Data showing inflation in Japan hit a new five-year high in October is news to cheer for sure. But it may take more monetary stimulus for inflation to hit the levels the Bank of Japan wants to see, analysts say.
Bitcoin’s recent meteoric rise in value to over $1,000 has shone the spotlight on alternative currencies, but bitcoin is not the only new digital currency vying for relevancy in 2013.
Buried somewhere under four feet of mud and rubbish, in the Docksway landfill site near Newport, Wales, in a space about the size of a football pitch is a computer hard drive worth more than £4m.
The United States might be posting some promising growth data amid government shutdowns and debt ceiling debates, but Albert Edwards, Societe Generale's uber-bearish strategist, has predicted a recession is coming for the world's biggest economy.
The Philippine economy grew at a slower-than-expected pace in the third quarter, and expansion in the current quarter is expected to be suppressed further in the wake of the devastating typhoon earlier this month.
Former Spanish PM Jose Luis Rodriguez Zapatero has said the problem with the euro zone is that its monetary policy was designed to aid Germany.
Scotland's campaign to break ties with the rest of the U.K. will kick off in earnest this week with the launch of the pro-independence campaign - but the economic implications of going it alone are still being fiercely debated.
Stronger consumer spending and a long-awaited pickup in investment were the driving forces behind Britain's economic growth during the third quarter, according to government data.
Slowing price growth in Europe is likely to reverse, according to one ECB official, adding that the central bank is ready to tackle any possible disinflation.
The past weeks have seen a surprising meeting of minds between chairman of the US Federal Reserve Ben Bernanke, the Bank of England, the Olympic-rowing and Zuckerberg-bothering Winklevoss twins, and the US Department of Homeland Security.