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Greece hopes for more time to set up austerity

Aug 15, 2012
Greece's current government took power in June -- since then the world's been waiting for the specific plan to push things forward with Europe. This morning, the Financial Times this morning has a look at the plan Greece's prime minister will bring to the table next week with German and French leaders.
Posted In: Greece

Growth in the euro economies not horrible, but not good

Aug 14, 2012
The new numbers out on the eurozone weren't as abysmal as expected, but they're not good either.
Posted In: Germany, France, Francois Hollande

Japanese economy grows at just 1.4%

Aug 13, 2012
New figures out this morning show Japan's economy is slowing down. It grew at a rate of 1.4 percent in the latest three month period. That's down sharply from the previous quarter.
Posted In: Japan

Economic data shows continued slowdown in China

Aug 9, 2012
The latest economic data out of China show a continued slowdown there. New numbers on factory output and retail sales came in below expectations this morning.
Posted In: China, China's Economy

How Europe watches American unemployment

Aug 3, 2012
Today the world is watching us here in the U.S. The Labor Department is about to tell us how many jobs were created in the U.S. last month and what the new unemployment rate is. It's seen as a key indicator for the health of the U.S. economy, which is still the largest in the world.
Posted In: Unemployment, Jobs

Japanese electronic companies suffer losses

Aug 2, 2012
In Japan, two big electronics companies are reporting disappointing earnings this morning. Sony is reporting a $316 million quarterly loss. And Sharp announced a $1.2 billion loss, which was much worse than expected.
Posted In: Sony, consumer electronics, Japan

Power problems persist across India

Jul 31, 2012
In India, 600 million people lost power this morning. It's the second major blackout there in just two days.
Posted In: India

India experiences massive power outages

Jul 31, 2012
Today blackouts in northern India spread to the eastern states, affecting half of the country's 1.2 billion people. Many office buildings are running on generators; More than a hundred trains were stranded in the summertime heat.
Posted In: India, power

Eurozone crisis hits Shell, other earnings

Jul 26, 2012
The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.
Posted In: Earnings, Shell, Eurozone

Eight charged in U.K. phone hacking scandal

Jul 24, 2012
Eight people have been charged in the phone hacking scandal that closed down Rupert Murdoch's paper, News of the World. Prosecutors allege the employees took part in the illegal interception of voicemail messages of more than 600 people.
Posted In: Rupert Murdoch, News of the World

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