The reduction showed policy makers recognized the need to put the economy on a more solid footing.
In Texas, the combination of rainfall and storm surges that accompany hurricanes could further flood rivers and bayous.
Garment workers still need stronger labor protections so they can form unions that bargain for wages and working conditions and raise safety concerns.
Days after his inauguration, Nigeria's anti-corruption president finds out officials at his central bank may have been crooked.
The data is likely to disappoint the European Central Bank.
China has cut import duties on certain products to encourage domestic consumption and spur growth. Luxury brands have followed with price cuts.
China's economy has sputtered this year and growth slowed to a six-year low of 7 percent in the first three months of the year.
More than a week of devastating rains claimed 30 lives in Texas and Oklahoma, and destroyed 4,000 properties.
Athens and its eurozone and International Monetary Fund (IMF) creditors have been locked in talks for months without luck on a deal.
Texas transportation officials expect the figure to rise as the state tallies damages from the past week.
Greece's government said this week it was looking for a deal by Sunday, but sources close to the talks at the so-called Brussels Group of EU/IMF creditors said that was unlikely.
Among Chinese companies attempting to diversify their revenue streams amid a slowing economy, the smartphone market probably isn't the way to go.
The story of a 31-year-old "digital kingpin," as prosecutors described him, is the subject of multiple book and movie projects.
The Greek debt crisis still hovers over markets, as Athens is again risking a default and exit from the eurozone.
A flooded apartment complex in San Marcos, Texas, points to the broader challenge cities face in balancing urban growth with floodplain risks.
The U.S. economy shrank in the first three months of the year, driven by a slowdown in shipping due to West Coast port disputes.
The economy appears poised for its worst first-half performance since 2011.
The Illinois Republican allegedly took out cash in certain amounts to avoid reporting requirements.
The Feds want Provident Funding Associates to set aside $9 million for discrimination victims.
After a volatile day of trading, U.S. stocks closed pretty much where they opened.
As new technologies blur work-life boundaries -- with emails and messages coming at all hours -- the U.S. Labor Department is taking note.
Internet giants Alibaba and Tencent square up in the country's new online banking sector, at the start of potentially far-reaching financial reforms.
By 2050, Africa will be the world’s youngest economic region, but capitalizing on this demographic wave requires planning.
Saudi Arabia will enter the next oil cartel meeting in a position of strength, touting its policy of keeping production levels high.
Chinese demand for illegal ivory isn't slowing, and 10,000 elephants in Mozambique have paid for it.
Prime Minister David Cameron's Conservative Party is divided over the plan.
The suspects are accused of stealing 1,168 artifacts from an archaeological site.
Officials are trying to stop antiquities smuggling, but may be digging themselves into a hole.
Chagas disease inflicts lifelong harm on 300,000 U.S. victims, but few American doctors are prepared to diagnose it.
Sub-Saharan African economies are on the rise, but the gains aren’t without risks.