UK faces European Court over benefits for EU nationals

Britain is being taken to court by the European Commission for allegedly discriminating against EU nationals who claim social security in the UK.

Italy's borrowing costs fall in bond sale

MILAN: Italy's borrowing costs fell on Tuesday in a bond auction that raised 3.5 billion euros ($4.5 billion), a day before the country is likely to exit the European Union's excessive deficit procedure.

US border entry fee sparks northern opposition

SEATTLE - By Michael Hill's estimation, 90 percent of the people pumping gas at his station just south of the U.S.-Canada border in Washington state are Canadians.

EU exit would put US trade deal at risk, Britain warned

The Obama administration has warned British officials that if the UK leaves Europe it will exclude itself from a US-EU trade and investment partnership potentially worth hundreds of billions of pounds a year, and that it was very unlikely that Washington would make a separate deal with Britain.

Will Barack Obama be the president with best stock market record in 21st century?

In the 84 years that the Standard & Poor's 500-stock index has been calculated, it doubled during the terms of only four presidents before Barack Obama's election in 2008.

Shift in policy: China plans to reduce state's role in the economy

SHANGHAI: The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift intended to improve living conditions for the middle class and to make China an even stronger competitor on the global stage.

ECB's Mario Draghi spots 'encouraging' UK economy signs

European Central Bank (ECB) president Mario Draghi has said he sees "encouraging signs of tangible improvements" in the UK economy.

Germany Survey Shows Export Risks Are Companies’ Biggest Concern

German companies see sluggish foreign demand for their goods as one of the biggest economic concerns over the next 12 months, a survey of more than 24,000 companies in Europe’s biggest economy showed.

Millions falling into poverty in recession-racked Italy: Report

ROME: Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years.

Sir Mervyn King: stop 'demonising' bankers

Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it’s wrong to “demonise individuals” for the failure of the financial system.

Cybersecurity Starts in High School with Tomorrow’s Hires

Five dozen teenagers hunched over computers in a hotel conference room near Washington, decrypting codes, cleaning malware and fending off network intrusions to score points in the finals of a national cybersecurity contest.

S&P says Cypriot deposit grab may set euro zone precedent

(Reuters) - The grab on bank deposits that accompanied Cyprus's bailout could be repeated elsewhere in the euro zone, and the bloc's banking union may not be strong enough when it is introduced, Standard and Poor's said on Wednesday.

China premier says little room for policy stimulus - media

BEIJING: China has limited room to use government spending and policy stimulus to boost its economy, China Premier Li Keqiang was quoted as saying on Wednesday, dashing hopes among some investors that Beijing may take steps to foster growth.

Spotlight on the economy: Data wave to show manufacturing without momentum

Wednesday is shaping up to be a busy one on the economics front, with two indicators due on manufacturing as well as reports on inflation and home-builder sentiment.

EU to start talks with Switzerland on bank secrecy

BRUSSELS: European Union finance ministers gave the green light on Tuesday to start talks with Switzerland, Liechtenstein and three other countries on new rules for swapping bank account information, officials said.

Sharif vows better relations with US, warmer ties with India

Nawaz Sharif, poised for a record third term as Pakistan Prime Minister after his party’s emphatic win in the landmark general elections, has vowed to pursue better relations with the US while seeking “warmer ties” with India.

Thousands of Israelis march against austerity budget

ISRAEL: Thousands of Israelis marched late Saturday to protest against an austerity budget due for cabinet debate on Monday, which is expected to raise income tax and VAT while also slashing government spending.

US Federal Reserve's George says hopes US bond buying can be reduced

JACKSON: The Federal Reserve should scale back US bond purchases to reduce the risks of continuing to expand its balance sheet, a senior central banker said on Friday, noting that the Fed's last statement explicitly stated it could vary the pace of buying.

There was no UK double dip recession, ONS data suggests

Britain's double-dip recession may be erased from the history books after the Office for National Statistics said the construction industry grew more strongly than thought at the start of last year.

IMF sees first Cyprus bailout loan this month

WASHINGTON: The International Monetary Fund on Thursday said it would likely disburse its first bailout loan to Cyprus after next week's board meeting.

China inflation accelerates in April: government

BEIJING: China's inflation accelerated to 2.4 percent in April, official data showed Thursday, rising above market expectations, but analysts said counter-measures were unlikely as economic momentum remained weak.

US accuses China government and military of cyber-spying

China's government and military have targeted US government computers as part of a cyber espionage campaign, a US report on China says.

Emerging markets drive investment into Africa: Report

JOHANNESBURG: Foreign direct investment from emerging markets into Africa outpaced that from developed markets in 2012, but the number of new FDI projects into the continent fell 12 percent from the previous year, Ernst & Young said on Monday.

Billionaire Warren Buffet optimistic on US stocks

WASHINGTON: Billionaire Warren Buffett said the US economy is moving in the right direction and praised the policies of both President Barack Obama and his predecessor George W. Bush, in an interview that aired Sunday.

BOE Seen Keeping QE on Hold as Economy Shows Signs of Recovery

The Bank of England will maintain its target for asset purchases next week after surveys indicated the recovery is gaining momentum, a survey of economists shows.

Strong US jobs report triggers stock market rally

LONDON (AP) — Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world's largest economy is not slowing down, as some had feared.

US central bank keeps buying bonds to boost economy

The US Federal Reserve has kept its $85bn-a-month bond buying in place, in an effort to keep borrowing costs low and bolster the economy.

China trade secret theft a "grave problem": U.S. trade agency

WASHINGTON (Reuters) - The United States is gravely concerned about the impact that Chinese theft of U.S. trade secrets is having on American companies and the economic security of the United States, the U.S. Trade Representative's office said on Wednesday.

U.K. Stocks Drop Even as FTSE 100 Rises for 11th Month

U.K. stocks declined, even as the FTSE 100 (UKX) and FTSE All-Share Indexes both posted their longest- ever streaks of monthly gains, as mining companies fell and a report showed U.S. business activity shrank this month.