China's rise has unsettled many Westerners, especially Americans who fear Chinese influence could overwhelm that of the U.S. As the U.S. struggles through economic recovery, will China seize its chance to lead the world?
By resigning, the president becomes eligible for an emergency election expected to take place May 6, and it opens the door to a challenge from opposition leader Tomislav Nikolic, who favors stronger ties with Russia.
Fresh figures on business activity and retail sales in the 17-member currency area reinforce earlier signs of recession, even as the European Central Bank left its main interest rate unchanged at an all-time low of 1 percent.
UK economy seems to be on the track to buck the trend in many other European countries where economic recovery continues to struggle.
U.S. employers created 209,000 jobs in March, slightly more than analysts expected but less than the previous month's figure, a report from Automatic Data Processing Inc., a private payrolls processor showed, on Wednesday.
She didn't mention the U.S. central bank's two previous rounds of bond-buying known as quantitative easing, but Lagarde stressed that past action by the Fed and European regulators helped keep growth strong and steady.
U.S. employers probably hired more than 200,000 workers for the fourth straight month in March, economists said in anticipation of a report this week, pointing to another strong performance in the labor market.
Ongoing fiscal troubles in the 17-state currency area have cut share prices of numerous European companies, making them attractive to suitors from abroad.
Unions, students and others have protested the proposed cuts by staging huge demonstrations in Barcelona, Madrid and other cities across the beleaguered country.
Stocks extended losses on Tuesday after minutes from the most recent meeting of the Federal Reserve's policy-setting committee showed the Fed appeared less keen to launch additional stimulus measures.
U.S. sales of autos surged in March as consumers decided to replace aging gas-guzzlers and take advantage of low interest rates, especially to buy fuel-efficient vehicles.
Unemployment in Spain, where more than half of young people are out of work, rose for the eight straight month in March to a fresh record high, adding to the risk of an economic contraction as the government struggles to cope with its ballooning public debt.
Jurre Hermans, an 11-year-old boy from the Netherlands, has astounded economists by offering a simple solution to the problem of Greek solvency in the European Union. He has been awarded a special mention for the prestigious Wolfson Economics Prize. Five shortlisted entrants have also been announced.
Spain's debt levels will jump to their highest since at least 1990 this year as the economy sinks into recession and borrowing costs rise.
The US stocks rose Monday on the back of strong manufacturing data, lifting Dow Jones Industrial Average to the highest level since 2007.
With an economy four to five times the size of Greece, a financial collapse and bailout of Spain would be unthinkable for Europe.
Unemployment in the euro zone grew to 10.8 percent in February, up from 10.7 percent in the prior month and the highest since the euro was adopted as a currency, Eurostat, the statistical arm of the European Commission, said Monday.
The unemployment rate in the eurozone increased to its highest level in 14 years in February, as the region’s faltering economic growth left more than 17 million people jobless in the month.
Australia is looking at recruiting American workforce to solve the acute shortage of skilled labor in the country's civil engineering sector. Australia has been facing severe workforce crunch, but the relatively good economic growth has further increased the demand for the workers.
Unemployment in the euro zone reached its highest level in almost 15 years in February, with more than 17 million people out of work, and economists said they expected job office queues to grow even longer later this year.
Casey Anthony, America's most hated mother, is still unemployed, but has been attending her school, according to her March probation report.
In a sense, a controversial radio talk show host, and former Fox News commentator, had it right: The United States could be headed for a major period of social unrest -- or worse -- but not for the reasons he stated.
