The Group of Eight is losing relevance as faster-growing rivals like China and Brazil play a larger role managing the global economy, but it will still endure as a key forum for
Germany, France and Britain announced plans on Tuesday to introduce a bank levy to help meet the costs of the financial crisis, without waiting for a G20 summit this week, underscoring a
Greece will get through its fiscal crisis without having to restructure its debts, Finance Minister George Papaconstantinou said in a newspaper interview published on Wednesday. "We still have a credibility problem," Papaconstantinou
Spain does not have a problem with the premium investors demand to hold its debt over that issued by Germany, the benchmark sovereign issuer in Europe, Spain's economy minister said in a
French bank Credit Agricole pushed back profit targets for struggling Greek unit Emporiki on Tuesday and will take a 400 million euro ($536.7 million) write-down as Greece fights its debt load. Credit
British finance minister George Osborne produced the harshest budget in a generation on Tuesday, slashing spending, raising taxes and slapping a levy on banks in a drive to cut a record budget
South African President Jacob Zuma said on Tuesday he was confident the Soccer World Cup, hosted for the first time in Africa, will boost job creation and economic growth in his country.
China firmly supports measures by the euro zone and the International Monetary Fund to help Greece out of its debt crisis, Commerce Minister Chen Deming said on Tuesday. "As a member country
The European Commission is predicting an increase in unemployment in Cyprus during 2010, a report entitled “Monthly Labour Market Monitor June 2010” of the Employment, Social Affairs and Equal Opportunities Department of
Greece's state budget deficit shrank by 38.7 pct in the January-May period, compared with the corresponding period last year, a performance exceeding targets set by the Stability and Growth Program, official figures
