Author : EW News Desk Team

The United States economy is worth approximately $15.8 trillion and more than two thirds of that amount is spent on consumption. But how do ordinary Americans spend their money...

Last week's US budget deal and better-than-expected jobs data helped lift the S&P500 to a five-year high. But expectations for the New Year are subdued: the clock is ticking...

The presidents of neighbouring Sudan and South Sudan have agreed to set up a demilitarised zone along their disputed border region “without further delay,” reported Reuters on Sunday, in...

The world's top banking regulatory body, the Basel Committee on Banking Supervision, has agreed to relax a global banking liquidity rule aimed at preventing future financial crises, reported AFP...

Despite maintaining aggressive stimulus measures that have been credited with aiding economic recovery, minutes from December’s Federal Reserve meeting show that officials are increasing split over when to halt...

Wegelin & Co., the oldest Swiss private bank, said on Thursday it would shut its doors permanently after pleading to a criminal conspiracy charge in the U.S. and admitting...

France may have one of the best overall healthcare systems in the world, according to the World Health Organisation at least, but the government’s national health insurance policy may...

Tourists and pilgrims headed to the Vatican City this year must be prepared to pay for any museum tickets, souvenirs and services using cash or cheque only, reported the...

The last minute U.S. budget deal may have spared millions of Americans the burden of higher taxes amid a weak economic climate, but if American politicians can come so...

Portugal’s President Aníbal Cavaco Silva has appealed to the nation's highest court to rule on the legality of the country’s 2013 budget, after he expressed doubt over the budget's...