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Economy and Politics news articles.

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Oil prices plunged after the OPEC oil producers' cartel decided not to cut output at its meeting in Vienna. OPEC's secretary general Abdallah Salem el-Badri...

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The Spanish health minister, Ana Mato, has resigned after a judge accused her of benefitting from illegal payments. The minister’s ex-husband, Jesus Sepulveda, was found...

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Jean-Claude Juncker, the newly appointed European Commission president, has revealed details of a €315 billion ($393 billion) investment plan to kick-start Europe's economy. At the...

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In a recent interview, President Barack Obama has said that Hillary Clinton would be a "great president" if she decided to run for the...

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Tunisia is voting in the first presidential election since the 2011 Arab Spring revolution that triggered uprisings across the region. Twenty seven candidates are in...

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Bahrain has voted in the country's first parliamentary elections since protests erupted in the wake of the Arab Spring in 2011. The government called on...

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Bahrain is voting in its first parliamentary elections since Arab Spring protests broke out in 2011. The government has called on all of the country's...

Japan's PM Shinzo Abe has dissolved the lower house of parliament in preparation for an early election

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Japan's PM Shinzo Abe has dissolved the lower house of parliament in preparation for an early election. Shinzo Abe is seeking a new mandate for...

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President Barack Obama will announce his plans to use overriding executive powers to enact major changes to immigration policy. Barack Obama will unveil his strategy...

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Former Italian PM Silvio Berlusconi has said that pensioners will get free trips to the cinema if his party is returned to power. Silvio Berlusconi,...

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The US Senate has failed to pass a bill approving the controversial Keystone XL oil pipeline. The Senate voted by 59-41 in favor of the...

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Japanese PM Shinzo Abe has called snap election in December, two years ahead of schedule. At a news briefing, Shinzo Abe said he would dissolve...

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Indonesia has decided to increase fuel prices by more than 30% in an attempt to save the economy more than $8 billion in 2015. Prices...

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Japan's economy, the world's third largest, unexpectedly shrank for the second consecutive quarter in Q3 2014, leaving the country in technical recession. Gross domestic product...

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The G20 summit in Brisbane has been closed by Australia’s PM Tony Abbott who detailed economic pledges agreed by world leaders. The leaders agreed to...

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Romanian voters are set to elect a new president in a run-off vote which pits social democrat PM Victor Ponta against centre-right candidate Klaus...

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On November 14, the House of Representatives passed legislation authorizing construction of the Keystone XL oil pipeline by a decisive vote of 252 to...

Italy's economy has fallen back into recession after contracting for two quarters in a row

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The UK economy is set to grow by around 0.5 percent before the end of 2014, according to a recent survey. Even though this...

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President Barack Obama has defended plans to use his overriding executive powers to push through changes to the US immigration system. Barack Obama said Congress...

The Supreme Court will hear a second legal challenge to President Barack Obama's signature 2010 healthcare law

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A second legal challenge to President Barack Obama's signature 2010 healthcare law (ObamaCare) will be reviewed by the Supreme Court, the court has said. The...

The US unemployment rate has fallen to 5.8 percent in October 2014

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The US unemployment rate has fallen to 5.8% after the economy added 214,000 jobs in October 2014, official Labor Department figures show. The number of...

Detroit became the largest ever in the US to go broke in 2013

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Judge Steven Rhodes has approved of Detroit's plan to exit from bankruptcy, 16 months after the city became the largest ever in the US...

President Barack Obama was joined by the House and Senate leaders in holding cross-party talks aimed at ending political gridlock in Washington

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President Barack Obama was joined by the House and Senate leaders in holding cross-party talks aimed at ending political gridlock in Washington. The White House...

French President Francois Hollande has promised not seek a second term in 2017 if he fails to cut unemployment

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In a televised interview, French President Francois Hollande has promised not seek a second term in 2017 if he fails to cut unemployment. Francois Hollande...

Libya's Supreme Court has invalidated the elected parliament after a legal challenge by a group of politicians

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Libya's Supreme Court has invalidated the elected parliament after a legal challenge by a group of politicians. Libya's parliament was internationally recognized. The court said the...