Magnitude 8.2 Earthquake Hits Russian Far East off Kamchatka
Holly Ellyatt
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Income inequality has been on the rise for three decades in the United States, according to the Congressional Budget Office, with the gap between the "haves" and "have-nots" currently at its widest point since 1967.
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"Kicking the can down the road," "fiscal cliff," and "river of debt" are just some of the words and metaphors driving the general public to distraction, according to a "List of Banished words" published by the Lake Superior State University.
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With gloomy economic forecasts, falling consumer confidence and poor retail figures adding to concerns over talk of the U.K. leaving the European Union, 2013 is set to be a tough year for the country, analysts say.
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South African President Jacob Zuma has kicked off five days of discussions over the country's economy, including the possible introduction of a mining tax and greater state intervention in the sector.
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Political intrigue in Rome is keeping investors, economists and even politicians guessing over who will actually run in Italy's 2013 elections and why.
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Global media reports that the former Italian prime minister Silvio Berlusconi announced his engagement have been dismissed by native Italians who say Berlusconi has been mis-translated.
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The U.K. government is lifting a ban on controversial shale gas exploration in an attempt to reap the rewards that shale gas has produced for the U.S. energy market.
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During a visit to the Bank of England on Thursday, the Queen was overheard asking whether a "lax" attitude to financial regulation had contributed to the financial crisis.
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Central bank quantitative easing programs have left little value in the credit markets, so investors should be looking for returns in European equities rather than bonds, Peter Oppenheimer, chief global equity strategist at Goldman Sachs told CNBC.
