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Euro hits 14-month high against the US dollar

The euro gained 2.9 percent against the dollar in January, its biggest jump since Oct. 2011, Bloomberg News reported.

Euro zone still waiting for its Marshall Plan

BRUSSELS — When European leaders agreed last summer on a "growth compact" designed to pump more than two hundred billion dollars into the euro zone economy, it was hailed as modern-day Marshall Plan. Seven months on, however, the money's still not moving and neither is the economy.

Triple-dip recession for the UK?

After the UK emerged from recession in the third quarter of 2012 with an Olympics-boosted 0.9 percent increase in gross domestic product, its GDP slipped again in the fourth quarter, falling 0.3 percent.

Japan: Taro Aso, deputy PM, 'sorry' for saying old people should 'hurry up and die'

Japan's deputy prime minister, Taro Aso, has been forced to apologize after suggesting that old people should "hurry up and die" to save the state the cost of providing them with medical care.

World unemployment to hit record high in 2013

The ILO predicts record unemployment worldwide, with East Asia, South Asia and Sub-Saharan Africa hit hardest.

Global unemployed will reach a record 200 million in 2013, UN report predicts

The number of global unemployed is expected to hit a record 200 million in 2013, according to a new report by UN jobs watchdog the International Labor Organization.

Is this a great country? Or what?

A pessimistic view of President Obama’s second term.
Obama 2nd termEnlarge
US President Barack Obama waves to supporters after his victory speech at McCormick Place on election night Nov. 6, 2012, in Chicago, Ill. The president was sworn in for his second term in office on Jan. 21, 2013, at the National Mall in Washington, D.C. (Chip Somodevilla/Getty Images)
It's not the enormous economic problems we face that are the real concern; it's the structural failings in our democracy that, together, make the road ahead so uncertain.
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Greece's blowout sale

ATHENS — Straddled with mammoth debts, Greece has begun one of the biggest fire-sales in history — Greek-style. Everything from police and tax agency headquarters in Athens to some of the most beautiful beaches on earth are now open for investment at bargain basement prices, as the government struggles to raise capital.

Fitch threatens to downgrade US over debt

Fitch threatens America's second credit rating downgrade in as many years.
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