Bundesbank cuts growth outlook as crisis bites
FRANKFURT - Germany's Bundesbank cuts its growth outlook and now expects the euro zone's largest economy to barely grow in 2013, while it also points to risks of a recession as the euro zone debt crisis takes its toll. Full Article
October manufacturing output weakest since June
LONDON - British manufacturing output fell in October at the fastest pace since June, reinforcing fears the economy will shrink again in the final three months of the year having just exited recession.
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U.S. likely to extend Iran sanction waivers
WASHINGTON - The United States is likely to give India, South Korea, Turkey and others another six-month reprieve from financial sanctions because they have reduced their purchases of crude oil from Iran, U.S. government sources say. Full Article
Apple to return some Mac production to U.S.
SAN FRANCISCO/NEW YORK - Apple plans to move some production of Macintosh computers to the United States from China next year, in what could be an important test of the nascent comeback in U.S. electronics manufacturing. Full Article | Video
A migrant's tale in Greece
SALAMINA, Greece - Egyptian immigrant Waleed Taleb says demanding his unpaid wages in Greece came at a heavy price; 18 hours chained and beaten by his boss, a stint in jail and orders to leave the country he calls home. Full Article
Private firm plans "affordable" lunar mission
SAN FRANCISCO - A Colorado start-up run by former NASA managers plans to conduct missions to the moon for about $1.5 billion per expedition, a fraction of what a similar government-run operation would cost. Full Article
Chinese miners rescued after five days
Dec. 7 - Four Chinese miners are rescued after being trapped for more than five days in a flooded mine. Rough cut (no reporter narration).
Latest Headlines
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Buba warns of recession
Germany could fall into recession, warns the Bundesbank, slashing its 2013 GDP outlook. But central bank liquidity, not growth, is driving markets says Schroders. Plus, the latest on Egypt's crisis. Video
HP breakup is on tech world’s 2013 agenda
David Packard and William Hewlett may be Silicon Valley’s answer to Romulus and Remus in Rome’s founding story, but the era of their brainchild as an everything-to-everyone conglomerate is coming to an end. Commentary
Boris Johnson intervention reduces Brexit chances
London’s mayor says he will campaign to keep Britain in the EU provided it can negotiate a pared-down relationship based on the single market. Although Johnson is overestimating the UK’s negotiating strength, he is one of the few people who could sell Europe to sceptical Britons. Commentary | Video
Can we trust the Autumn Statement?
The two budget statements the Chancellor gives each year are useful not only for the public, but also for investors in our debt, rating agencies and global businesses. Hence they are a big deal, and it is important that they are accurate. However, the latest statement delivered by George Osborne didn’t quite ring true. Commentary
The Leveson Whitewash
The Leveson Report not only appears to be totally relaxed about the close relationships between press and politicians we have seen exposed in recent months but, even worse, it is apparently unconcerned about the role played by the police - which is the most disturbing aspect of the whole sorry tale. Commentary
Economics for Christmas
The holidays are a good time to think about the fundamental weaknesses of conventional economic theory. Frenzied gift-buying cannot easily be reconciled with a Scrooge-like “economic man”. For more realistic analysis, start with a more generous view of human nature. Commentary
Britain’s two cheers for Carney
It is essential for Britain to have a central banker who understands the importance of international finance for global economic growth. Because of Britain’s history of profiting from this industry, this justification may sound more convincing if it comes from somebody who is not, himself, British. Commentary
Amazon's billion-dollar tax shield
LUXEMBOURG - Amazon has used inter-company payments through Luxembourg to build a $2 billion dollar cash pile out of reach of U.S. tax authorities, which it has used to help finance its expansion. Full Article
Best photos of 2012
The conflict in Syria escalated, Hurricane Sandy struck the U.S. Northeast and London hosted its third Olympic Games. Reuters photographers offer a behind-the-scenes account of the images that helped define the year. Slideshow
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