ECONOMY & MARKETS

The package will lead to a medium-term primary surplus of 3.5 percent, the European Commission said on Friday.

Though foreign firms like Maersk and Alibaba have piled on multibillion-dollar stock buybacks, U.S. companies lead by a mile.

Financial analysts differ on whether a lower-valued yuan will cool imports at a time when the government is seeking to promote them.

Critics say teaching hospitals should be more transparent in how they spend taxpayers' money.

British dairy farmers have been hit hard by a continentwide agricultural crisis caused in part by a sanctions war between the EU, the U.S. and Russia.

Gross domestic product expanded 0.8 percent from April to June, far above a forecast of a 0.8 percent contraction.

The People's Bank of China also dismissed speculation of a drop of 10 percent in the yuan as “groundless.”

China's decision to devalue the currency on Tuesday sparked fears of a "currency war" and roiled global financial markets.

"We hope this will make our products easier to sell,” a Wenzhou businessman says. But analysts say the benefits may be limited.

The layoffs will include 700 workers at Kraft's corporate headquarters in Northfield, Illinois, in a measure aimed at cutting $1.5 billion from the company's budget by 2017.

A $300 million undersea cable project aims to speed data between the New York and London financial hubs.

While American lawmakers cry foul over supposed currency manipulation, China is actually moving to align more with global free-market standards.

Widodo's choice of ministers defied expectations and may surprise critics who say he has not been the robust leader they had hoped for.

The yuan fell again Wednesday to a four-year low, triggering concerns of a currency war as other export-oriented economies rush to react to China's move.

China's central bank sought to reassure financial markets on Wednesday that it was not embarking on a steady depreciation.

The U.S. spent $34 billion in 2013 treating seniors injured in falls. A handful of programs aim to curb those calamities and cut the costs.

Illegal immigrants are “an annoying, consistent and expensive problem,” Bahamas Foreign Minister Fred Mitchell has said.

European finance ministers have agreed in theory to a $94 billion bailout package, but Greece is far from being in the clear.

Greece and its international lenders have agreed on a new bailout deal that would ensure the debt-riddled nation staves off bankruptcy.

China's central bank called the move a "one-off depreciation" necessary to "meet market needs."

A leading German think tank says the Greek crisis has already benefited Germany to the tune of 100 billion euros. The reason? Interest rates.

The steady rise is fueled primarily by population growth in Africa.

All operable commercial reactors in Japan are now subject to the Nuclear Regulation Authority's safety checks before they can resume operations.

The Greek government is hoping to finalize terms of a third bailout ahead of the Aug. 20 deadline to repay 3.4 billion euros ($3.7 billion) to the ECB.

"The current account is returning to levels seen around the 2007-2008 Lehman crisis," said Yuichiro Nagai, economist at Barclays Securities Japan.

The number of Americans living in high-poverty areas has almost doubled since 2000, with the problem most severe -- and worsening -- in the country's mid-size cities.

“I think that man absolutely affects the environment," says U.S. presidential hopeful John Kasich, although the extent of the effects is subject to "a legitimate debate."

Based on the balance between deflation and inflation, China’s authorities appear well-positioned to do even more in the way of economic and market stimulus.

Greece’s economy and finance ministers met with officials of the European Union and International Monetary Fund in Athens Saturday.