President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild U.S. infrastructure with an initial $50 bln investment and prepared new business tax cuts. "We are
Greek Prime Minister George Papandreou reshuffled his cabinet early on Tuesday to try to better deal with the debt crisis and signalled he would stay the fiscal course by leaving his finance
British bank Barclays is to add up to 600 new jobs in Scotland where the financial services industry has been hit hard by the financial crisis. Barclays said on Monday it will
Farm aid should be reduced to about one third of the European Union's budget and spending could be shifted towards research and innovation, the EU's budget chief said on Monday. Budget Commissioner
Greek bank deposits shrank for a seventh straight month in July as consumers and businesses withdrew cash balances to cope with austerity or ship money abroad to shelter it from the country's
World stocks rose on Monday on hopes that the U.S. can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States
. Australian Labor Prime Minister Julia Gillard will know on Tuesday if she can form a new minority government with the support of three independents, ending more than two weeks of uncertainty
. Japan needs fiscal reform targets to tackle its massive debt but existing goals heavily influenced by bureaucrats should be reviewed, said an aide to the ruling party powerbroker challenging Prime Minister
Banks in the United Arab Emirates have been directed by the central bank to provide more frequent details of remittances to Iran, bankers said on Monday, in an apparent tightening of scrutiny
Sales of new cars in Britain fell 17.5% in August from a year ago, falling for the second consecutive month following the end of an incentive scheme to scrap old models, the
