WASHINGTON, Aug. 3 (Xinhua) -- Fostering a strong U.S. economy started with building a strong U.S. middle class, and economic fairness was critical to the nation's recovery, U.S. President Barack Obama said here on Friday. Speaking at the White House...
Political Bickering Threatens US Economy, Again During the debt ceiling debate, a popular newspaper portrayed leading politicians from the two parties as whining brats in diapers. Washington was nearly paralyzed by bickering as it tried to make tough...
Britain's economy is sinking further into recession, even more than analysts had projected. The British government said Wednesday its economy contracted seven-tenths of a percent in the April-to-June period, its worst quarter since the height of the...
The debt-ridden Spanish government and the country's troubled economy are the newest face of the European debt crisis. Stock markets across Asia, Europe and the United States plunged on Monday on fears that Madrid will need an international bailout a...
Iceland Turns Away from EU as Economy Recovers Four years ago, Icelanders were angry. Banks' emblems were burned in the street. People worried they would lose their houses, their savings. The country felt isolated. After 90 years of independence, Ice...
Analysts: Foreclosure Mess Hurts US, Global Economy Deborah Harris faces possible eviction from the home she has owned for the past 17 years, after failing to make some of her mortgage payments. Harris was a paramedic with Washington's fire departmen...
UNITED NATIONS, July 5 (Xinhua) -- Promoting steady recovery of world economy and ensuring adequate resources for development is crucial to international development cooperation, Li Baodong, Chinese permanent representative to the UN, said here on Th...
HONG KONG, July 1 (Xinhua) -- Hong Kong's new chief executive Leung Chun-ying Sunday said the new government will lead the city to develop the economy, improve people's livelihood, promote democracy and build a more prosperous, progressive and righte...
World's Economy Still Focused on Europe New reports out Friday show German business confidence declined in June. Chinese manufacturing continues to shrink. And the number of Americans applying for unemployment benefits hit a nine-month high. Expectat...
More Greeks Use Soup Kitchens as Economy Worsens It's just before lunchtime. Bowls of hot pasta are being made up for more than a hundred children. But this is not a school. It's a facility run by the municipality of Athens to feed those who can no l...
