Global Economy
Retailers to Compensate Victims of Bangladesh Factory Disaster
Two Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country's worst ...
Analysis: Angst Over European Union ‘Treaty Change’
If there are two words that tense the jaws of European policymakers and prompt a concerned sucking of teeth, they are treaty change. Like a nervous driver being told mid-route that he needs a ...
U.S. May Not Hit Debt Limit Until October
The United States might not hit the statutory limit on its debt until October, a policy research group said on Friday, giving Republican lawmakers more time to extract spending cuts from the Obama ...
Chastened Banks Cuts Tens Of Thousands Of Jobs
Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, ...
Harvard Debt Luminaries Don’t Like Austerity As Much As You Think
Two academics whose research became an intellectual touchstone for pro-austerity politicians want everyone to know they have been misunderstood. They actually don't think harsh austerity is such a ...
White House Formally Notifies Congress Of Japan Free-Trade Talks
President Barack Obama's administration on Wednesday notified Congress it will start free-trade talks with Japan, bringing the world's third-largest economy into U.S.-led negotiations on a regional ...In Myanmar, Cheap SIM Card Draw May Herald Telecoms Revolution
Introduced a decade and a half ago under Myanmar's former military rulers, SIM cards sold for as much as $7,000 apiece. Today, they still cost more than $200. From Thursday, lucky winners of a ...Survey: US Budget Tightening Not Hurting Business
Washington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows. The National Association for Business Economics survey asks how higher ...