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Economy

CETA: Delayed but not destroyed
The European Commission and Canada have been negotiating over the Comprehensive Economic Trade Agreement (CETA) for five years. Now Germany has decided to throw a spanner in the works.

30.09.2014 07:46

​£25bn cuts: Osborne lays out new austerity plan, working-age benefits 'freeze'
British Chancellor George Osborne has announced a huge new package of cuts totaling £25 billion, including one of the biggest squeezes on benefits in recent times, which will come into force if the Tories win next year’s election.

29.09.2014 13:13

'Lost decade': UK workers face real wages drop until 2017
Young people and the “squeezed middle” classes will face a fall in real wages beyond 2017, amounting to a “lost decade” despite signs of economic recovery, claims an economic forecaster.

29.09.2014 09:11

Brussels to announce mega-penalty against Apple over illegal Irish tax deals
The European Commission in Brussels is preparing to accuse the world’s biggest company of getting special treatment from the Irish government in exchange for creating jobs. It could result in a record fine of several billion euro.

29.09.2014 07:17

Legal weed is driving the homeless to Colorado in search of work in budding industry
​Residents of Colorado say homeless people continue to flock to the Rocky Mountain State in an attempt to find work in the local budding marijuana industry.

26.09.2014 19:26

Brits happier amid austerity? Experts doubt optimistic govt ‘wellbeing survey’
Brits are the happiest they've been since 2011 as a result of the UK's “improving economy”, a UK government report claims. But experts argue that austerity, public sector cuts and rising inequality are anything but a recipe for national wellbeing.

25.09.2014 14:55

EU ready to discuss revisions to Ukraine trade deal – Barroso
The EU says it is ready to discuss changes to its trade pact with Ukraine if Kiev asks for revisions. The statement came after Vladimir Putin sent a letter to the presidents of the European Commission and Ukraine, calling for changes to the deal.

26.09.2014 11:23

AfD: Is Germany witnessing a right turn?
People are sick of the status quo. But is the Alternative für Deutschland (AfD) the alternative it claims to be, or just a German Tea Party movement?

26.09.2014 10:07

Prostitution and drugs boost Spain’s GDP by €9bn
Prostitution, drug trafficking and other illegal activities have finally been included in Spain’s gross domestic product, boosting it by 9 billion euros according to the latest statistics.

26.09.2014 02:37

​30 euros a day keeps migrant away? Italians offered cash for sheltering refugees
A controversial plan to pay Italian families 30 euros for each migrant they agree to host, to improve “social integration” and ease pressure on refugee centers, has got backing from Rome’s Mayor. Critics describe the idea as an “insult to Italians.”

25.09.2014 22:54

Sanctions & weaker oil prices could cost Russia 4% of GDP – official
The geopolitical crisis in Ukraine could cut Russia’s balance of payments by the equivalent of 2% of GDP, and lower oil prices could knock off another 2%, Maksim Oreshkin, head of Russia’s Finance Ministry's strategic planning department, said.

25.09.2014 13:41

Ukraine is broke – and winter is coming…
Ukraine is broke, and that's the sad legacy of this year's tumult. The question now is: will its western “friends” and Russia save Kiev from the abyss?

24.09.2014 15:16

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