World + Economy

Latest News

  • After deep soul-searching in wake of millions of recalls, Toyota says it's ready to roll again
    After deep soul-searching in wake of millions of recalls, Toyota says it's ready to roll again The Canadian Press - 11 hours ago

    TOYOTA, Japan - After extended introspection at the world's biggest automaker, Toyota says it has put its massive recalls behind it and is preparing to re-engage its growth engine once again.

    After deep soul-searching in wake of millions of recalls, Toyota says it's ready to roll again

    TOYOTA, Japan - After extended introspection at the world's biggest automaker, Toyota says it has put its massive recalls behind it and is preparing to re-engage its growth engine once again.

  • Greece prepares reforms, eyes deal with euro zone next week Reuters - 11 hours ago

    Greece will present measures to boost tax revenues and encourage investors as part of a reforms list aimed at reaching a deal with lenders early next week to unlock aid, the government said on Thursday. …

    Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens

    Greece will present measures to boost tax revenues and encourage investors as part of a reforms list aimed at reaching a deal with lenders early next week to unlock aid, the government said on Thursday. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it would present …

  • Leaked Pacific trade pact draft shows investment carve-outs sought Reuters - 14 hours ago

    Australia's medicine subsidies, Canadian films and culture, and capital controls in Chile would be carved out from investment protection rules being negotiated in a Pacific trade pact, according to a draft …

    Australia's Trade Minister Robb speaks at a news conference at the end of the Trans Pacific Partnership TPP in Sydney

    Australia's medicine subsidies, Canadian films and culture, and capital controls in Chile would be carved out from investment protection rules being negotiated in a Pacific trade pact, according to a draft text released by Wikileaks on Wednesday. An investment chapter, dated Jan. 20, from the 12-nation Trans-Pacific Partnership …

  • Lower U.S. jobless claims suggest solidly improving labour market Reuters - 15 hours ago

    By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a healthy and expanding labour market. Initial …

    People enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York

    By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a healthy and expanding labour market. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 282,000 for the week ended March 21, the …

  • Euro zone lending dips in February, pointing to slow recovery in credit Reuters - 19 hours ago

    By Paul Carrel FRANKFURT (Reuters) - Lending to euro zone households and firms fell slightly in February, dashing expectations for the first rise in three years but pointing to a slow turnaround in credit …

    Various Euro banknotes lay next to various Swiss Franc notes in this picture illustration at a bank in Warsaw

    By Paul Carrel FRANKFURT (Reuters) - Lending to euro zone households and firms fell slightly in February, dashing expectations for the first rise in three years but pointing to a slow turnaround in credit supply that should support an economic recovery. Loans to the private sector fell by 0.1 percent on the year after …

  • France cuts 2015 deficit target, eyes economic recovery Reuters - 19 hours ago

    France cut its budget deficit target for this year on Thursday and said economic growth could beat the government's 1 percent forecast, after reporting a smaller-than-expected fiscal gap for 2014. Finance …

    Customers push shopping trolleys on an escalator at the Bercy shopping centre in Charenton Le Pont, near Paris

    France cut its budget deficit target for this year on Thursday and said economic growth could beat the government's 1 percent forecast, after reporting a smaller-than-expected fiscal gap for 2014. Finance Minister Michel Sapin said France, which has repeatedly missed its fiscal targets, is confident it will finally bring …

  • Greece fails in bid for early cash release, reforms awaited Reuters - Wed, 25 Mar, 2015 11:28 AM EDT

    BRUSSELS/ATHENS (Reuters) - Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens …

    A Greek national flag flutters as the parliament building is seen in the background in Athens

    BRUSSELS/ATHENS (Reuters) - Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform programme within days. Athens had appealed for the European Financial Stability Facility …

  • German business morale at eight-month high, pointing to strong first quarter Reuters - Wed, 25 Mar, 2015 5:41 AM EDT

    By Michelle Martin BERLIN (Reuters) - German business morale rose for the fifth month in a row in March, hitting its highest level since July 2014, a leading survey showed on Wednesday, in a sign that …

    A man looks at goods displayed at shop in central Athens

    By Michelle Martin BERLIN (Reuters) - German business morale rose for the fifth month in a row in March, hitting its highest level since July 2014, a leading survey showed on Wednesday, in a sign that Europe's largest economy powered full steam ahead in the first quarter of 2015. The Ifo survey showed German firms felt …

  • Greece risks running out of cash by April 20, scrambles on reforms Reuters - Tue, 24 Mar, 2015 3:25 PM EDT

    After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it will present a package of reforms to its euro zone partners by Monday in the hope of unlocking aid …

    People read newspaper headlines in Athens

    After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it will present a package of reforms to its euro zone partners by Monday in the hope of unlocking aid and avoiding a messy default. "It will be done at the latest by Monday," government spokesman Gabriel Sakellaridis told …

  • Greece to run out of cash by April 20 without fresh aid: source Reuters - Tue, 24 Mar, 2015 1:42 PM EDT

    Athens is scrambling to send a list of planned reforms to its European lenders in the coming days in the hope of unlocking fresh aid and averting bankruptcy. Specifically, Athens is hoping that if euro …

    A Greek national flag flutters as the parliament building is seen in the background in Athens

    Athens is scrambling to send a list of planned reforms to its European lenders in the coming days in the hope of unlocking fresh aid and averting bankruptcy. Specifically, Athens is hoping that if euro zone finance ministers approve the country's latest reforms list then that would allow for the return of about 1.9 billion …