Growth is picking up pace in most major rich nations but momentum is slowing or stable in emerging economies, the OECD said on Monday. Economic growth is accelerating in the United States, Britain and the eurozone, while it is above trend in Japan,…
Japan’s economy grew more than initially thought in the June quarter, revised data showed Monday, supplying more evidence of an economic recovery which is likely to clear the way for a hike in the nation’s sales tax. The growth figures, which come after…
At a high-tech factory in the world’s fastest growing auto production hub, industrial robots and white-suited workers put the finishing touches to hundreds of cars rolling off the assembly line each day. It could be a scene from Toyota City or Detroit…
Argentina has urged a US appeals court to reconsider an order for the country to pay in full holders of $1.47 billion in defaulted debt. In a petition filed Friday, Argentina pointed to “grave legal errors” in last month’s 2nd US Circuit Court of Appeals…
Greece’s prime minister said Saturday he was confident his country would return to growth in 2014 after a brutal six-year recession, and pledged to push for an easing of austerity measures. Antonis Samaras said international organisations were all predicting…
The takeover of US pork giant Smithfield Foods by China’s Shuanghui International Holdings has received approval from a key US national security review, the two companies announced. The high-level Committee on Foreign Investment in the United States…
The number of Americans receiving assistance from the Supplementary Nutrition Assistance Program (SNAP), more commonly known as food stamps, increased 0.26% in … Read more
A new study has examined the economic impact of when people condense themselves into cities rather than spread out in … Read more
The debate on minimum wage has been a popular one of late as fast food workers across the country seem … Read more
New orders for manufactured goods decreased 2.4% in July to $485.0 billion, the U.S. Census Bureau reports. This follows three … Read more
A tsunami generated by a massive earthquake off Alaska could cause major damage to California’s economy and force 750,000 people to evacuate, a report published Wednesday warned. One third of all boats in California’s marinas could be damaged or sunk…
Robin Wei is an interpreter and salesman for a Chinese copper smelter in Lubumbashi, Congo. Like most Chinese here, he lives a life separate from Congolese.(Jacob Kushner) Some 6,000 miles away from his home in China, Robin Wei awakes on a cot beneath…
Light weight vehicle sales for the month of August were at a seasonally adjusted annual rate of 16.09 million, Autodata … Read more
The Federal Reserve has just released its Beige Book, summarizing current economic conditions in the U.S. The opening section gives … Read more
Global smartphone sales are expected to top one billion in 2013, driven by low-cost handsets and gains in emerging markets, a research firm said Wednesday. International Data Corp said it sees the smartphone market growing 40 percent this year, and…