Jul 31, 2014

Japan flirts with recession; planned tax hike in doubt

Japan could be flirting with recession after the weakest factory output since 2011, which, following a surprising fall in exports last week, could pressure the central bank to ease policy and complicate a decision on whether to raise taxes. The severe contraction in output ...

Nov 14, 2013

Eurozone recovery grinds to a near halt; tough slog lies ahead

The recovery from recession in the 17-country eurozone nearly came to a grinding halt in the third-quarter, raising concerns that the region faces a long slog back from its five-year economic crisis. Barely three months after emerging from its longest-ever recession, the eurozone barely ...

Tourists once again return to Portugal

Sep 11, 2013

Tourists once again return to Portugal

The famous No. 28 tram, winding its way through the narrow streets of Lisbon, is packed. Foreign tourists are flocking to Lisbon, as well as the southern coastal Algarve region — and that’s just the shot in the arm that the crisis-hit country needs. ...