The prime minister's chief spokesman said Friday that he doesn't expect Canada will be in a position to sign a free trade agreement with the European Union when the Canadian leader heads to Europe next week for the G-8 summit of world leaders.
Andrew MacDougall said that while the two sides have been negotiating for quite a while, Canada has not reached an agreement it is comfortable with.Full Story
China on Saturday reported a sharp slowdown in exports in May compared to the previous month while imports unexpectedly dropped, as the world's second largest economy grapples with slowing growth and sluggish overseas demand.
Overseas shipments rose just one percent to $182.8 billion last month, far lower than 14.7 percent recorded in April, customs authorities said in a statement.Full Story
More Americans hunted for jobs in May, and more companies filled them — signs of confidence and resilience for the slow-healing U.S. economy.
The 175,000 jobs employers added last month were the latest evidence that the economy could be poised for stronger growth in coming months despite tax increases and government spending cuts.Full Story
The economic outlook for Germany is brightening, its central bank said Friday, as improved trade and rising industrial output suggested Europe's biggest economy is slowly leaving recent weakness behind it.
"The outlook for the German economy has become brighter again following the slowdown towards the end of 2012," the Bundesbank wrote in its June monthly report.Full Story
French President Francois Hollande said Friday Japan's big spending and ultra-loose monetary policies aimed at boosting its flagging economy were "good news" for austerity-weary Europe.
On a visit to Tokyo, the Socialist leader also stressed his concern at regional tensions as Japan and China square off over disputed islands -- but slipped up verbally by confusing his hosts for the Chinese.Full Story
Britain's trade-in-goods deficit shrank by more than expected in April on the back of falling imports, boosting hopes over its slow economic recovery, official data showed on Friday.
The deficit dipped to £8.2 billion ($12.8 billion, 9.6 billion euros) in April, the Office for National Statistics said in a statement. That compared with a deficit of £9.2 billion in March.Full Story
Spanish factories cut production for the 20th straight month in April, official data showed Friday, sharply braking output of durable goods such as cars or washing machines in the midst of a recession.
Spain's factories and utilities lowered overall output by 1.8 percent over the year to April, after correcting for seasonal variations such as the number of working days in the month, the National Statistics Institute said in a preliminary report.Full Story
Qatar Rail has awarded four contracts to design and build railway lines worth $8.2 billion in the first phase of construction for the Doha Metro, a newspaper reported on Thursday.
"These four D&B contracts for the first phase of Qatar's ambitious metro rail include Red Line North, Red Line South, Green Line and Major Stations," said the Peninsula, an English-language daily.Full Story
Chinese state media Thursday welcomed Beijing's probe into wines from the European Union, warning of further action as the trade dispute intensified.
Fears of an EU-China trade war mounted after the Ministry of Commerce on Wednesday said it would investigate the alleged dumping of European wines "in a strict way".Full Story
The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.
However, the global lender placed much of the blame on its Greek and European partners, saying they were unprepared for the crisis and the harsh choices -- including a deep debt restructuring -- that may have made the first bailout work better.Full Story