World Economy

Restructure now or sink later, EU tells fishing fleets

Brussels - The European Union's fishing fleets should restructure rather than demanding aid to survive soaring fuel prices, the EU's executive said in a strongly-worded statement Thursday.

Soaring oil prices to fuel jump in European inflation

Oil PriceFrankfurt - Inflation in the 15-member eurozone jumped to 3.5 per cent in May, data to be relea

Many Europeans still without a bank account, study finds

EU extends Myanmar sanctionsBrussels  - One in five adults living in the Eur

Consumer confidence drops to lowest in 15 years

World EconomyWashington  - A key gauge of US consumer confidence dropped to its lowest level since

Vietnam inflation continues to soar

Hanoi  - Economists and financial officials worried Tuesday that Vietnam's inflation rate is worsening despite government measures to slow it, as new figures showed the consumer price index rose 3.

New Zealand economy slowing fast, think tank says

Wellington  - New Zealand's economic growth is slowing rapidly, and consumers have virtually stopped additional spending, according to the Institute of Economic Research (NZIER), the country's most

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