Germany Needs An Economic Turnaround, Says Finance Minister Lindner

Germany needs an economic turnaround in order to secure its geopolitical position, German Finance Minister and head of the Free Democrats FDP Christian Lindner said on Saturday.

Germans Spending Less This Christmas: Retail Association

Online and offline Christmas sales in Germany have slowed amid rising economic uncertainty, the managing director of the German Retail Association (HDE), Stefan Genth, told Frankfurter Allgemeine this week.

Nearly Half of Americans Worry Their Bank Deposits Aren’t Safe

Almost half of US adults say they’re worried about the safety of their deposits in banks and other financial institutions — levels of concern as high or higher than during the 2008 financial crisis.

Treasury Secretary Warns US House Members of 'Economic Collapse' from Default

US Treasury Secretary Janet Yellen urged members of the US House of Representatives on Friday to raise the federal debt ceiling without conditions, warning that a default on US debt would cause "economic and financial collapse".

Ukraine needs more external aid to prevent crisis: Official

Ukraine’s foreign partners need to increase their financial support for Kyiv to help it maintain financial stability during the war with Russia, an adviser to President Volodymyr Zelenskyy has said.

Germany says Russia gas cuts ‘economic attack’

“We must not fool ourselves: the cut in gas supplies is an economic attack on us by [Russian President Vladimir] Putin,” German Economy Minister Robert Habeck has said in a statement.

Moscow has weathered Western "blitzkrieg" of sanctions

Putin says that Russia’s economy has weathered a “blitzkrieg” of Western sanctions imposed in response to Moscow’s special operation.

Venezuela's President Orders 60% Increase in Minimum Wages Amid Crisis

Venezuela's President Nicolas Maduro has ordered on Monday another 60-percent increase in minimum wages amid ongoing crisis, which would benefit government workers and the military, media reported.

Venezuelan leader unveils 50 pct minimum wage hike

Venezuelan President Nicolas Maduro on Sunday announced a 50-percent increase in the minimum wage to help public-sector workers cope with runaway inflation.

Venezuela re-opens border with Colombia

Venezuelan President Nicolas Maduro has agreed to gradually re-open the country's border with Colombia after closing down travel for eight days in anti-"mafia" efforts.

Most German economists oppose Italy's exit from eurozone: survey

A large majority of surveyed German economists oppose exit of Italy from the eurozone, German research institute Ifo reported on Monday.

Italy can handle fallout from Renzi's resignation - Moscovici

Italy can handle the fallout from the resignation of Italian Prime Minister Matteo Renzi and the eurozone as a whole can manage all kinds of political shocks, European Commissioner for Economic and Financial Affairs Pierre Moscovici said.

Venezuelan gov't, opposition agree on mechanism for peaceful coexistence

Venezuela's government and members of the opposition reached agreement Saturday on a mechanism for peaceful coexistence, in which both sides pledged to uphold the constitution and agreed to adopt measures aimed at improving the supply of food and medicine in the country.

Egypt pumps $2 bn into banking system from bond issue

Egypt's central bank said Thursday that it had issued $2 billion in bonds to international creditors to buy up assets and restore liquidity to its troubled financial system.

Streets empty due to strike after Venezuela's Maduro orders 40% wage hike

The Venezuelan opposition on Friday is holding a nationwide strike against President Nicolas Maduro, who ordered a 40 percent minimum wage increase amid an economic and political crisis.

Venezuelan army takes over food distribution services. Nicolas Maduro on Tuesday put his military in charge of five sea ports

Venezuela's military has taken charge of food distribution and key ports to guarantee supplies of basic goods and medicines amid increasing shortages and mounting unrest.

Poor Venezuelans flooded the Columbia and buying commodities

Tens of thousands of Venezuelans fled to neighboring Colombia after opening for a short time closed almost a year ago border. Where they buy food and commodities, which their country has long been in shortage.

Refugee crisis could cause 'significant problems' to Greece. - OECD

The refugee crisis could shave as much as 0.35 percentage points off growth in cash-strapped Greece, the OECD said Thursday, warning that the flood of migrants could cause "significant problems."

Parts of Bulgaria recovering from economic crisis, regional differences deepen (study)

A growing part of Bulgaria has been recovering from the economic crisis, but differences in development between the northern and southern regions of the country deepened, a study said Monday.

Pacific summit to issue climate message to world

Vulnerable Pacific island nations will this week send the world an urgent plea for action on climate change at crunch talks in Paris later this year.