World

Pope Benedict XVI: 5 Ways He Was Also an Economic Shepherd

Pope Benedict XVI was a moral and religious leader, but there's also a fiscal side to his legacy: He endorsed several positions that could affect the personal finances of millions of people. Here are five ways his papacy may impact our lives and pocketbooks.

Obama Expected to Call for Major EU Trade Talks in State of the Union

President Obama is expected to call for comprehensive trade and investment talks with the EU in his State of the Union speech tonight. An agreement that phases out tariffs, harmonizes product standards and reduces barriers to trade would have huge implications, far beyond economics.

Obama Agenda Will Confront GOP On Debt

Deficit spending got just a single mention in President Obama's inaugural address. But the outcome of the the long-running conflict with Republicans over his tax-and-spend policies will help shape the government's role in coming years, not to mention Obama's legacy.

Germany Is Bringing Home the Gold: 1,950 Tons of It

A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France.

Obama-Romney, the Final Round: 5 Things to Watch for Tonight

After two dramatic debates, in a tight race, we have come to this -- one final showdown that may decide who becomes the next president. In theory, it'll all be about foreign policy. In reality, it's about something much bigger. It's about leadership and decision-making ... and, as always, the economy.

Eurozone Unemployment Hits New Record High

Unemployment in the 17-country euro currency bloc hit another record high in May -- 11.1% -- as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.

OECD Warns of 'Severe Recession' Looming for Eurozone

The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from spreading.

Economically, What Happens in Europe Doesn't Stay in Europe

Sunday's elections in France and Greece were a firm vote against austerity, and regardless of the merits of either side of the debate, that means the future of the eurozone is again in doubt. Here's why the bond markets care so much -- and why you should, too.

2 Stock Plays to Take Advantage of Korean Upheaval

Two weeks ago, North Korean dictator Kim Jong-Il died and his son, Kim Jong-Un, took power. South Korea's stocks and currency fell sharply on the news -- which creates opportunities for long-term investors.

Tibetan Buddhist Leader Had Secret $1.35 Million Hoard

Buddhism is all about renunciation: To achieve nirvana, the Buddha teaches, one must crush desire. But one exiled Tibetan Buddhist leader -- the Karmapa Lama -- allegedly had an undeclared $1.35 million cash stash at his monastery in northern India.

Obama: World Economic Recovery on 'Firmer Footing'

Conceding a fragile global recovery and plodding job growth back home, President Barack Obama said Friday he is confident European leaders are fixing their ominous debt crisis that threatens to undermine the United States and his own shot at a second term.