Press Review

The eurozone has returned to recession as the region's debt crisis continues to hurt demand, figures show. The economy of the 17-nation bloc contracted by 0.1% between July and September, >>

Xi Jinping replaced Hu Jintao as head of the Chinese Communist Party and the nation's military, ushering in the fifth generation of leaders who are set to run the world's >>

President Barack Obama on Wednesday said he is open to ideas about raising revenue as he prepares to meet with congressional leaders, but was firm that taxes on the wealthiest >>

Moody's warning to George Osborne follows decision by Bank of England to halve growth forecast for 2013 to 1%.  >>

India's headline inflation slowed slightly in October but was still high enough to be a headache for the central bank and the government as they struggle to tame prices and >>

U.S. Defense Secretary Leon Panetta warned on Wednesday against jumping to conclusions over the actions of the top U.S. commander in Afghanistan, a day after placing him under investigation in >>

The number of people out of work in the UK has fallen to its lowest total for more than a year. Unemployment fell by 49,000 to 2.51 million in the >>

Australian consumer confidence improved substantially in November, reaching the highest level since 2011, a survey released on Wednesday by Westpac Banking Corp and the Melbourne Institute of Applied Economic and >>

Treasury Secretary Timothy Geithner said Tuesday it was "deeply implausible" that Republicans won't help resolve the fiscal cliff over the issue of tax hikes on upper-income Americans.     >>

Spanish and Portuguese workers will stage the first coordinated general strike across the Iberian Peninsula on Wednesday, shutting transport, grounding flights and closing schools to protest against spending cuts and >>

Lee Bok Sun is ready to shut her 28- year-old fruit store in Seoul, after her customers switched to a new hypermarket owned by one of South Korea's chaebol, the >>

Going over the so-called fiscal cliff may, on the face of it, "improve" U.S. public finances, reduce the deficit and slow the rise of America's debt mountain. >>

The Greek government has managed to sell 4.06bn euros ($5.15bn; £3.24bn) of treasury bills, which are very short-term bonds. It sold the one-month bills at an interest rate of 3.95% >>

Japanese consumers are closing their wallets as the economy's outlook darkens, making it harder for Prime Minister Yoshihiko Noda to stave off the nation's third recession in four years. >>

Amid a global fright over Washington's political brinkmanship, U.S. lawmakers return to the capital on Tuesday with a seven-week deadline to reach agreement on scheduled tax hikes and budget cuts >>