Reese ErlichApril 29, 2012 08:27

SIDI BOUZID, Tunisia — An angry crowd of protesters recently gathered in front of the Sidi Bouzid city hall, on the very spot where the Tunisian uprising began. They were protesting 19 percent unemployment and growing inflation. One of the demonstrators, Alawi Tahrir, said that economic conditions have not changed for most Tunisians since the uprising began in December 2010. “I have a master's degree in the English language, and I'm still unemployed after five years,” he said.

US, Canada lead G7 nations in economic recovery, says OECD

Alexander BesantMarch 29, 2012 21:26

The economies of the US and Canada will recover faster than their European counterpoints, said a new report by the Organization for Economic Cooperation and Development.

US, France & UK consider tapping emergency oil reserves

Luke BrowneMarch 28, 2012 12:53

Speculation about the release of oil stocks helped push the cost of benchmark Brent crude down on Wednesday, with prices dropping 1.3 percent to $123.93 in afternoon trading in London.

OECD chief: Europe needs "mother of all firewalls"

Luke BrowneMarch 27, 2012 11:27

Angel Gurría called for decisive action from the 17-member euro zone's finance ministers when they meet in Copenhagen on Friday.

The EU takes on the world

Paul AmesMarch 24, 2012 07:51

Faced with overwhelming international opposition however, it’s hard to see how the EU can emerge victorious in this battle. However worthy its ideals, Europe no longer has the economic or political clout to cajole emerging powerhouses into following its views.

Japan, China and South Korea in investment deal

Luke BrowneMarch 23, 2012 08:33

Japan’s foreign ministry said the agreement – which has been discussed for almost a decade and under negotiation since 2007 – would “add momentum” to work towards a trade deal.

China and Australia sign $31BN currency swap deal

Luke BrowneMarch 22, 2012 08:27

The agreement will allow for US$31.2 billion worth of local currencies to be exchanged between both countries’ central banks over three years, lowering costs for businesses.

Thomas MuchaMarch 21, 2012 16:00

So how stressed is the financial system?

Now there's a chart to see just how everyone is feeling out there.

Enlarge

Madeline Wilson from the National Gallery of Victoria mimics the scream from Edvard Munch's famous hand-coloured lithograph version of 'The Scream.' (William West/AFP/Getty Images)

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As everyone knows, there's been plenty of stress in the financial system since 2008 and the global financial and economic crisis.

But thanks to the Federal Reserve Bank of Cleveland (hooray for freshwater economists!) we've now got a graph to prove it.

The dependable bank has put together something called the Cleveland Financial Stress Index, which constantly monitors stress levels in an easy-to-digest graphic format.

Geir Haarde, ex-Iceland PM, on trial over financial crisis

Luke BrowneMarch 5, 2012 08:25

Haard is thought to be the world’s first politician to face criminal charges over the crisis, and faces up to two years in prison if found guilty.

Europeans agree to review size of bailout fund

Luke BrowneFebruary 27, 2012 12:23

The size of the fund would be “essential input” when G20 nations consider providing more resources to the IMF to assist the region, finance ministers and central bankers from leading economies said in their final communiqué after two days of meetings in Mexico City.