President Bush is to send his toughest budget proposals to date to the US Congress, seeking large cuts in domestic…
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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…
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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.…
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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…
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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…
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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…
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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,…
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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…
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US industrial output growth eases
US industrial production continued to rise in November, albeit at a slower pace than the previous month. The US Federal…
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EU ‘too slow’ on economic reforms
Most EU countries have failed to put in place policies aimed at making Europe the world’s most competitive economy by…
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