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Puerto Rico governor to fight proposed furloughs, cuts

Fri, 23 Jun 2017 20:47:45 GMT2017-06-23T20:47:45Z

SAN JUAN, Puerto Rico (AP) -- Puerto Rico's governor said Friday that he will go to court to fight a federal control board's call to cut a public pension system by 10 percent, furlough tens of thousands of government workers and eliminate Christmas bonuses....



Eurozone economy enjoyed 'best quarter in over 6 years'

Fri, 23 Jun 2017 09:48:34 GMT2017-06-23T09:48:34Z

LONDON (AP) -- The economy of the 19-country eurozone has just enjoyed its best quarter for more than six years, according to a closely watched survey....



The pain and gain of Brexit vote: British economy a year on

Fri, 23 Jun 2017 08:55:29 GMT2017-06-23T08:55:29Z

LONDON (AP) -- Few events outside of war can have quite as much potential impact on the economy of a country as Britain's decision a year ago to leave the European Union....



Mexico raises key interest rate to 7 pct to combat inflation

Thu, 22 Jun 2017 22:17:24 GMT2017-06-22T22:17:24Z

MEXICO CITY (AP) -- Mexico's central bank has raised its benchmark interest rate a quarter-point to 7 percent in an effort to limit inflation....



Egypt doubles subsidized food available on ration cards

Wed, 21 Jun 2017 17:21:27 GMT2017-06-21T17:21:27Z

CAIRO (AP) -- Egypt's government has more than doubled the amount of subsided food that millions of ration card holders can purchase on a monthly basis and raised pensions - measures meant to cushion against soaring prices resulting from harsh reforms that aim to revive the country's battered economy....



Egypt doubles capacity of ration cards

Wed, 21 Jun 2017 14:16:24 GMT2017-06-21T14:16:24Z

CAIRO (AP) -- Egyptian President Abdel-Fattah el-Sissi says the government will increase the monthly capacity of ration cards through which it distributes food subsidies from LE21 ($1.16) per person to LE50 ($2.77) in an attempt to ease the effects of hard-hitting economic reforms....



UN economist faces fraud charge in hiring of domestic worker

Tue, 20 Jun 2017 23:00:51 GMT2017-06-20T23:00:51Z

NEW YORK (AP) -- A United Nations economist has been arrested in New York on fraud charges related to his hiring of a domestic worker....



Cyprus official: Lowest-ever interest rate on bond issue

Tue, 20 Jun 2017 20:55:05 GMT2017-06-20T20:55:05Z

NICOSIA, Cyprus (AP) -- Cyprus' finance minister says the country has managed to secure the lowest-ever interest rate on a public bond issue, hailing it as a strong signal of trust from international markets in the Cypriot economy....



Key leaders in UK economy argue for cooperative Brexit talks

Tue, 20 Jun 2017 12:44:13 GMT2017-06-20T12:44:13Z

LONDON (AP) -- Two of the most senior figures in Britain's economy argued Tuesday for cooperative, not adversarial, talks over the country's exit from the European Union, calling for a deal that benefits both sides rather than erecting barriers that will hurt everyone....



As Brexit talks begin, Europe sees economic upswing over UK

Tue, 20 Jun 2017 10:12:07 GMT2017-06-20T10:12:07Z

LONDON (AP) -- When Britain voted to leave the European Union a year ago, proponents argued Britain's economy was being held back by the slow-growing, dysfunctional bloc....