High oil prices affect politics, schools, jobs, public budgets and almost every industry. But current pressures could be augmented if war breaks out between Israel or the United States and Iran, with the result being a costly disruption in global supply.
Watchmaker Tag Heuer, squeezed by a cut in supplies from Swiss rival Swatch, said on Wednesday sourcing parts from Japanese peer Seiko will not tarnish its prized Swiss made tag.
Fredde and Mickan own a waterfront mansion in the Stockholm suburbs, hire Polish help and have endless cash to spend on state-of-the-art barbecues and designer labels.
British finance minister George Osborne cut the top rate of income tax while imposing new levies on the wealthy, in a political high wire act designed to rejig the burden of austerity without wavering on plans to erase a huge budget deficit.
Actor Robert De Niro has apologized for a racial joke he made at a New York fund-raising event on Monday, saying he didn't mean to offend anyone.
The British economy looks set to avoid a renewed recession and the recovery will pick up speed next year, finance minister George Osborne said in his budget statement on Wednesday.
The French president’s 2010 campaign seems reminiscent of the British election in 1979, when Conservative Margaret Thatcher fought to become the UK’s first Prime Minister.
Asia shares continued to fall amid lingering worries about China growth. In Japan, shares declined for the first time in six sessions.
Spike in public borrowing will test Chancellor's resolve as he prepares make-or-break budget statement
Republican presidential hopeful Mitt Romney has comfortable win over Rick Santorum in Illinois.
Robert De Niro was joking at an Obama fundraiser Monday night when he said America was not quite ready again for a white first lady, but Newt Gingrich is not laughing.
A good week for UK as Chancellor George Osborne sets stage for lively Budget debate.
The release of Chilean Q4 GDP data on Monday confirms that the economic slowdown in late 2011 was not as marked as many had initially feared according to Capital Economics.
Dozens of Occupy Wall Street protesters were arrested in Lower Manhattan's financial district in New York City late Saturday night during clashes with police on the movement's six-month anniversary.
Collapsing natural gas prices have yielded an unexpected boon for North Dakota's shale oil bonanza, easing a shortage of fracking crews that had tempered the biggest U.S. oil boom in a generation.
The head of the Federal Reserve's New York branch said the U.S. economy isn't in the clear yet, but recent data have been a bit more upbeat, giving investors renewed hope of a fresh round of quantitative easing.
To date, the 2012 Republican Party presidential-nomination process has been dominated by a faction that wants to nominate a conservative, but the least conservative candidate remains the GOP’s strongest: Mitt Romney.
Though the Swiss National Bank has pledged to maintain its extremely supportive policy stance keeping interest rates as close to zero as possible, the Swiss franc is much too high for exporters' comfort, according to Capital Economics.
Though there are signs of recovery, the debt crisis in the developed markets and rising oil prices add to the risk factors looming large over the global economy.
The current, unprecedented level of global youth unemployment has raised the risk of creating a lost generation, Nemat Shafik, deputy managing director of the International Monetary Fund, wrote in a blog post Thursday.
With massive debts to repay, Dublin was compelled to accept huge bailouts from the European Union and International Monetary Fund.
The euro zone may increase the lending capacity of its bailout funds to almost €700 billion, $914.6 billion, even as Spain faces increasing levels of debt, reports said Friday.
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