Aug 5, 2014

China urged to reveal payments for Africa's natural resources

China should publicly disclose what it pays African governments for extracting oil, gas and minerals as a way to level the playing field for companies worldwide and help countries get a fair deal for their natural resource wealth, billionaire investor George Soros said on ...

Aug 4, 2014

Big U.S. banks shedding star financiers and traders

Crippled by lawsuits linked to the 2007-2008 financial crisis, American banks are grappling with an exodus of their best bankers and traders, lured by the huge salaries of little-regulated hedge funds. Michael Cavanagh, 48, was the favorite to succeed Jamie Dimon at the head ...

Jul 29, 2014

Study: 35 percent in US facing debt collectors

More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student ...

Jobless families occupy Spain's tourist homes

Jul 28, 2014

Jobless families occupy Spain's tourist homes

Unable to pay her mortgage, Manoli Herrera turned over her apartment to the bank and moved into one of six abandoned buildings occupied by other jobless families in Sanlucar de Barrameda, a seaside town on Spain’s southern coast. “I did not want my two ...

Vietnam dads take on caregiver role

Jul 21, 2014

Vietnam dads take on caregiver role

When his wife moved to Taiwan nine years ago to work as a maid — earning far more than she could in the rice paddies of this northern Vietnamese hamlet — Pham Duc Viet took over the household chores and raised their two children ...

Starbucks makes long-awaited debut on Colombia coffee scene

Jul 17, 2014

Starbucks makes long-awaited debut on Colombia coffee scene

Make room, Juan Valdez, it is time to meet the green-aproned barista. On Wednesday, Starbucks made its much-anticipated debut in the country that is synonymous with coffee, after decades of roasting Colombia’s Arabica beans for billions of java lovers the world over. The three-floor ...

U.S., Europe expand economic sanctions on Russia to hit key energy firms, banks

Jul 17, 2014

U.S., Europe expand economic sanctions on Russia to hit key energy firms, banks

Both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting Ukraine’s rebels “have consequences.” Though the American and European sanctions were coordinated, they nonetheless exposed fissures in ...

Time Warner win would make Murdoch U.S. media king

Jul 17, 2014

Time Warner win would make Murdoch U.S. media king

Rupert Murdoch’s Twenty-First Century Fox Inc. made an audacious offer for Time Warner Inc. that, if it succeeds, would transform the American media landscape and cement the 83-year-old’s status as the most powerful magnate in U.S. media and entertainment. While Time Warner, whose assets ...

Jul 15, 2014

South Korea to fund humanitarian projects in North

South Korea has announced state funding for humanitarian projects in North Korea for the first time since Seoul imposed tough economic sanctions on Pyongyang four years ago. The South’s Unification Ministry stressed the move did not impact the ban on direct state aid to ...