World Economy

Icahn launches Yahoo proxy fight with eye on Microsoft deal

Yahoo & MicrosoftSan Francisco  - Billionaire investor Carl Icahn on Thursday officia

World economic growth to drop steeply in next two years, UN says

World economic growth to drop steeply in next two years, UN says

Euro area inflation confirmed at 3.3 per cent

Brussels - Annual euro area inflation was confirmed at 3.3 per cent in April, with final results Thursday showing that rising food and oil prices were largely to blame.

Slovak GDP slows down in first quarter

Bratislava - The Slovak economy slowed down in the first quarter of 2008 to 8.7 per cent year-on-year from a record 14.3 per cent the previous quarter, according to government's preliminary data re

Austrian GDP grows unexpectedly in first quarter of 2008

Vienna  - Austria's real GDP growth increased by 0.8 per cent in the first quarter of 2008 from the final quarter last year, Austria's Institute for Economic Research (WIFO) said on Thursday.

Millions of Indonesian poor to receive fuel subsidies

Jakarta - Anti-government rallies didn't abate Thursday as the Indonesian government was set to pay the equivalent of 1.55 billion dollars cash to about 19.1 million impoverished families to help t

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