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economy

AFGHANISTAN

Kabul street crime on the rise, merchants say

The Afghan authorities may be playing down crime rates, but Kabul merchants say the streets are becoming more dangerous, with organized crime on the rise, and that this is jeopardizing the local economy.
USA - PROPERTY
Freddie Mac suffers further losses
The government-sponsored mortgage finance giant Freddie Mac reported a staggering 821-million-dollar net loss in the second quarter due to the ongoing US housing slump. The company's dividend was slashed by at least 80 percent.
GERMANY
German coalition wants to limit top salaries
The conservative CDU party now supports a proposal from the Social Democrats to cap the pay of business leaders, such as Porsche boss Wendelin Wiedeking (photo), Germany's best-paid executive.
ARGENTINA - POLITICS
Argentina's president defends tough stance
Argentina's first elected woman president Cristina Fernandez defended her position in a rare press conference Saturday. She has been trying to push through reforms while faced with large-scale protests.
USA - ECONOMY
US employers shed 51,000 jobs in July
US employers shed 51,000 non-farm jobs in July, marking a seventh straight month of job cuts as the economy struggles for momentum, a Labor Department survey showed on Friday.
01/08/2008 - face off

French tourism on the decline?

With 82 million visitors, France is the top tourist destination in the world today. But although the tourists keep coming, they aren't spending as much as before.
UNITED STATES - ECONOMY
US growth rate stays below 2%
According to the US government, the country's GDP grew at a rate of 1.9% in the second quarter. Consumer spending helped the US economy pick up after a bleak patch last winter, but the latest figures fell short of economists' expectations.
WTO - FAILURE
Wrecked WTO talks change global trade game
Ministers saw a "new order" take hold of global trade Wednesday, with emerging economies calling the shots more than ever. But the WTO talks collapse is a potentially devastating blow to millions of the world's poorest and most vulnerable.
CHINA - SURVEY
China - friend, foe or neither?
A FRANCE 24 / International Herald Tribune survey reveals that residents of five major European countries and the USA consider China an economic threat. But opinion differs on the political stance to be adopted at the Olympic Games in August.
WTO - FAILURE
Negotiators disappointed after WTO talks collapse
Political and business leaders across the world regretted that attempts to clinch a global trade deal failed on Tuesday. But more bilateral agreements may be underway.
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