Global Economy | GlobalPost

Yuan surge shows China isn't worried about economy

Katie Holliday, CNBCMay 3, 2013 13:18

A record high yuan has raised some eyebrows in the financial markets, as investors weigh the negative impact the strong currency would have on the Chinese economy, which lately seems to be hitting some road bumps in its recovery.

Feds investigating a Saudi compound in Virginia for possible human trafficking

Rebecca Baird-Remba, Business InsiderMay 2, 2013 13:50

Immigration officials are investigating a possible case of human trafficking at a home in McLean, Va., owned by the Saudi government, according to various media sources.

Austerity with a human face?

Paul AmesMay 2, 2013 06:01

BRUSSELS — "With nothing but austerity, Italy will die." Europe "is being battered by the selfish intransigence of Chancellor Merkel." It's time to fight unemployment caused by a "society that seeks selfish profit outside the bounds of social justice." Europe has become used to such slogans in countless street demonstrations against the German-inspired austerity policies that many now blame for the ongoing recession gripping much of the continent. In the past few days however, that disquiet has spread.

Was the last rhino in Mozambique killed?

Erin Conway-SmithMay 1, 2013 15:18

JOHANNESBURG — The last rhino in Mozambique has been killed by poachers. At least that's what the media would have you believe.

Greece holds 24-hour anti-austerity strike as Europe protests on May Day (PHOTOS)

Priyanka Boghani and Paul AmesMay 1, 2013 10:36

BRUSSELS — Four years into the euro zone's debt crisis there was anger but also resignation at the traditional May Day labor protests and rallies around Europe. In Greece, the day was marked by the 20th one-day strike since the start of the crisis. Trade unions called for "mass mobilization" of protesters, as a general strike shut down ferry services and transportation, and left hospitals with reduced staff on Wednesday.

Obama's Mexico trip: What they probably won't say, but should

Dudley AlthausApril 30, 2013 17:43

MEXICO CITY — More than the happy chatter — about trade, economic reforms and enduring friendships — what US President Barack Obama and Mexico's Enrique Peña Nieto don't say, at least publicly, may be more telling about their countries' close but often conflicted relationship.

Money can buy you happiness, new study finds

David TrifunovApril 30, 2013 16:05

University of Michigan team appears to disprove famous Easterlin Paradox that says you don't get happier after your needs are met.

Belfast after the Troubles

Corinne PurtillMay 1, 2013 06:00

BELFAST — People here say life in Belfast has transformed to a degree nearly unimaginable 15 years ago. But that’s not true for everyone: In the working-class neighborhoods that suffered the worst of the murders, bombings and violence, there’s a widespread perception that the real dividends of peace have paid out only for the advantaged few.

New Italian gov't led by PM Enrico Letta buoys markets

Paul Ames and Priyanka Boghani April 29, 2013 11:44

BRUSSELS — Italian Prime Minister Enrico Letta, who was sworn in on Sunday, seeks the backing of parliament in a confidence vote on Monday. Markets opened with relief Monday that Italy finally has a new government two months after the general election. The Milan stock index performed robustly Monday morning and Italy sold government bonds at its lowest rates since October 2010.

Spain's unemployment hits record 27 percent amid double-dip recession

Freya PetersenApril 25, 2013 06:53

Spain's unemployment rate climbed to a new record high of 27.16 percent in the first quarter of 2013.