Papademos’ government also promised that it will not have to enact any further austerity cuts.
Monti has also already vowed to crack down on tax evasion and reform the country’s pension plans in an effort to ease Italy’s massive debt
Canada's public healthcare system is becoming too expensive but could offer better value without drastic cuts or abandoning its state-funded structure, one of the country's most influential economists said on Thursday.
The upper House of Parliament gave its endorsement to the new administration by a vote of 281 to 25.
Google, Facebook, Mozilla, Yahoo, Twitter, eBay, AOL, LinkedIn and Zynga wrote a joint letter to Congress, urging the House of Representatives to prevent the Stop Online Piracy Act from becoming law.
Monti has vowed to reduce debt, while seeking to maintain economic growth and social equity.
Several factors are at work in oil's latest push back above the psychologically-significant $100 per barrel level -- a price that U.S. motorists wince at.
The conflict between humanity and nature has never been as serious as it is today.
Ghana will raise spending by over 12 percent to tackle poverty in a 2012 election year but will keep finances in check with higher state revenues, President John Atta Mills' government pledged in a budget on Wednesday.
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday.
A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
The newspaper Corriere Della Serra described the new cabinet as being composed only of experts, no politicians.
Interestingly, overall unemployment among females -- now at 1.09 million -- is at a 23-year high.
Pressure eased on Europe's government debt market Wednesday, with Italian borrowing costs back below the 7 percent level viewed as unsustainable after the European Central Bank was seen buying up bonds.
The beaches affected by the New Zealand oil spill reopen on Wednesday.
Local governments in China had lent an astounding 10.7 trillion Yuan by of year-end 2010 – or about 27 percent of GDP for that year.
Lucas Papademos has insisted that remaining in the Eurozone is our only choice.
Is now a good time to consider the shares of American International Group (AIG)? And what, if anything, does AIG's stock price say about the U.S. economy?
The current economic rebound could be short-lived, given the continued strength of the yen currency, the global economic slowdown and the floods in Thailand.
The yield on Spain’s 10-year sovereign bonds rose just above the dangerous 6 percent level from 5.85 percent on Friday
Miners in Africa's top copper producer Zambia may have to scale down in the face of a move to raise royalties by the new government of President Michael Sata, the general manager of the country's chamber of mines said on Monday.
The tragedy of India is its political system. This admission by a minister captured the frustration of delegates at this week's India's World Economic Forum.
