China calls shots in currency war

Feb 20, 2015

China calls shots in currency war

As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which Asian central banks are cutting interest rates is an indication of not just the ...

Feb 19, 2015

Poland to pay $262,000 to inmates held at secret CIA prison

Poland will pay €230,000 ($262,000) in compensation to two terror suspects who say they were tortured at a CIA secret prison that Poland hosted from 2002-2003, a government minister said Wednesday. Foreign Minister Grzegorz Schetyna spoke after the European Court of Human Rights in ...

Feb 15, 2015

China plans international tourism zone with North Korea, Russia

China is planning an international tourism zone in its northeastern border area with Russia and North Korea, state news agency Xinhua said on Friday, in Pyongyang’s latest push for new investment. Jiang Chaoliang, governor of China’s northeastern Jilin province, said the province would draw ...

Feb 12, 2015

Rich world helping bankroll export of coal technology

Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters show, defying calls to end subsidies for the most polluting of the fossil fuels. A document ...

Feb 6, 2015

Russian inflation hits 15% as economic pain deepens

Russia’s inflation hit 15 percent in January, official data showed on Thursday, underscoring the growing economic pain from sliding oil prices and Western sanctions linked to the Ukraine conflict. Inflation has been shooting up in recent months as a result of a slide in ...

Feb 3, 2015

Greek suicide rise blamed on austerity

Suicides in Greece surged by a third after the country implemented an austerity program in June 2011, health investigators said Monday. After the measures were passed, the number of suicides leapt by 35.7 percent compared to preceding months, they said. The increase was sustained ...

Mexico opium farmers expand to feed U.S. heroin boom

Feb 3, 2015

Mexico opium farmers expand to feed U.S. heroin boom

Red and purple blossoms with fat, opium-filled bulbs blanket the remote creek sides and gorges of the Filo Mayor mountains in the southern state of Guerrero. The multibillion-dollar Mexican opium trade starts here, with poppy farmers so poor they live in wood-plank, tin-roofed shacks ...

Tsipras halts privatization, throwing down gauntlet to Greece's creditors

Jan 29, 2015

Tsipras halts privatization, throwing down gauntlet to Greece's creditors

Left-wing Greek Prime Minister Alexis Tsipras launched an open challenge to international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal, prompting a third day of heavy losses on financial markets. A swift series of announcements signaled the newly installed ...