Economy & Business

EU financial ministers pose for a group photo during a European economic and financial affairs council in Nicosia, Cyprus, Sept. 14, 2012.

Optimism Over Euro Crisis Eases Market Pressure

Despite good news from Spain and elsewhere, Greece remains in economic misery More

August 2: President Barack Obama signs the Budget Control Act of 2011 in the Oval Office. (Official White House Photo by Pete Souza)

White House: Budget Cuts 'Deeply Destructive'

Automatic spending cuts would take effect at the end of year if no agreement on budget More

Striking Lonmin Platinum miners gather in Marikana, South Africa, where a new wage offer was rejected, Sept. 14, 2012.

South African Striking Miners Reject Wage Offer

Meanwhile, government says it won’t tolerate any more violence or unrest More

A man walks past a stock quotation board outside a brokerage in Tokyo, Japan, September 14, 2012.

World Stock Indexes Jump on US Economic Boost

Markets in Asia, Europe surge as investors cheer central bank's aggressive action to boost sluggish American economy More

Pakistani Woman Succeeds as NY Chef

Fatima Ali, who got her break in a TV cooking competition, exemplifies how passion, commitment can change traditional mindsets More


More Economy & Business News

Italian Entrepreneurs Turn to Chinese for Help

Companies on the brink attract Chinese investment to stay afloat during economic crisis
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Backlash Greets India's Diesel Price Hike

Protestors demand a rollback of the price hike in diesel prices, which has long been subsidized to benefit the India's transport sector
More

Japan Unveils Plan to Phase Out Nuclear Energy by 2040

Announced plan represents a major shift in the government's stance on nuclear power, which once produced one-third of the resource-poor country's electricity
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China Warns Island Dispute Could Hurt Trade Ties

Calls growing for Chinese consumers to boycott Japanese goods and cancel travel plans to the country
More

Greeks to Hold General Strike September 26

Two main labor unions - both public, private - say action necessary against planned austerity measures
More

Striking S. African Mine Workers Urge Zuma to Act

Mine workers are refusing to return to work until their demands over low pay, working conditions are met
More

Zimbabwe Among African Nations Defaulting on IMF Loans

Report comes at a time when finance minister says he expects some clemency over country's $10 billion external debt
More

Pakistan Fires Prompt Calls for Better Laws

With more than 300 people killed in two separate factory fires Wednesday, activists decry lack of safety standards for workers
More

Business Video

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Video Italian Entrepreneurs Turn to Chinese for Help

The economic crisis in Europe is deeply felt in the Northern and more developed part of Italy, where entrepreneurs are suffering from a lack of credit and a decreasing number of customers. Businesses are seeking Chinese investment to overcome the crisis. Rebecca Valli spoke with an entrepreneur who has sold his half a century old company to a Chinese competitor.

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