Germany said on Thursday it was fully behind an EU-wide stimulus package aimed at pulling the bloc out of recession but insisted it would not follow others in "tossing around billions" to
Clouds of tear gas, flying stones and burnt out cars in Greek cities are stark reminders to outside investors of the sclerosis of Greek reform efforts and may even deter new businesses
Full national accounts data show that the slowdown in Cyprus was fairly broadbased in the third quarter of 2008 and that public spending prevented the economy from slowing further. On Wednesday the
European stocks fell and oil erased earlier gains on Thursday, hurt by uncertainty over a $14 billion rescue plan for U.S. automakers, while doubts about deep euro zone interest rate cuts boosted
The Swiss National Bank slashed interest rates by half a percentage point on Thursday, its fourth cut in two months, as it warned that a sharply worsening global climate would tip Switzerland
World oil demand growth will return in 2009 after shrinking this year for the first time since 1983 due to the global economic slowdown, the International Energy Agency (IEA) said on Thursday.
The "nasty" U.S. recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report released
An attack by Germany's finance minister on other European Union states for "tossing around billions" signalled Berlin will not agree to spend more to revive the EU's economy at a summit starting
Britain's top share index was 1.1 percent lower early on Thursday after mixed showings in Asia and on Wall Street overnight, with weakness in miners and financials countering gains by heavyweight oil
Britons' expectations of inflation in the coming year plunged in November from a record high three months previously, a Bank of England survey showed on Thursday. The BoE/GfK NOP Inflation Attitudes survey
