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Mixed signals for the global economyA flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan. Reports from the US More… |
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Jordan's king swears in new reformist govtJordan's King Abdullah swore in a reformist government on Saturday tasked with pushing through austerity measures required under a loan agreement with the International Monetary Fund. The ca More… |
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The age of austerity is endingWhisper it softly, but the age of government austerity is ending. It may seem an odd week to say this, what with the US government preparing for ind More… |
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Low growth seen for global markets in 2012An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert. The issues facin More… |
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As worst euro fears fade, US logjam loomsThe euro zone has stepped back from the brink of disaster for now, but the global economy could soon be staring into another abyss if US politicians fail to head off $600 billion in automatic austerity that all but guarantees a More… |
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Jordan approves steps to reduce deficitThe Jordanian cabinet approved an austerity package that includes plans to raise taxes on banks and mining firms but avoids controversial fuel and electricity price rises to hold down the rise in the budget deficit, officials said on Sunday. More… |
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EU crisis spells more pain for drugmakersDrugmakers are counting the cost of the deepening euro zone crisis, with further austerity-driven price cuts expected in important European markets, including Italy and France, said experts. Growing alarm at multiple government-imposed cut More… |
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Global economy 'may see seven lean years'German Finance Minister Wolfgang Schaeuble said the global economy may see "seven lean years" as a result of needed fiscal consolidation programmes, even as top US economists questioned the effectiveness of austerity measures. In a speech More… |
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Britain to slash welfare in austerity gambleBritain will take an axe to its welfare state on Wednesday as part of an 80 billion-pound ($125 billion) cut in public spending that could seal the fate of both the economy and the coalition government. After months of bitter negotiations, More… |
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Greece seals austerity deal with EU, IMFThe Greek government has agreed a package of austerity measures with the European Union and International Monetary Fund (IMF) that will free up billions of euros in aid, a senior government official said on Sunday. 'We agreed on the de More… |
