China’s fears grow over eurozone crisis

China has expressed deep alarm at the escalating crisis in Europe and warned against austerity overkill as Europe's crumbling demand sends shock waves through Asia.

Alternative Energy And Global Energy Security In Aftermath Of Rio+20

By Alexander Mirtchev, Contributor

 

“Life always gets harder toward the summit–the cold increases, the responsibility increases.” These words by Friedrich Nietzsche aptly characterize the atmosphere among global leaders at June’s international summits.

Emergency tax on rich could drive away wealth creators, warns George Osborne

George Osborne effectively ruled out Nick Clegg's plans for an emergency tax on the rich today claiming the government should be wary of driving away the wealth creators.

Spanish recession set to deepen as austerity bites

MADRID (Reuters) - The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, as the government moves closer to seeking a European rescue package.

Debt crisis: German business confidence slumps

Business confidence in Germany dropped to its lowest level in nearly two and a half years in August, as Europe's biggest economy increasingly feels the pain from the debt crisis, data showed Monday.

Merkel and Hollande sidestep Greece's plea for breathing space

Angela Merkel and Francois Hollande pledged to keep Greece in the eurozone, but offered Greece no immediate relief from its current regime of painful austerity measures.

US Federal Reserve Chairman Ben Bernanke says there's room for Fed to act further

WASHINGTON: US Federal Reserve Chairman Ben Bernanke makes clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and help reduce unemployment.