Economy & Business

Protesters shout slogans during a demonstration against cuts in public education, in central Madrid, September 27, 2012.

Further Austerity Measures Specified in Spain's Budget

Deep cuts likely to agitate vocal, active demonstrators who have promised 'heated fall' More

Greece's Finance Minister Yannis Stournaras makes statements after a meeting with Greece's PM Antonis Samaras and the heads of the two junior coalition parties in Athens, Sept. 27, 2012. Stournaras says the heads of the three parties in the governing coal

Greece, Spain Seek More Austerity

Nearly a quarter of Spaniards are unemployed, jobless rate only slightly better in Greece More

A man changes fuel prices at a ConocoPhillips gas station in Little Rock, Ark. The price of oil fell to its lowest point in nearly two months. U.S. consumer confidence slow, encouraging, Sept. 26, 2012

US Economy Grew Weakly in Second Quarter

US economy grew slower than initially reported in the second quarter, as both consumers and businesses spent less than originally thought More

Sudan's President Omar al-Bashir, center-left, and South Sudan President Salva Kiir, right, celebrate the completion of a signing ceremony in Addis Ababa, Ethiopia, September 27, 2012.

Multimedia Sudans Reach Deal on Oil, Demilitarized Border

Presidents Omar al-Bashir, Salva Kiir reach agreements after four days of intense talks between their negotiating teams More

Protesters shout slogans during a demonstration outside Madrid's Parliament, September 26, 2012.

Greece, Spain Seek Further Austerity Steps

Citizens of Spain, Greece demonstrate in streets against budget cuts as nations finalize more stringent plans More


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Video Despite Sputtering Global Economy, Developing Nations' Growth Potential High

The International Monetary Fund hints it may cut global growth forecasts again next month when it updates its projections for the world economy. The global lending institution says worldwide growth is weaker than expected due to continuing uncertainty in Europe and the US. But while many agree the global recovery has been weak, some economists point to the rising number of automobiles in developing nations as a sign that the world's economy is moving in the right direction. Mil Arcega has more.

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