A fresh wave of anti-austerity strikes hit Greece Wednesday as the leaders of the governing coalition struggled to finalize further spending cuts for the coming two years — without which the country will lose its vital rescue loans.
If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy.
Germany's highest court paved the way on Wednesday for the creation of Europe's 500-billion-euro ($640 billion) rescue fund, after it rejected calls to block it.
Central banks are being pressured by their political masters to solve a problem they cannot solve.
Stocks slipped on Wall Street as troubling economic news from China and the U.S. outweighed optimism about more stimulus from the Federal Reserve.
Officials at Egypt's main international airport were reducing a backlog of delayed flights and trying to placate angry passengers on Sunday, after two days of strikes left planes grounded and some travelers stranded.
Wall Street surged Thursday to multiyear highs after the European Central Bank provided more information about an unlimited bond-buying program that could save troubled countries from leaving the eurozone, possibly preventing another global recession from reaching the U.S.
European Central Bank President Mario Draghi on Thursday unveiled a long-awaited program to buy up bonds and help bring down the borrowing costs of Europe's struggling governments.
With the Fed eyeing unemployment in the country as a barometer on which to act, Friday's August Employment Report will be closely watched, prodded and dissected.
