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Jobs for life ? Don't count on it

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The European Central Bank has cut interest rates to a new record low of 0.25 percent, but what's really needed to get the region's economy going and reduce the record high unemployment rate is flexible labor markets, say experts.

S&P cuts France's sovereign credit rating

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Ratings agency Standard and Poor's cut France's sovereign credit rating to AA from AA+ on Friday, citing lack of progress in government reforms of the country's economy.

China faces tough balancing act as plenum looms

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Comments from China's premier this week just days before a closely-anticipated meeting of the country's top leaders, highlight the delicate balancing act they face in steering the world's second-biggest economy forward, say analysts.

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