The crisis of confidence in the euro zone showed no sign of abating as the yields on Italian and Spanish ten-year government bonds jumped again to well above 6%, increasing the countries' borrowing costs. Investors are worried that last month's second b… more »
After months of acrimonious budget negotiations, Congress passed legislation to increase the limit on America’s debt ceiling, which Barack Obama signed just hours ahead of a Treasury-imposed deadline after which, the Treasury said, America would be at r… more »
The World Trade Organisation ruled that China's curbs on exports of raw materials are illegal, upholding a complaint lodged by the United States, the European Union and Mexico. China criticised the decision, justifying its limits on exports of metal ore… more »
It was a turbulent week for Greece and the euro zone. As angry demonstrators filled the squares of Athens, George Papandreou, the prime minister, narrowly won a vote of confidence in parliament. A bigger test will come when Greek politicians vote on con… more »
Ali Abdullah Saleh, Yemen's embattled president, finally left the country for Saudi Arabia after being wounded during an attack on his compound on June 3rd. He may not return. Meanwhile, fighting and strife persisted in many parts of the country.
Pr… more »
Christine Lagarde, France’s finance minister, launched her official bid to succeed Dominique Strauss-Kahn as managing director of the IMF. Ms Lagarde is the front-runner for the position. But there was growing disquiet in the developing world over the c… more »