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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