Category
Economy
Bush to outline 'toughest' budget
President Bush is to send his toughest budget proposals to date to the US Congress, seeking large cuts in domestic spending to lower the deficit. Abou…
Germany calls for EU reform
German Chancellor Gerhard Schroeder has called for radical reform of the EU's stability pact to grant countries more flexibility over their budget def…
Italy to get economic action plan
Italian Prime Minister Silvio Berlusconi will unveil plans aimed at kickstarting the country's sputtering economy on Thursday night in Rome. He will p…
EC calls truce in deficit battle
The European Commission (EC) has called a truce in its battle with France and Germany over breaching deficit limits. The move came after France and Ge…
Five million Germans out of work
Germany's unemployment figure rose above the psychologically important level of five million last month. On Wednesday, the German Federal Labour Agenc…
Iran budget seeks state sell-offs
Iran's president, Mohammad Khatami, has unveiled a budget designed to expand public spending by 30% but loosen the Islamic republic's dependence on oi…
German jobless rate at new record
More than 5.2 million Germans were out of work in February, new figures show. The figure of 5.216 million people, or 12.6% of the working-age populati…
Palestinian economy in decline
Despite a short-lived increase in Palestinian jobs in 2003, the economy is performing well below its potential, said a World Bank report. Unemployment…