Economic Crisis | featured news

Rising unemployment in Europe and the U.S. invites instability.

Almost every industry and almost every part of country in dire economic condition, report shows.

Investors have largely panned the stimulus package that President Obama signed into law last month. But stimulus in China? Now that's a different story.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

British Prime Minister Gordon Brown is to strike a decidedly anti-protectionist note in an address to Congress, telling lawmakers that the "major challenges we all face are global."

The financial crisis and a series of scandals has Irish workers fuming -- and likely to take it out on the government.

Breaking up is hard to do -- perhaps even more so during a recession.

Federal Reserve Chairman Ben Bernanke on Tuesday urged bold action action to pull the economy out of a deepening slump, even if it means a surge in U.S. government debt.

Rebecca Hodges, who's been unemployed for a year, sat down at a computer in a public library in New York.

The U.S. economy suffered its deepest contraction since early 1982 in the fourth quarter, shrinking at a much worse-than-expected 6.2 percent annual rate as exports plunged and consumers slashed spending.