PARIS (AP) — Developed economies are staging a comeback after years of lagging growth, but a slowdown in emerging countries will keep global growth low this year, the Organization for Economic Cooperation and Development said Tuesday. In its interim assessment, the organization was more upbeat than it has been in …
We all know how democracy is supposed to work. Politicians are supposed to campaign on the issues, and an informed public is supposed to cast its votes based on those issues, with some allowance for the politicians’ perceived character and competence. We also all know that the reality falls far …
HONG KONG — The Indian rupee lurched to a record low against the dollar on Tuesday, shrugging off recent measures aimed at propping it up and underscoring the severe problems facing the economy as the country heads toward an election next year. The rupee has slumped nearly 15 percent since …
The sale of an idyllic Greek island owned for decades by the Onassis family has been thrown into doubt amid concerns that it contravenes the wishes of the late shipping tycoon Aristotle Onassis. Skorpios, a forested island surrounded by the crystal clear waters of the Ionian Sea, was sold last …
Take a look at this remarkable graph — is it the stock market? Home sales? Enlarge image National Chicken Council Nope. Click on the blue box in the lower right-hand corner and you’ll see that the blue line tracks the number of chicken wings that Americans bought at grocery …
(Reuters) – The United States will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017, the West’s energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency. The International Energy Agency (IEA) said it saw a continued fall …
(Reuters.com) – Employers are asking their executives to fly more but with smaller budgets, a new survey of aviation professionals has found. Aviation consultancy Ascend’s 2012 survey, which polled 624 frequent travellers in Europe and North America, suggests companies expect an average 1.5 percent increase in flights against an estimated …
A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study. The figure is equivalent to the size of the US and Japanese economies combined. The Price of Offshore Revisited was written by James Henry, a …
(Reuters) – Ireland has for months been telling its European partners that it can, with their help, deliver a rare good news story to the beleaguered continent, but it can’t change the narrative without better newsflow in the rest of the euro zone. Last week, it appeared help might be …
A legislative proposal to double the airline security tax is disappointing and shortsighted, an airline trade group charged last week, claiming that the higher ticket cost could severely hurt the industry as it rebounds from the recession. The reaction from Airlines for America, the Washington, D.C.-based trade group, came in …
The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December’s figure was revised up from 10.4% to 10.6%. There are now 16.9 million people out of work …
The gap between first class and coach has never been so wide. arriers on international flights are offering private suites for first-class passengers, three-star meals and personal service once found only on corporate jets. They provide massages before takeoff, whisk passengers through special customs lanes and drive them in a …