There's widespread agreement among the world's biggest countries that the current global financial and economic crises require global solutions. But as leaders from twenty of those countries gather this weekend in London, that may be about all they can agree on.
- During the go-go years of the late 1990s and early 2000s, Britain found itself at the center of the world’s economy. Conventional wisdom had it that The City — London's financial district — had surpassed Wall Street as the global money center.
China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that is accelerating recovery in the world's No. 3 economy.
European leaders ganged up Thursday against a favorite target - fat bonuses to bailed-out bankers.
As the world's love affair with raw fish depletes wild tuna populations, long-running efforts to breed the deep-sea fish from egg to adulthood may finally be bearing fruit.
The British government is likely to slug high earners with more taxes to pay the cost of economic recovery in a major budgetary report this week.
Dubai World, the indebted conglomerate at the heart of this sheikdom's credit problems, may sell off assets it acquired during a multiyear building and buying spree to raise cash.
Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup less than two years ago when the bank giant was strapped for cash.
A Stockholm department store removes a new line of North Korean-made designer jeans, saying it wants to avoid courting controversy through ties with the isolated communist nation.
Standard & Poor's says it has cut the ratings of six Dubai government-backed entities to junk status amid worries about the emirate's willingness to back its indebted companies.
The United Nations forecast Wednesday that the world economy will bounce back in 2010 with a global growth rate of 2.4 percent, but it warned that the recovery will be fragile.
The 16 nations that use the euro are Tuesday expected to agree deadlines for most of them to reduce budget deficits that are well above the EU budget rules that underpin their currency.
Mexico's central bank says the money migrants sent home fell nearly 36 percent in October compared to the same month last year. It's the largest drop since records began to be kept in 1996.
Gulf markets tumbled again, taking no comfort from Dubai World's plan to restructure about $26 billion of its estimated $59 billion in liabilities.
The Dubai government disclaimed responsibility for the debts of its Dubai World conglomerate on Monday.
Dubai's main stock exchange dropped nearly 6 percent on Monday, the first day of trading since officials went public with the city-state's huge debt crisis.
The United Arab Emirates' central bank said Sunday it would offer additional liquidity to banks, signaling a push by the federal government to reassure investors.
As world markets absorbed the shock of Dubai's debt crisis, the ruler of the city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi.
Anti-capitalism protesters smashed the windows of banks, shops and cafes in Geneva, Switzerland, and set cars on fire during a demonstration against the World Trade Organization.
For years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world's tallest tower and dreams that reached even higher.
Debt-burdened Dubai insisted that it took into account market fallout from its appeal to delay paying creditors, as global markets were dragged down for a second day Friday.
Asian markets tumbled Friday, with Hong Kong and S. Korea down about 5 percent, as fears grew over the fallout from Dubai's debt and the dollar continued its slide against the yen.
Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills.
Indian investigators have said the fraud at Satyam Computer Services, once India's fourth-largest software services firm, was at least $1 billion more than initially thought.
The international economy is still fragile to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday.
It is time to withdraw some of the policy measures that supported the financial system through the credit crunch, ECB President Jean-Claude Trichet says.
Hershey Co. has been working with Italian chocolate maker Ferrero Spa to craft a possible joint bid for Cadbury PLC, according to a published report.