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News
Volkswagen China growth slows to 10 percent due to capacity limits
Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.
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EU targets Ukraine separatists but is split on more Russia sanctions
European Union governments moved to put more Ukrainian separatists under asset freezes and travel bans on Monday but took no action to step up economic sanctions on Russia despite voicing alarm about an upsurge of violence in Ukraine.
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White House turns climate change spotlight to U.S. cities, towns
After announcing a major deal with China to curb emissions and a $3 billion pledge into a fund to help poor countries fight climate change last week, the Obama administration will turn its focus to American towns and cities to help them adapt to the impacts of global warming.
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Australia, China deepen ties with landmark free trade deal
China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world's second largest economy and one of Washington's closest allies in Asia.
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China's economy experiencing 'period of pain': vice minister
China's economy is going through a "period of pain" as authorities try to shift it toward slower, more sustainable growth, with the rapid expansion of its shadow banking sector a major problem, the vice finance minister said on Saturday.
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G20 commits to higher growth, fight climate change; Russia isolated over Ukraine
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
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German economy minister rejects tougher sanctions on Russia
German Economy Minister Sigmar Gabriel said on Sunday he does not believe tighter sanctions against Russia will help resolve the Ukraine crisis even though Chancellor Angela Merkel said on Saturday the European Union is considering further sanctions.
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Euro zone grows faster than expected in third quarter
Euro zone economic growth was stronger than expected in the third quarter, preliminary data showed on Friday, as France beat market expectations and Germany steered clear of a recession.
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