US jobless rate falls to 5-year low in November

The US unemployment rate fell to a five-year low of 7% in November, according to the US Labor Department.

Autumn statement 2013: UK economic growth upgraded

Britain's economy will grow 1.4% this year and 2.4% next year, chancellor George Osborne said on Thursday as he unveiled big upgrades from the government's independent forecasters, the Office for Budget Responsibility.

Draghi Says Europe No Japan as Crisis Spurs Price Cuts

Henar Fuentes held out the white cardigan sweater as if she wanted nothing more in the world. It was on sale for 8.45 euros ($11.44) at a Madrid boutique just a few minutes’ walk from the Puerta del Sol.

Australia Urged to Buy Carbon Credits for Cheaper Emission Curbs

Buying carbon credits near record low prices in global markets would cost-effectively ensure Australia meets its pledge to cut emissions by 5 percent, an industry group told the nation’s new government.

Biggest drop in savings for 40 years, Bank of England figures reveal

Bank figures show £23 billion taken out of long-term savings in past 12 months, equivalent to £900 for every UK household.

East African trade bloc approves monetary union deal

(Reuters) - The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.

Swiss economy to pick up steam in coming months, KOF shows

ZURICH: Switzerland's economy will pick up more steam in coming months, helped by domestic consumption and the euro zone's emergence from recession, the country's leading indicator showed on Friday.