Government
European Central Bank Cuts Main Interest Rate
The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. The ECB ...
EU Weighs Trade Action to Improve Safety After Bangladesh Factory Tragedy
The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, in order to pressure Dhaka to improve safety standards after a ...
U.S. Pragmatic Approach Leads U.N. Climate Talks: Wynn
A U.S. submission to U.N.-backed negotiations shows how a scaled-down global climate deal that falls short of a full treaty can be agreed in 2015. Much will depend on the United States, as the ...
Eurozone Sees Light at End of Tunnel, Also More Rough Stops Ahead
There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and ...
U.S. Labor Costs Rose Less Than Expected…Maybe
U.S. labor costs rose less than expected in the first quarter and pointed to benign wage inflation, a potential sign the Federal Reserve has space to continue its monetary stimulus program. The ...
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 ...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders. Chances for final legislative ...