South Africa's National Planning Commission unveiled a plan on Friday to reduce unemployment and poverty plaguing Africa's biggest economy, but key elements may be blocked by a powerful union in a governing alliance with the ruling ANC.
Swaziland said on Friday it would delay paying civil servant salaries this month, a move prompted by a liquidity crisis that has already triggered unprecedented public protest in Africa's last absolute monarchy.
This spells more bad news for the ruling Socialist government which is likely facing a huge defeat at the hands of the opposition conservative Popular Party in the November 20 elections.
Despite the current global economic crisis -- which seems to have taken a relative stranglehold on Europe -- France has somehow managed to weather the storm. And, perhaps, thrive, if even just a bit.
Oil -- the lifeblood of the global economy and a critical factor in the growth of U.S. gross domestic product -- is set Friday to close its longest stretch of weekly gains in more than two years, a counterintuitive trend that belies certain economic fundamentals.
'Contagion' is the label financial markets use for the economic spread of the Greek crisis. For hundreds of people in an increasingly chaotic society, the word has a deadlier meaning.
The vote tally was 156 to 12 in favor of the austerity. However, opposition lawmakers largely abstained from voting.
Nigeria plans to change the base year for its gross domestic product (GDP) to 2008 from 1990, a move that could lead to a huge jump in the estimated size of Africa's second biggest economy, the national statistics chief said on Thursday.
South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path.
An erupting subsea volcano off the coast of the Canary Island of El Hierro is now just 225 feet from the surface.
The report suggests that African people are increasingly shifting to mobile communications because landline service is unreliable and too expensive.
The slowdown which began at the end of 2010 now looks more like a prolonged soft patch, the Commission said.
A key gauge of Japan's corporate capital spending fell more than expected in September and manufacturers expect a further drop this quarter as business confidence sags in the face of the strong yen and slowing global growth.
A new study predicts that global oil demand is likely to peak by 2020, with internal combustion engine efficiency and the increased use of alternate fuels contributing to the peak.
Too bad Greece never had a Tea Party. If it had, it wouldn't be in the mess it's in now. It wouldn't have become the beggar of Europe, eking out a living on the kindness of strangers.
Germany's wise men panel of economic advisers warned the European Central Bank it risks losing credibility by buying the bonds of heavily-indebted euro zone states, and that monetary and fiscal policy are becoming worryingly blurred.
The Greek nation has had a vastly different history and trajectory from the dominant countries of Western Europe.
The latest on travel to Thailand during the 2011 Bangkok flooding.
The roadmap to President Barack Obama's re-election could lie in the response to a question buried in a recent Suffolk University Poll.
We asked the prime minister to stand aside, Bossi told reporters outside parliament.
Greece, India, China and Thailand are home to the weakest national pension systems in the world.
Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
