U.S. economic growth stronger than thought

The U.S. economy grew significantly faster than thought in the second quarter, which may help convince the Federal Reserve to start unwinding its stimulus program sooner rather than later.

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev 

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

Alexander Mirtchev

As advanced economies grow, emerging ones struggle: OECD

PARIS: The Organisation for Economic Cooperation and Development says that advanced economies are staging a comeback but a slowdown in emerging countries will keep global growth low this year.

The new EU External Energy Policy: an important move - if it is not too late

 By Alexander Mirtchev

  

With the adoption of its new External Energy Policy, the EU has finally made a first step towards its integration as a single negotiating bloc in the world energy market. As such the External Energy Policy could become an important factor in the global energy security picture and a possible geopolitical game-changer. However, it remains to be seen whether the big EU member states will be willing to subordinate their interests to the wider EU interest. The External Energy Policy has probably come five years too late, argues Alexander Mirtchev, President of Krull Corp. and Vice-President of the Royal United Services Institute for Defence and Security Studies.

Italy factory sector expansion accelerates in August: Survey

ROME: Italian manufacturing activity expanded for the second month running in August and at a faster pace than the previous month as new orders and output increased, a survey showed on Monday.

ECB faces balancing act on rates as eurozone recovers

The European Central Bank faces a delicate balancing act at its policy meeting this week as the nascent recovery in the crisis-stricken euro area remains extremely vulnerable to setbacks.

Financial crisis: Is Asia next? Probably not

Why don't we learn from financial crises? As Asian currencies fall and crisis strikes, we seem to be making the same mistakes made in the '90s.