• Merkel Softens...Cameron Hardens...Spain Punts

    By CARLOS RUANO and ANDREAS RINKE, Reuters

    Chancellor Angela Merkel underlined Germany's readiness to use all instruments to maintain stability in the eurozone on Thursday, fueling expectations that Spain may soon decide to seek help for its...

  • China Cuts Interest Rate on Growth Worries

    By KEVIN YAO and NICK EDWARDS, Reuters

    China delivered a surprise interest rate cut on Thursday to combat faltering growth, underlining concern among policymakers worldwide that the euro area’s deepening crisis is threatening the health...

  • US Military Equipment Built with Counterfeit Parts

    By Merrill Goozner, The Fiscal Times

    The U.S. Defense Department has purchased more than a million Chinese-made counterfeit parts that find their way into the goods supplied by leading defense contractors, a new study from the Senate...

  • Eurozone Crisis Has Investors Heading for the Grexit

    If you were writing the story about the financial crisis and the euro crisis as a work of fiction, your editor would say you've jumped the shark. Who would believe that after signing a $43 billion...

  • Young Workers in China: 'We're Human, Not Machines'

    By SUI-LEE WEE, Reuters

    The shifting expectations and opportunities of tens of millions of young Chinese workers from the countryside who have turned their country into a workshop of the world are worth noting: Their...