Spain’s unemployment has increased sharply in October, leaving some 87,000 more Spaniards without work, data from the labor ministry shows. The ministry released the data on Tuesday, putting the number of registered jobless last month at 4.81 million. The increase followed another rise in September of over 25,000 people. Analysts say the reason for the two months of decline is due to layoffs in... 

US President Barack Obama has called on the National Security Agency to halt spying on the headquarters of the International Monetary Fund and World Bank in conjunction with a review of surveillance activities, Reuters reported. A US official told the news agency that President Obama curbed the spying within the last few weeks, around the same time he told the NSA to stop eavesdropping on the United... 

The German ambassador in Athens Wolfgang Dold, spoke of investments planned to take place in Greece by German companies. When will they invest? After the EU, IMF and others directed entirely from Berlin, are finished looting everything in our country. Then the Germans and other foreign entities that exploit human souls will “invade” to analyze everything. Public property already is being sold... 

Official figures show that the unemployment rate in Spain has increased again with nearly five million people out of work in the recession-hit country. Figures released by Spain’s Labor Ministry on Wednesday indicated that the number of people registered as out of work rose by 25,572 people in September. The ministry added that the total number of unemployed people in Spain remained at around 4.7... 

A Siemens employee works on a rotor of a gas turbine in a plant in Berlin The German powerhouse in electronics and electrical engineering, Siemens AG, is planning to axe 15,000 jobs over the next year as the economic crisis in Europe continues to worsen. “The ongoing and planned workforce adjustments in the context of Siemens 2014 are about 15,000 positions worldwide, of which about 5,000 are in... 

With the US debt ballooning to a new record of $16.7tln and the deadline to fix the ‘debt ceiling’ expiring on October 1, a default threat looms over the world’s largest economy. Experts agree the government will broaden its borrowing limit. The latest warning to Congress comes from the International Monetary Fund, who urged the US Congress to reach an agreement to raise its debt ceiling and... 

The bailout would save Cyprus from bankruptcy and possibly guarantee its future in the eurozone. International Monetary Fund (IMF) has agreed to grant 84.7 million euros (USD 113.1 million) in financial aid to Cyprus, as part of a 10-billion-euro bailout program to the debt-stricken country. On Monday, the IMF said it agreed, in partnership with the European Union, on the bailout package for Cyprus,... 

Official data shows Greece’s unemployment rate rose to a new record high in July as the country continues to grapple with a recession-hit economy following the implementation of tough austerity measures. The Greek Statistical Authority said on Thursday that the jobless rate rose to 27.9 percent in July from 27.6 percent in June, marking a sharp rise compared to last year when the jobless rate stood... 

German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general election on September 22. “There... 

Fresh data show that the unemployment rate in debt-ridden Greece hit a record high in May, with youth accounting for the largest jobless number. Greece’s jobless rate reached 27.6 percent in May, up from 27.0 percent in April, according to a report released on Thursday by Greece’s statistic service LSTAT. The agency added that the youth aged between 15 and 24 were hit the hardest with a 64.9 unemployment... 

Brazil’s executive director at the IMF Paulo Nogueira Batista Latin American countries have refused to endorse a recent move by the International Monetary Fund (IMF) to release 1.7 billion euros ($2.29 billion) of rescue loans to Greece. Paulo Nogueira Batista, who represents Brazil and 10 other Latin American countries on the IMF executive board, revealed on Wednesday that the group refused... 

Protesters attend a demonstration in Athens, Greece, July 8, 2013. Tens of thousands of Greek municipal workers have staged a strike to protest against the massive public sector layoffs enacted by the government in order to secure promised loans. Greek civil servants including policemen and schoolteachers took to the streets outside the Administrative Reform Ministry in Athens on Monday, as the government... 

Cypriot women hold a protest outside the parliament, which was to debate a 10-billion-euro EU bailout, in the capital Nicosia on April 30, 2013. The European Union has handed over the first installment of a 10-billion-euro bailout to Cyprus as part of the aid package agreed earlier this year. The bloc’s European Stability Mechanism said in a statement on Monday that Cyprus received two billion... 

People protest against government austerity policies at Lisbon’s main square, Praca do Comercio, March 2, 2013. Portugal has announced a fresh round of spending cuts in order to obtain the approval of international lenders and secure additional funds for the debt-ridden country. The Portuguese government said on Thursday that it plans 800 million euros of spending cuts this year on public sector... 

Portuguese people protesting against austerity measures The economic crisis in Portugal is forcing an increasing number of people in the recession-mired eurozone country to turn to food banks for help. “We have more people asking for our help every year, the list is growing so fast that we had to do something that isn’t our policy: create a waiting list,” said Rogerio Figueira, a volunteer with...