Economics

Eurozone business still going backwards

Europe’s persistent downturn is showing few signs of abating. The decline in business activity in the 17-nation eurozone slowed in May, but surveys published Thursday suggest the region’s longest recession will extend into another quarter. Financial data provider Markit said its flash reading of eurozone purchasing managers’ sentiment rose to […]

Apartment construction slows sharply

A sharp pullback in apartment and condominium construction led to a big decline in overall home building in April, even as single-family home construction remained strong, according to government data released Thursday. The Census Bureau reported that housing starts fell 17% in the month to an annual pace of 853,000. […]

New WTO leader faces rough road ahead

by Veronica DeVore, swissinfo.ch May 8, 2013 – 17:08 Brazil’s Roberto Azavedo, announced as the new Director-General of the World Trade Organization on Wednesday, is a savvy “dealmaker” but will face a host of challenges in his new position, says former Swiss WTO negotiator Luzius Wasescha. Azevedo, who will be […]