London’s homeless rate has increaed by more than two-fifths over the past year. The number of rough sleepers on London’s streets has increased by more than two-fifths over the past year as many Britons are struggling to make ends meet within the country’s stagnate economy. The number of people classed as homeless and in need of emergency accommodation has soared 43 percent in the British... 

Demonstrators take part in an anti-government protest in Ljubljana, Slovenia on December 21, 2012. Thousands of Slovenians have taken to the streets in the capital Ljubljana to express their anger over new austerity measures imposed by the government. The demonstration, which was reportedly attended by more than 5,000 people, took place on Friday near the country’s parliament where protesters chanted... 

Thousands of Argentinean workers have streamed into the streets of Buenos Aires to demand higher pays and lower income taxes, Press TV reports. In the third anti-government rally in Argentina since August, top trade unions demonstrated against President Cristina Fernandez de Kirchner government’s economic policies and the country’s spiraling inflation on Thursday. Protesters, backed by the trade... 

Demonstrators hold “No” signs while surrounding the Spanish parliament to protest against spending cuts in Madrid. The Spanish parliament has adopted a 39-billion-euro (52-billion-US dollar) austerity package as the debt-ridden eurozone country battles to reduce its budget deficit. On Thursday, the lawmakers voted for the cuts in the 2013 budget, which slashes spending for health care and education,... 

European Central Bank (ECB) Governing Council member Erkki Liikanen Member of the European Central Bank (ECB) Governing Council Erkki Liikanen warns that the worsening financial condition in the eurozone may endanger the ‘German economy’. “Economic developments are causing us concern. No country is immune to the effects of the (EU) debt crisis. Not even the German economy,” said Liikanen on... 

Did you see the huge crowds of protesters that flooded the Michigan Capitol on Tuesday? They were there to protest two bills there were being considered by the state legislature that would limit the power of unions in the state. Michigan lawmakers approved the bills and this absolutely infuriated the protesters. There is a lot of passion on both sides of this debate, but I am afraid that both sides... 

Jobless Greeks wait outside an unemployment bureau in the capital Athens. The official Greek unemployment rate has risen to 26 percent as the near-bankrupt eurozone country heads toward a sixth year of recession. The Greek statistics office ELSTAT announced on Thursday that the jobless number rose to 1.295 million in September, pushing up the unemployment rate from 25.3 the previous month and 18.9... 

A shocking report issued today by the Federal Migration Service (FMS) is warning that local services in Moscow and St. Petersburg are being “overwhelmed” due to the growing number of American and Western European refugees flooding into Russia, a situation, they say, was made even worse this past month with the reelection of President Obama. The FMS is the federal executive body that implements... 

Workers marching in downtown Naples, in southeast Italy, during a protest to demand new job opportunities. Official data show that the unemployment rate in the eurozone hit a new record high of 11.7 percent in October as the 17-nation bloc continues to grapple with a worsening financial crisis. The Eurostat data agency said on Friday that a total of 18.7 million people were out of work in October,... 

The Fitch ratings agency has downgraded Argentina five notches, saying the country could default on its obligations to US creditors. That’s after a US judge ordered Argentina to set aside $ 1.3bn for debt repayment by December 15. The rating agency cut its long-term rating for Argentina to “CC” from “B,” with the short-term rating being cut to the level one step above default – to “C”... 

Bankia’s headquarters in Madrid Spain’s nationalized Bankia says it plans to cut 6,000 jobs by laying off about 28 percent of its staff over the next three years. The announcement on Wednesday follows a preliminary report on Madrid’s overall economy by the Spanish Central Bank suggesting that the country’s job-killing recession is expected to persist into the final quarter of 2012. Bankia’s... 

Credit rating heavyweight Moody’s Investors Service has stripped France of its top AAA rating to Aa1 with a negative outlook, sending a warning to President Hollande’s endeavours to rebuild French economic growth and credibility. ­Moody’s said its decision to downgrade Europe’s second largest economy reflects France’s deteriorating economic outlook, the recession in the wider Eurozone... 

Major US electronics corporation Texas Instruments Inc. (TI) plans to eliminate 1,700 jobs. Major US electronics corporation Texas Instruments Inc. (TI) has announced plans to slash its global workforce by 1,700 people as a ‘cost-cutting’ measure. The move, announced Wednesday by the Dallas-based chipmaker, is part of the TI’s plan to discontinue its mobile business, according to the company’s... 

Massive anti-austerity strikes and protests swept across Europe as millions took to the streets to express their frustration over rising unemployment and dire economic prospects. Many rallies ended with violent clashes with police. Workers marched in 23 countries across Europe to mark the European Day of Action and Solidarity. General strikes had been called in Spain and Portugal, paralyzing public... 

2300 GMT: Protesters in Barcelona burn two police cars forcing officers to respond with rubber bullets. Several people injured. ­2200 GMT: A group of protesters have set a barricade on fire on Madrid’s Santa Maria de la Cabeza street, El Pais reports. 1945 GMT: At least 118 people have been detained across Spain, according to El Pais. At least 40 have been injured, 18 of them police officers. 1930...