Lack of economic stamina, investment and job creation is meant to push weaker euro country members towards further reform and budget correction. Those in the euro core mind little that recession woes are becoming a real prospect.
China has started its leadership transition. The successors Xi Jinping and Li Keqiang face the great challenges posed by the economic model they’ve inherited. Amid a severe economic slowdown, fresh figures released in October suggest that Chinese economy is nevertheless stabilizing.
BEIJING | New Chinese leadership will have to to engineer a new decade of reforms without endangering the livelihood of the Communist Party. Economic slowdown urges a new economic model that fosters domestic consumption and innovation with the goal to ensure sustainable growth.
New York correspondent Ana Fuentes explains just-reelected President Barack Obama his duties, at home and abroad. The (T) party is finished, it’s time to work.
From presseurop.eu | Debt-burdened Europe has stretched its diplomatic links to China authorities a never before. Whether the EU wants to tap its rich-in-cash economy or improve trade relations, Beijing seems to hold the strongest cards.
One week after Sandy, estimated costs have climbed to as much as $50 billion. Some New Yorkers start movement Occupy Sandy to help those in distress.
Brazil’s economy grew by 0.5% in the second quarter. According to market expectations, an upswing in activity as from the third quarter should come in but there will also be more pressure on prices, CaixaBank research notes.
Enric Fernández, in Barcelona | In spite of their differences, both candidates are aware that the country needs a credible adjustment plan. And, in fact, neither the United States nor the world economy can allow themselves to prolong, for too long, the uncertainty regarding the sustainability of the public finances of the world’s leading economy.
The US elections are surrounded by more uncertainty that ever before, and most of it comes from the Republican candidate. Mr Romney’s economic policies are an unknown-unknown.
Japan is slowing down and faces a second half of 2012 with weak activity, CaixaBank research shows. The fact that the nuclear switch-off will increase the cost of energy imports doesn’t help.