business & economy
Later this month, General Motors will temporarily stop production on its plug-in electric hybrid, the Chevy Volt. Sales of the vehicle have been below expectations and rather than start discounting the vehicle, General Motors will try to sell through inventory before restoring production.
Geir Haarde is thought to be the first world leader to be put on trial for his role in his country's 2008 economic crisis. The trial of the former Iceland prime minister started on Monday.
As Myanmar is slowly welcomed back into the international community, and as it makes political reforms that have many in the country feeling free, finally, to speak their mind, locals are wondering when economic reforms will come around.
A new phenomenon, called “Cash Mobs,” is spreading across the country, changing the way people view local businesses. Similar to flash mobs, Cash Mobs organize customers to spend money at struggling locally owned businesses to support their community.
The austerity measures that Greece agreed to in order to receive its latest round of bailout funds are likely to only prolong the misery of Greeks who find themselves without jobs and without a place to live.
On paper, Kosovo's economy is growing faster than any other country in Europe. But that's due in large part to Kosovars living abroad and sending money to family back home. Take that out and the economy stumbles.
Chinese Vice President Xi Jinping along with several Chinese leaders visiting Iowa on Feb. 15 agreed to purchase $4.31 billion worth of U.S. soybeans from Iowa farms. China is expected to sign more deals with a total record purchase of 12 million tons of soybeans this year.
The Greek economy is in shambles and not really showing any signs of improving. That's led many to look abroad for opportunities — but a lot of times the landings abroad aren't much better. It's also put a crimp in the plans of many who'd gone abroad with hopes of one day returning.
In Juarez, Mexico, the once-bustling nightlife had been dead for years as violence erupted in the city. But, in recent months, as police have setup checkpoints and drug violence has stabilized and perhaps even subsided, the nightlife is returning.
As Europe's economy struggles through more bad news — debt downgrades, economic contraction and political unrest — at a meeting in China on Tuesday European leaders were told China would help them with their economic problems. But the promise was backed with few specifics.