European Central Bank officials express support for euro; decline to back...
European Central Bank officials met Thursday in Frankfurt to once again discuss potential solutions to the ongoing eurozone crisis.At a news conference after the meeting, bank chief Mario Draghi...
View ArticleU.S. economy shows mixed signs -- adds 163,00 jobs, but unemployment rate rises
The U.S. economy produced mixed results in July, adding more results than it has in months, but seeing the unemployment rate tick slightly upward.According to the monthly labor report released by the...
View ArticleNew England's economy more linked with Europe than most of the U.S.
Every state has natural trading partners. Texas sends a lot of stuff to neighboring Mexico. Michigan favors Canada. The state of Washington likes to send its products across the Pacific.“We in New...
View ArticleBritish bank accused of laundering Iranian money, violating U.S. law
Another banking scandal has hit the United States, but this time American bankers aren’t to blame.On Tuesday, New York's top banking regulator accused the British bank Standard Chartered of secretly...
View ArticleBest hope for Palestinian economic growth, a political solution with Israel
Mitt Romney paid a visit to Jerusalem recently and made some waves by calling attention to the struggling Palestinian economy in the West Bank.He compared average incomes there with those in Israel....
View ArticleGreek politicians eye Orthodox Church's income, expenses as target for budget...
No one expects the Greek government to take a hard-line against the church when it comes to taxes, with the right-wing New Democracy party governing.With the Greek government facing an enduring budget...
View ArticleWith Chinese immigration waning, U.S. Chinatowns are at a crossroads
Author Bonnie Tsui wrote a short article in The Atlantic magazine a few months ago titled “The End of Chinatown.”“I think ‘end,’ is the end of Chinatown as we know it,” said Tsui. “We have known it as...
View ArticleGet ready for higher prices: Drought makes it tough for Mississippi River...
Drought conditions across the United States have wilted crops and led many to expect the price of food will rise over the coming months.The drought struck another blow this week when the lack of...
View ArticlePortuguese artists rely on crowdfunding as state support runs dry
Luis Tinoco, a well-known classical music composer, recently talked in Lisbon about surviving the economic crisis and one of the financial lifelines he sought out.Tinoco was in his studio, filled with...
View ArticleAs Federal Reserve meets, eyes on further economic stimulus measures
The latest jobs report confirms what has been known for a while — the American economy is recovering at a snail's pace.But as the Federal Reserve prepares to meet, will it be bad enough the bankers are...
View ArticleIn the wake of iPhone 5, is Apple's mystique causing it as much trouble as...
The highly-anticipated iPhone 5 was unveiled Wednesday at an Apple event in San Francisco.The new, taller, slimmer smartphone is 20 percent lighter than the iPhone 4S, and boasts a number of other...
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U.S. Federal Reserve takes steps to bolster flagging economy
With the U.S. economy just lurching forward, the Federal Reserve on Thursday announced that it would begin an indefinite program of buying up bonds and other securities, in an effort to inject more...
View ArticleCompany in Prague turns to homeless people to show city's less-seen side
The Velvet Revolution propelled Czechoslovakia on a path that eventually led to the country peacefully spitting into two: the Czech Republic and Slovakia.But Prague, the Czech capital, with its...
View ArticleSpain considers Vegas-like project to jumpstart flagging economy
Alcorcon is a dusty bedroom community on the outskirts of Madrid.Surrounding it are thousands of acres of dry scrubland. It’s hard to imagine this spot could one day become Europe’s version of the Las...
View ArticleClean energy sector surging in Massachusetts
President Barack Obama’s call for creating new jobs through renewable energy development is a reality in Massachusetts.The number of green energy jobs in the Bay State has grown by more than 11...
View ArticleWith evictions already high, tensions boil over Spanish bank bailouts
Spain is about to get a $130 billion bailout from the European Union for its ailing banks.A record 10 percent of Spanish bank loans are in arrears, putting severe strain on the system. Many of those...
View ArticleJobs scarce, more Italians volunteering on organic farms
By Chris LivesayThe air is thick with the scent of ripening almonds At the Dulcamara cooperative farm in Emilia-Romagna, in northern Italy.In an open meadow with soccer goals at each end, farmers are...
View ArticleGuangdong Communist Party leader angling for Chinese Politburo spot
China is edging up on a once-in-a-decade leadership transition, which party officials Friday finally announced would begin on Nov. 8 — two days after the U.S. presidential election.The Party leadership...
View ArticleEurope's down economy has some Africans considering migrating home
Italy’s economic crisis continues to deepen.Its economic growth forecasts have worsened the economy is expected to shrink even more than was once believed. Despite that, the government is imposing...
View ArticleUnemployment in September drops below symbolic floor of 8 percent
The U.S. unemployment rate fell below the symbolic barrier of 8 percent in September, according to figures from the U.S. Bureau of Labor Statistics, to 7.8 percent. No U.S. president has ever been...
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