Author : EW News Desk Team

German Chancellor Angela Merkel has warned citizens to be prepared for a tough year ahead and urged patience as the eurozone sovereign debt crisis extends into its fourth year....

Heightened production activities among its state-owned oil companies helped push Russia’s crude oil output to a post-Soviet era record high of 10.37 million barrels per day (bpd) last year,...

The United States’ long-running fiscal cliff crisis was finally resolved when the House voted on Tuesday to approve a Senate bill aimed at averting huge tax hikes and budget...

Japan’s population shrank by an estimated 212,000 people in 2012, claimed the nation’s Health Ministry on Monday, as concerns continue to mount the nation’s rapidly aging population and low...

The Organisation of Petroleum Exporting Countries, or OPEC, is expected to reap a record of more than $1 trillion in net oil revenues in 2012 as the annual average...

In a rare New Year’s Day address broadcasted on state television, North Korea’s supreme leader Kim Jong-Un vowed on Tuesday to make a "radical turnaround" for his country’s economic...

France’s Constitutional Council struck down on Saturday a plan to impose a 75 percent upper income tax rate, arguing that the so-called millionaire tax failed to “recognise equality before...

Global markets and headlines will remain focused on Washington this week, as US politicians scramble to strike a budget deal that would end the threat of massive spending cuts...

Beijing will introduce tough new laws as well as an “accountability system” to crackdown on rampant food safety violations, the official Xinhua news agency reported, a significant move aimed...

Three days to the edge of the metaphorical ‘fiscal cliff’ and still no clear deal in sight. What will happen if we go off the cliff, and just how...