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EU scales back climate ambitions as economy bites

Goal Busted Net

The European Union set out new climate and energy goals for 2030 on Wednesday, proposing less stringent targets than in the past in a reflection of tougher economic circumstances and a desire to limit rising energy costs.

China economy grows 7.7% in fourth quarter

Chinese Flag

China's economy grew stronger-than-expected 7.7 percent in the final quarter of 2013 from the year-ago period, according to official data from the National Bureau of Statistics Monday. That's ahead of a Reuters forecast of 7.6 percent.



Mark Carney

Mark Carney rules out rate rise for now

Bank of England governor Mark Carney has said he needs to see faster economic growth, higher pay and more core inflation before he votes for the first interest rate hike in nearly a decade.