Economy, Global Economic Crisis | featured news

The euro zone's economic crisis is over and it is now enjoying a broad-based recovery, Bank of France Governor Christian Noyer said.

Fueling the demonstrators’ anger is the perceived failure by politicians to alleviate the hardships imposed on a struggling population by a jobless rate of 21 percent.

The world's major nations have put together a new monitoring process that they hope will halt the types of destabilizing economic imbalances that contributed to the worst global downturn since World War II....

China's economy slowed in the second quarter as the government steered monetary and fiscal policy back to normal after a record credit surge last year to counter the global crisis.

Hundreds of thousands of people joined May Day rallies across Europe on Saturday, many protesting against government austerity policies in the wake of the global financial crisis.

Progress has been made toward stabilizing the global financial system but G20 countries must recommit to deliver on reforms that led to the crisis, G20 steering group leaders said in a letter on Tuesday.

Authorities in Europe and the U.S. are turning to “stealth taxes” to avoid drawing attention to the tightening fiscal noose.