washington - Austerity or growth? Europe’s struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both.Projections unveiled this week by the Congressional Budget Office indicate the US deficit will shrink more than 40 ...

Aylesbury - The Group of Seven top economies kick-started fresh talks on spurring growth Friday amid US-Europe divisions over the scale of austerity and renewed market focus on “currency wars” after the yen hit new dollar lows.The two-day G7 meeting in Aylesbury, northwest of London, is ...

madrid - Workers hit by lower living standards and record high unemployment staged May Day protests across Europe on Wednesday, hoping to persuade euro zone governments of the case for easing austerity measures and boosting growth.Thousands of protesters marched in Madrid, snaking up the Gran Via ...

  madrid   Tens of thousands of angry protesters staged traditional May Day rallies in several countries of the crisis-wracked eurozone on Wednesday, as fury erupted at demonstrations inBangladeshafter a deadly building collapse. Thousands took to the street in Spain, some brandishing ...

dublin - Readers of Ireland's largest-selling daily newspaper were confronted by an unexpected front page headline this week when the Irish Independent proclaimed the 'End Of Austerity'.In a country that began cutting spending and hiking taxes almost five years ago, well before the scale of the ...

london - A senior member of the International Monetary Fund added to calls Saturday for Britain to slow the pace of its austerity programme, a day after the country was stripped of its triple-A rating.David Lipton, the IMF's first deputy managing director, said the "pace of consolidation" should be ...

ATHENS  - Greece’s cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a 130-billion-euro (£107.9 billion) rescue seemed within reach, while the euro zone considered modifying a deal with private creditors to help Athens debts.After months of often ...

Greek leaders finally agreed to a series of austerity measures, the first step toward securing a €130 billion bailout that Greece so desperately needs. A government official confirmed to CNN that a deal has been reached. And at least two of the three parties that form the coalition government ...

LONDON (AFP) - Hundreds of thousands of demonstrators marched in London Saturday in protest at the governments austerity measures, amid a heavy police presence that failed to stop outbreaks of violence. Huge crowds thronged the streets of the British capital holding banners and playing music in the ...

LAHORE - Punjab Chief Minister Muhammad Shahbaz Sharif has said that flood has awakened the nation and it is time to build and strengthen Pakistan. He said that the nation has to put the country on the road to progress with a renewed passion and commitment. He said that the federal and provincial ...

LONDON (AFP) - Britain faces an age of austerity as the new coalition government readies aggressive cuts in public spending to slash the deficit, Treasury minister David Laws told the Financial Times on Saturday. Laws, chief secretary to the Treasury in Prime Minister David Camerons coalition, will ...

LAHORE - Provincial Minister for Finance Tanvir Ashraf Kaira has said that simplicity and austerity drive would continue in all departments and our government would not allow spending more money as allocated in budget. According to an official handout, he expressed these views while presiding over ...

LAHORE - PIA management has signed a new agreement with a five star hotel despite an already existing agreement which will cost national flag carrier an additional burden of Rs43.53 million per annum at Rawalpindi station, revealed a document available with The Nation. A subordinate officer of ...

Iraqi forces launched a major hunt for Al-Qaeda gunmen in the restive province of Diyala on Thursday after 35 people were killed in an ambush of a police convoy. Wednesday's attack, which saw the entire patrol wiped out, was one of the deadliest against police in recent months despite massive ...