GDP

The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.

Nigerian authorities served Makoko residents with an eviction notice last week. They were given only 72 hours to leave their homes before demolition forces moved in.

Khartoum is willing to negotiate with South Sudan in order to further the talks in Addis Ababa. However, Sudanese Foreign Minister Ali Karti added that oil revenue-sharing negotiations will only start once rebel activity in the South Kordofan and Blue Nile states stops.

The Socialist French President has fallen out of favor with the well-to-do crowd. They're fleeing the country to escape a new tax system that threatens to dig deep into their assets.

Up until now, Obama has generally enjoyed broad popularity in India – a country he has long been linked to, both personally and professionally.

Not much is clear about Tony Blair's new role in South Sudan: Is it humanitarian or an investment? Can he change negative policies or will be grow Juba's stalled economy?

Asian stock markets mostly advanced Monday on speculation of further stimulus measures from China after Premier Wen Jiabao warned Sunday that the recovery in the world’s second largest economy was not stable.

Asian markets breathed a sigh of relief Friday as the Chinese GDP figures improved, contrary to what some had feared, and eased concerns of a sharper slowdown in the world's second largest economy. The second quarter economic data showed a sequential acceleration and pointed to a pick-up in growth in the second half of the year.

China's aging and diminishing population is not a surprise, but experts lament that little is being done to prepare society for its effects.

The euro zone will not disintegrate. Instead, there is a fifty-fifty chance of a split between the financially sound countries and economically weaker ones, the Economic Outlook Group said on Friday.

This summer, both Greece and Europe are between a rock and a hard place. Greece faces the possible prospect of domestic coalition collapse, or ouster from the euro zone; Europe’s leaders, an elongated repayment for their loans to Greece, or a Greece default.

China's report Friday that its economic activity grew in the second quarter much as expected reinforced expectations that the growth rate in the world's second-biggest economy will increase later this year.

India's trade deficit narrowed as imports dipped 13 percent in June. Exports fell 5.45 percent to $25.1 billion in the month while imports declined 13.46 percent to $35.3 billion, a senior official said Friday.

Asian stock markets advanced Friday as concerns over a sharper slowdown in the world's second largest economy eased after China reporting second quarter economic activity data in line with expectations.

The Asian Development Bank (ADB) cut its growth forecasts for developing Asia on Thursday, saying financial and economic problems in Europe and the United States had cut demand for exports, although Southeast Asia remained a bright spot. China's economy was expected to grow 8.2 percent this year and India's 6.5 percent, Kuroda said.

Most European markets rose Friday as investor sentiment turned positive on hope that China will announce stimulus measures after it reported that its economy continue to weaken.

China's gross domestic product growth slowed down in the second quarter to the lowest rate in three years, due to soft global demand official data released Friday show.

Asian markets were mixed Friday as investor remained watchful as China’s economy continued to slowdown indicating that the global economic condition is worsening.

Namibia is sending 148 wild animals overseas to Cuba, where they will become residents of the National Zoological Park outside of Havana.

Crude oil prices lowered slightly and hovered above $85 a barrel in Asian trade Thursday, as investors opted for caution ahead of the Chinese GDP data.

Newly released minutes of the U.S. Central bank's June 19-20 Federal Open Market Committee meeting were being taken by the stock market as indicating unwillingness to engage in further monetary easing.