Eurozone economic growth rate unexpectedly doubles

The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday showed that the 19-country single currency bloc expanded by a quarterly rate of 0.6 percent in t...

BoJ surprises as it holds off stimulus, delays inflation target

BoJ surprises as it holds off stimulus, delays inflation targetThe Bank of Japan shocked markets Thursday as it held fire on a fresh round of widely expected stimulus measures, sparking questions about whether it had anything left...

Oil prices in modest rebound

Oil prices rose Tuesday, rebounding slightly from sharp losses sparked by a report that Saudi Arabia was close to completing an oilfield expansion.Analysts said the gains, partly prompted by a slightly weaker dollar, would likely ...

Saudi to sell less than 5% of Aramco, create $2 trillion fund

RIYADH (AFP) -- Saudi Arabia will sell shares in state oil giant Aramco and set up the world‘s largest wealth fund under a long-term economic reform plan, the deputy crown prince said Monday. Prince Mohammed bin Salman said the ...

Exploding hoverboards on EU list of ‘made in China’ horrors

 BRUSSELS (AFP) - From exploding hoverboards to cancer-causing children‘s pyjamas, the EU on Monday warned of a tide of dangerous products for sale with most still coming from China. Brussels said it had issued 2,072 alerts on ...

[Newsmaker] Obama pushes for global trade deals in face of opposition

HANNOVER, Germany (AP) -- President Barack Obama mounted a strong defense of international trade deals Sunday in the face of domestic and foreign opposition, saying it‘s ``indisputable’‘ that such agreements strengthen the econ...

Abe says Japan will compile extra budget for Kumamoto earthquake

Japan’s Prime Minister Shinzo Abe said Sunday he will create an extra budget to address the economic damage caused by deadly earthquakes in Kumamoto earlier this month.Abe wants to pass the budget before the current parliamentary...

Obama says Brexit may mean 10-year wait for U.K. trade deal

President Barack Obama leaned in further on his warning to the British electorate against embracing a so-called Brexit from the European Union, saying it could take as long as 10 years before the U.K. and the U.S. negotiated a new...

[Newsmaker] 400th anniversary of Shakespeare's death

STRATFORD-UPON-AVON, England (AFP) -- Thousands of people from around the world descended upon William Shakespeare’s hometown Saturday for a day of theater, dancing and fireworks marking the 400th anniversary of the Bard’s death...

Japan's next generation of farmers could be robots

As the average age of farmers globally creeps higher and retirement looms, Japan has a solution: robots and driver-less tractors.The Group-of-Seven agriculture ministers meet in Japan’s northern prefecture of Niigata this weekend...

[Newsmaker] Saudi Arabia mixes oil policy with politics

After taking over defense and economic planning, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has now stamped his authority over oil policy.In so doing, the 30-year-old son of King Salman upended the Saudis’ decades-lo...

Rescuers race to find survivors from Ecuador's big quake

Rescuers are in a race against time to find survivors from a powerful 7.8-magnitude earthquake as the death toll from Ecuador's strongest earthquake in decades has risen above 400.    On Monday, teams from Ecuador and neighbori...

Texas floods kill at least five: report

Flooding in and around the US city of Houston has killed at least five people and prompted mass rescues, reports said.   With rain wreaking havoc in the Texas city -- the fourth most populous in the country -- Governor Greg Abbo...

Japan battles to care for 100,000 evacuees after quake

Japan on Monday enlisted US help to airlift supplies to some of the 100,000 people made homeless by earthquakes in the country's south, as rescuers struggled to find those still missing in a massive landslide.Many of those evacuat...

[Newsmaker] Lawmakers OK Rousseff impeachment trial

Brazilian lawmakers authorized impeachment proceedings against President Dilma Rousseff in a rowdy, circus-like showdown that plunged Latin America's biggest country into profound political crisis and sparked claims that democracy...