The real number of unemployed in China is much more severe than statistics show after 670,000 small firms closed this year under pressure from the global financial crisis, an adviser to China's
The German government will pursue a new package of economic stimulus measures next year that will focus on infrastructure projects such as schools and roads, German Chancellor Angela Merkel said on Friday.
Zimbabwe's central bank has introduced a 10 billion Zimbabwe dollar banknote, worth $20 on the black market, to try to ease desperate cash shortages, state-run media said on Friday. Prices are doubling
Japan cut interest rates to just above zero on Friday and announced extra steps to ease a credit crunch that has ravaged companies worldwide and plunged leading economies — including its own
The dollar looked set on Friday for its biggest weekly decline since 1985 and world stocks fell as weak oil prices and concerns about the U.S. economy worried investors in the last
European stocks fell in morning trade on Friday as sinking oil prices were driving down heavyweight energy shares, while mining stocks came under pressure from profit worries. At 0928 GMT, the pan-European
The Cyprus House of Representatives, after a three-day debate, approved late Thursday the 2009 state budget, which provides for EUR7.3 bln in expenditure, up 10.6% compared to 2008, and revenue of EUR
The Autumn Eurobarometer shows that general attitudes of citizens towards the EU have, overall, remained stable while their perception of the economic situation and outlook was dramatically affected by the financial crisis.
The European Parliament plenary approved here today by a vast majority the EU 2009 budget. The level of payments is set at 116.096 billion euro which amounts to 0.894 percent of the
The Cypriot authorities will be receiving 7.6 million euros from the EU Solidarity Fund, towards covering damage caused by the drought in Cyprus. The European Parliament gave the go ahead for the
