting on Sept. 12-13 will carry the most weight.
Greece's new coalition government has banned cabinet ministers from handing out jobs to family members, following a public backlash after the temporary head of parliament appointed his daughter to a civil servant post last month.
Germany is currently seeing better-than-predicted GDP growth, low unemployment, and steady prices. Surprisingly, economists say a recession is around the corner.
It's been three years since the Great Recession technically ended, and still, unemployed Americans are struggling to find work.
With both nominating conventions over, the release on Friday of a lackluster August jobs report underscores the dynamic underpinning a week's worth of lofty speechifying: this is either man's race.
The U.S. economy added a paltry 96,000 jobs last month, vastly fewer than economists were expecting. However, the fact that fewer Americans were seeking employment resulted in the unemployment rate falling to 8.1 percent.
The U.S. stock index futures point to a higher open Friday ahead of the Bureau of Labor Statistics' nonfarm payrolls and unemployment reports.
The 2012 campaign has focused on a myriad of social and ideological issues, with some smatterings of tax policy and truckloads of mudslinging. A new book argues voters should look past the obfuscation and consider what is best for their wallet. Its authors claim history has proven one thing: when it comes to economic success, the left has had the upper hand.
Charlotte will become Party Central Thursday night as the 2012 Democratic National Convention ends with President Barack Obama accepting his party's nomination following speeches by Vice President Joe Biden and Sen. John Kerry (D-MA).
An ADP report that private sector job creation topped analyst expectations by nearly a third has economists taking a second look at their, perhaps too negative, predictions, about what Friday's U.S. jobs report from the Labor Department will show.
Secretary Clinton's visit to East Timor was meant to be a show of support for Asia's newest democracy as it works to grow its economy and become a legitimate member of the Association of Southeast Asian Nations.
Surprisingly strong U.S. job creation last month is forcing some, though not all, analysts to adopt a more upbeat outlook for growth prospects in the world's largest economy.
Employment in the U.S. private sector increased by 201,000 jobs – a greater addition than originally forecast for the month of August, according to an ADP study released Thursday. Employment in the U.S. private sector increased by 201,000 jobs – a greater addition than originally forecast for the month of August, according to an ADP study released Thursday.
European Central Bank President Mario Draghi said Thursday the “euro is irreversible” and announced a new bond-buying plan “Outright Monetary Transactions,” or OMTs, aimed at lowering the struggling euro zone countries’ borrowing costs which would serve as a “fully effective backstop.”
The number of Americans filing new claims for jobless benefits fell last week to its lowest level in a month, an upbeat signal for a labor market that has struggled to create enough jobs.
Despite modest growth in the economy in the Palestinian territories, unemployment remains the highest in the region, and despair and frustration are growing among a very young population.
Yemen will receive $6.4 billion in foreign aid as it struggles to rebuild its economy following shaky political transition in the face of food and water shortages and ongoing internal conflicts with Al Qaeda militants in the south and Shiite insurgents in the north.
The stakes are high. Friday's August jobs report will be the last major data point for the Federal Reserve to consider ahead of the Sept. 12-13 FOMC meeting.
The U.S. stock index futures point to a higher open Thursday as investor sentiment was underpinned by the expectation that the European Central Bank would announce stimulus measures to ease the euro zone debt burden.
While the presidential candidates' plans to tackle unemployment, the national debt, health care reform, immigration, gay marriage and gun control might be the topics that have Main Street voters buzzing ahead of this year's election, a new report by the global equity research team at Standard & Poor's shows Wall Street investors have very different policy debates in mind.
The United States is getting ready to finalize a deal for $1 billion in debt relief for Egypt, a move that could set a new tone for Egypt-U.S. relations.
Asian shares and the euro eased Wednesday, with investors waiting for a European Central Bank meeting on Thursday and U.S. payrolls on Friday for signs of more action to counter European debt woes and support growth.