Author : EW News Desk Team

Income inequality surged during the first two years of the economic recovery as the top 7 percent of Americans saw their average net worth increase by 28 percent between...

Switzerland will renew restrictions on immigration from eight European countries starting from May, citing a steady increase in foreigners in the Alpine nation. The decision drew sharp criticism from...

China's centrally-administered state-owned enterprises (SOEs) have been given a 10 percent profit target for the rest of the year after growth figures in Q-1 fell short of an 8...

Greece’s government intends to “exhaust every means available” to claim additional World War II reparations from Germany beyond a 1960 agreement, confirmed its Foreign Minister Dimitris Avramopoulos on Wednesday,...

The U.S. government has sued Europe’s biggest drug maker Novartis for alleged healthcare fraud, accusing it of providing kickbacks to U.S. clinics to switch patients from generic drugs to...

Australia’s central bank, the Reserve Bank of Australia (RBA), will invest up to 5 percent of its foreign currency assets in Chinese government bonds, announced its Deputy Governor Philip...

German officials on Tuesday took turns to criticise European Commission President Jose Barroso for his recent remarks advocating an end for austerity, pledging to continue their “growth-friendly consolidation” policies...

The vulnerability of U.S. financial markets to computerised trading programs was exposed early Tuesday afternoon after a fake tweet detailing an attack on the White House erased nearly $200...

Credit ratings agency Standard and Poor’s has asked a U.S. federal judge to dismiss a lawsuit that claims the firm gave inaccurately high ratings to risky mortgage investments, deepening...

A United States proposal to force foreign banks to hold more capital is costly, unfair and potentially damaging to the global economy, said EU commissioner Michel Barnier, who warned...