ARTICLES RELATING TO ECONOMY

Pope rails against economic dictatorship

2013-05-16 18:00

Pope Francis is calling for global financial reform along ethical lines and warned the world against the cult of money saying it has to serve and not rule.

Hollande troubled by France recession

2013-05-16 10:03

President Francois Hollande's nagging headache to reboot the French economy has turned into a migraine as the economy slipped into its second recession in four years.

Russia's favourite haven - Cyprus?

2013-05-15 13:16

Most notable among companies transferring money from the island's two main banks around the financial meltdown were Russians and East Europeans, documents show.

Obama set to renew focus on jobs

2013-05-09 13:12

US President Barack Obama is expected to put his focus back on economic growth after giving intensive attention to gun control laws and immigration reform.

Zuma: Over 100 SA firms in Nigeria

2013-05-07 17:23

More than 100 South African companies are doing business in Nigeria across several industries, President Jacob Zuma says.

Jonathan: SA, Nigeria must work together

2013-05-07 16:34

Nigerian President Goodluck Jonathan says it is imperative that Africa's two biggest economies work together for the good of the continent, otherwise both will be considered failures.

SA, Nigeria set to rev up trade

2013-05-05 15:49

President Jacob Zuma and Nigerian President Goodluck Jonathan are expected to discuss ways of improving trade and economic relations between the two countries.

Meetings of minds

2013-04-28 10:23

Ian Man on what differentiates "nearly" from “really" meetings.

Investors cheer as Italy elects president

2013-04-22 13:23

Financial markets have edged higher after the re-election of Giorgio Napolitano which suggests that parties may be nearing a deal to stabilise the government.

Weak global economy key concern

2013-04-19 12:26

Advanced and developing countries have voiced their worries over fragile global growth, eurozone stagnation and the swamp of excess monetary liquidity.

Do more with boom, UN tells Mozambique

2013-04-16 19:20

Mozambique is set to be Africa's fastest growing economy this year, but the UN has urged the government to do more with the country's natural resource boom.

WTO warns growth in trade to shrink

2013-04-10 13:53

The World Trade Organisation says global commerce is set to grow by 3.3% this year as persistent gloom in Europe led it to cut a previous forecast of 4.5%.

Couple suicide blamed on economic woes

2013-04-05 20:35

An Italian couple in their 60s, overwhelmed by crushing financial difficulties and unable to pay their rent, have committed suicide by hanging.

Zim, SA's love-hate affair

2013-04-05 13:06

Zimbabwe's trade relations with South Africa are rife with ambiguities, says Malcom Sharara.

Obama to return 5% of salary in solidarity

2013-04-04 09:06

President Barack Obama will return 5% of his salary to the US Treasury in a show of solidarity with federal workers hurting from $85bn in government-wide spending cuts.

Zimbabwe's paradox

2013-04-03 10:03

Why is such an unfree economy growing so fast, asks Malcom Sharara.

Cyprus launches probe into financial ruin

2013-04-02 12:04

Cyprus authorities have launched a judicial probe into how the island was pushed to the verge of bankruptcy before having to agree a crippling eurozone bailout.

Obama to unveil budget on April 10

2013-03-28 20:06

US President Barack Obama will unveil his long-awaited 2014 budget on April 10, two months after he was required by law to do so, the White House says.

Egypt seeks help as credit crunch bites

2013-03-28 19:44

The Egyptian government is forced to call in diplomatic favours, fearing food shortages and growing protests, as it struggles to meet demand for diesel and gas.

Tanzania eyes 7% growth

2013-03-28 17:20

Tanzania plans to raise spending by 17% in 2013/14 to $11bn with a focus on infrastructure projects, and aims to lift growth to 7% in 2013.

Kerry proposes US-EU free trade zone

2013-03-27 16:02

US Secretary of State John Kerry says a proposed US-EU free trade zone could help Europe emerge from the economic crisis and has played down fears it would hit the farm sector.

Cyprus banks stay shut

2013-03-26 07:50

Cyprus has reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's €10bn bailout deal.

Cypriots see little hope in bailout

2013-03-25 16:53

Cypriots, reeling from news an EU-led bailout clinched will close one major bank and cream off money from private deposits at another, hold out little hope their economy will be saved.

Welfare cuts hit the hungry in Hungary

2013-03-25 12:42

With cuts to social spending and laws that target the homeless, austerity measures in Hungary are hitting people already living in poverty the hardest.

 

Venezuela running out of toilet paper

2013-05-16 12:00

Already short of some foods, Venezuela is now facing a toilet paper crisis, government says.

Germany narrowly scrapes by recession

2013-05-15 15:56

The German economy got off to an unexpectedly weak start this year, as it battled sagging exports and weak investment, official data shows.

Spain commemorates Occupy protests

2013-05-13 08:06

Thousands of people have been demonstrating in 12 Spanish cities to commemorate the second anniversary of the Occupy protest movement.

'Money drives SA to act when unrest hits'

2013-05-08 20:13

Business interests play a vital role in determining South Africa’s interventions in conflict-stricken African states, an industry expert says.

SA, Nigeria forum hailed as historic

2013-05-07 17:16

Powerhouses South Africa and Nigeria have pledged to worker closer together after signing nine pacts covering oil and gas, power, defence and communication.

Crisis sees rise in German immigration

2013-05-07 15:01

An influx of people from crisis-hit southern European countries like Spain, Italy and Greece has led to the biggest surge in German immigration in nearly 20 years.

Zimbabwe lures foreign investors

2013-05-03 18:28

After shunning Zimbabwe during its years of hyperinflation and political strife, foreign investors are finding the country increasingly attractive.

Cyprus parliament approves €10bn bailout

2013-04-30 19:36

Cyprus's parliament has accepted a €10bn EU bailout, which includes substantial losses on bank depositors and winding down one of the island's biggest banks.

Iceland bank debt write-down inevitable

2013-04-24 08:03

Iceland's recovery from economic collapse has been much weaker than the government proclaims, and a major debt write-down will be needed before currency controls can be lifted.

Debt levels on tap at G20

2013-04-19 12:37

G20 finance leaders are set to debate specific targets for reining in debt and the dangers of easing monetary policy from the world's biggest central banks.

Carnival set to boost Zim tourist tally

2013-04-17 10:23

Zimbabwe expects to attract over 800 foreign tourists with its international carnival, with 14 countries already registered for the event.

London sex workers feel the recession

2013-04-12 16:03

Sex workers in London are being forced to slash prices they charge clients because of the impact of the recession on the British economy, putting themselves at greater risk of attack, says a report.

EU's fight against tax havens a challenge

2013-04-10 10:00

Tax fraud by top French politician, Jerome Cahuzac, has highlighted the lack of mechanisms that automatically and systematically help countries detect hidden accounts abroad.

Germans back Merkel's crisis management

2013-04-05 19:23

A new poll has shown Germans widely approve of Chancellor Angela Merkel's crisis management following a bailout deal for Cyprus.

Ireland slowly recovering

2013-04-05 12:19

Ireland's central bank says the country's gradual economic recovery has been broadly on track, barely changing its growth forecasts.

Cyprus to swear in new finance minister

2013-04-03 10:05

Cyprus's new finance minister is due to be sworn in following his predecessor's resignation hours after a probe was launched into how the island was pushed to the verge of bankruptcy.

Casinos to kickstart Cypriot economy

2013-04-02 13:21

Cyprus plants to lift a ban on casinos and offer a tax breather to firms who reinvest profits on the island, as part of a 12-point growth plan for the economy.

Cyprus banks re-open under tight controls

2013-03-29 11:02

Banks in Cyprus have resumed normal trading hours a day after a two-week lockdown ended, but Cypriots face a month of cash curbs intended to prevent a run on deposits after an EU-led bailout.

Cyprus bank curbs could last 30 days

2013-03-28 19:58

The government says it expects to lift several restrictions on its banks in about a month, following lenders opening their doors after almost two weeks.

Patient Cypriots queue as banks reopen

2013-03-28 17:54

Cypriots have queued calmly at banks as they reopened under tight controls imposed on transactions to prevent a run on deposits.

Greece: Bomb explodes near Acropolis

2013-03-28 08:20

A bomb has exploded outside a Greek ship owner's house near a crowded pedestrian area under the Acropolis in central Athens, causing minor damage but no injuries, police say.

Cypriot youths rally against bailout

2013-03-26 14:00

Hundreds of Cypriot students have marched on the presidential palace in Nicosia, after a Facebook call for a rally against a painful bailout for the financially crippled island.

Cyprus church may lose €100m in bailout

2013-03-25 22:40

Cyprus's wealthy Orthodox Church stands to lose more than €100m in the bailout deal reached with international creditors early, its leader Archbishop Chrysostomos says.

German court rejects airlines' suit

2013-03-25 15:35

A German court threw out a lawsuit by Lufthansa, Air Berlin and airport operator Fraport for €9.2m compensation over strike action at Frankfurt last year.

Cyprus secures bailout, avoids bankruptcy

2013-03-25 08:06

Cyprus has secured a €10bn package of rescue loans in tense, last-ditch negotiations, saving the country from a banking system collapse that could have destabilised the euro area.

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