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Security tight ahead of Rio 2016 opening ceremony

Security measures at the Rio 2016 Olympic games are in place ahead of Friday evening’s opening ceremony.

Security measures at the Rio 2016 Olympic games are in place ahead of Friday evening’s opening ceremony.

Business

Brazil's Petrobras gets new boss with same old problems

Pedro Parente, the new boss of Brazil's scandal-ridden state-controlled energy firm Petrobras, has been talking about the challenges ahead.

Pedro Parente, the new boss of Brazil's scandal-ridden state-controlled energy firm Petrobras, has been talking about the challenges ahead.

Business

Japan avoids recession with surprise Q1 growth of 1.7 percent

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Business

UK central bank warns 'Brexit could trigger recession'

Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession.

Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession.

Business

Gloomy outlook for Greek economy as recession bites deeper

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

Business

Russian recession set to deepen says central bank

Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies.

Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies.

Business

Brazil's recession deepens as economy shrinks more

Brazil’s worst recession in 25 years has deepened. The economy shrank 1.7 percent in the third quarter – half a percent more than analysts had

Brazil’s worst recession in 25 years has deepened. The economy shrank 1.7 percent in the third quarter – half a percent more than analysts had

Business

'Abenomics' under scrutiny - Japan slumps back into recession

The Japanese economy shrank by 0.2 percent between July-September, Japanese government data showed last Monday. Several reports have suggested

The Japanese economy shrank by 0.2 percent between July-September, Japanese government data showed last Monday. Several reports have suggested

Business

Greek bank shutdown in July prompts retail sales slump

Greek retail sales by volume fell 7.3 percent in July compared to the same month last year. The data published by the official statistics agency

Greek retail sales by volume fell 7.3 percent in July compared to the same month last year. The data published by the official statistics agency

Business

Canada in recession after Q2 contraction

Canada went into recession in the first half of 2015, and figures indicate Prime Minister Stephen Harper’s prediction the second half would be better

Canada went into recession in the first half of 2015, and figures indicate Prime Minister Stephen Harper’s prediction the second half would be better

News

Armenian police break up protests at electricity price rise in Yerevan

More than 5000 people took to the streets of the Armenian capital Yerevan on Tuesday morning. Blocked from reaching the presidential palace when they

More than 5000 people took to the streets of the Armenian capital Yerevan on Tuesday morning. Blocked from reaching the presidential palace when they

Business

Rouble slides as Russia buys foreign exchange

With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high

With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high

Business

Italian economy predicted growth after three-year recession

The Italian economy could post its first year of expansion in 2015 after a three-year recession. That’s a prediction by the Organisation for

The Italian economy could post its first year of expansion in 2015 after a three-year recession. That’s a prediction by the Organisation for

Business

Rouble falls again

It has been a bleak start to the New Year for the rouble. The Russian currency opened sharply lower against the dollar on Monday dragged more than

It has been a bleak start to the New Year for the rouble. The Russian currency opened sharply lower against the dollar on Monday dragged more than

News

Russians optimistic for New Year despite looming recession

The lights of Russia’s economy are burning brightly but as the country heads into recession, many are choosing to stay at home rather than spend

The lights of Russia’s economy are burning brightly but as the country heads into recession, many are choosing to stay at home rather than spend

Business

Japan's Q3 figures revised down again as contraction sharpens

The rise in sales tax in April in Japan is having a longer-lasting dampening effect on consumers than first forecast. Business investment also fell

The rise in sales tax in April in Japan is having a longer-lasting dampening effect on consumers than first forecast. Business investment also fell

Business

President Vladimir Putin warns of tough times

Be prepared for hard times. That was one message for Russians from President Vladimir Putin in his state-of-the nation address to parliament. He

Be prepared for hard times. That was one message for Russians from President Vladimir Putin in his state-of-the nation address to parliament. He

Business

Russian government posts recession warning

A sharp revision in Russian’s economic forecast has led to a warning from the government that the country’s economy will fall into recession next

A sharp revision in Russian’s economic forecast has led to a warning from the government that the country’s economy will fall into recession next

Business

German consumers boost third quarter growth

German consumers are spending money. A sharp rise in private consumption helped the economy post modest growth and avoid recession. The figures

German consumers are spending money. A sharp rise in private consumption helped the economy post modest growth and avoid recession. The figures

News

Japan parliament dissolved for snap election

Japan’s Prime Minister Shinzo Abe has dissolved Parliament. The move paves the way for a snap election on December 14. Abe is hoping to get a new

Japan’s Prime Minister Shinzo Abe has dissolved Parliament. The move paves the way for a snap election on December 14. Abe is hoping to get a new

News

Japanese PM Abe calls early election

The Japanese Prime Minister has called a snap election two years ahead of Schedule. Shinzo Abe says he will dissolve the lower house of parliament

The Japanese Prime Minister has called a snap election two years ahead of Schedule. Shinzo Abe says he will dissolve the lower house of parliament

Business

Japan slips into surprise recession with GDP fall

More ammunition for critics of the economic policies of Japan’s prime minister has become available with the news Japan is technically in recession

More ammunition for critics of the economic policies of Japan’s prime minister has become available with the news Japan is technically in recession

News

Japan's economy slides into recession

Japan, the world’s third-largest economy, has unexpectedly slid into recession. This comes after a rise in the national sales tax from five

Japan, the world’s third-largest economy, has unexpectedly slid into recession. This comes after a rise in the national sales tax from five

Business

'Spend more to grow more' says IMF's Lagarde

After years of pushing austerity, the International Monetary Fund is now telling governments they must spend more to boost growth and create jobs

After years of pushing austerity, the International Monetary Fund is now telling governments they must spend more to boost growth and create jobs

Business

Ukraine's economy shrinks faster from fighting

Ukraine’s economic decline is accelerating. The government says GDP contracted by 4.7 percent in the second quarter from the same period last

Ukraine’s economic decline is accelerating. The government says GDP contracted by 4.7 percent in the second quarter from the same period last

Business

More hopeful signs for the Greek economy, tax service head quits

Greece’s economy continues to shrink, but the pace of that contraction is slowing – supporting projections that the austerity-battered country will

Greece’s economy continues to shrink, but the pace of that contraction is slowing – supporting projections that the austerity-battered country will

Business

Eurozone recovery falters

The eurozone economy all but stagnated in the third quarter of the year. France’s recovery fizzling out and growth in Germany slowing. France –

The eurozone economy all but stagnated in the third quarter of the year. France’s recovery fizzling out and growth in Germany slowing. France –

Business

Spain finally out of two-year recession - just

There has been confirmation that Spain’s fragile economy has limped out of recession. The state statistics agency concurred with the Bank of

There has been confirmation that Spain’s fragile economy has limped out of recession. The state statistics agency concurred with the Bank of