Economy News Headlines

CAIRO (Reuters) - At the end of January, a guest speaker drew an unusually large audience of diplomats to the 33rd floor auditorium at the Egyptian Foreign Ministry headquarters in Cairo. For latecomers, there was standing room only.

The European Central Bank is preparing to flood eurozone banks with cheap money again this week in the second of two such operations aimed at preventing a credit crunch in the euro area.

Chancellor Angela Merkel is expected to rally German lawmakers behind a Greek rescue deal in a vote Monday but faces opposition within her coalition against Germany stumping up any more aid.

European banks paid a heavy price for their Greek exposure in 2011 but for some at least the worst of the debt problems appear over, leaving them better placed to cope now with a eurozone recession.

pack-a-day clip. He watched his father die from lung cancer and his stepfather struggle with emphysema. He tried quitting six times before a state-funded cessation program helped him beat the habit in 2002.

Germany's interior minister on Saturday came out strongly in favour of debt-stricken Greece leaving the eurozone, arguing that this would would improve its chances of becoming competitive again.

The World Trade Organization will rule on Wednesday on an EU complaint against US state support for Boeing in a more than seven-year-old aerospace trade war, sources close to the case said.

The debt-wracked eurozone needs to build "the mother of all firewalls" to prevent the crisis spreading throughout the bloc, the head of the OECD said on Saturday ahead of a crunch G20 meeting.

Belgium must find about two billion euros if it is to make good on a pledge to the EU executive to bring down its budget deficit to 2.8 percent of GDP this year, press reports said Saturday.

ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.

in-law was jeered by hundreds of protesters, who pelted his car with eggs as he arrived at a court Saturday to answer questions about suspected fraudulent deals.

in-law was jeered by hundreds of protesters, who pelted his car with eggs as he arrived at a court Saturday to answer questions about suspected fraudulent deals.

WASHINGTON (AP) — President Barack Obama says there is no easy answer to the problem of rising energy prices and he's dismissing Republican solutions as little more than gimmicks.

PYONGYANG, North Korea (AP) — In his last public appearance, late North Korean leader Kim Jong Il went shopping.

KATERINI, Greece (AP) — Hammered by the financial crisis that has led to ever diminishing income, a group of residents in northern Greece have joined forces with potato farmers to slash consumer prices and ensure producers can get their crop to markets by cutting out the middle man.

MEXICO CITY (Reuters) - Euro zone leaders may not be able to meet international demands to ramp up their own funds for bailing out the bloc's debtors when they meet next week because Germany is showing no sign of dropping its opposition to the plan, euro zone officials said.

Vietnam's inflation fell for a sixth consecutive month in February to the lowest level in almost a year, according to official figures, following government efforts to concentrate on economic stabilisation.

SINGAPORE (Reuters) - A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.