Global Economy

Gazprom, oil-link vs spot gas prices, and storage

Doubts Over EU's Proposals for Saving U.S. Trade Deal

Labor’s Might Seen in Failure of Trade Deal as Unions Allied to Thwart It

The force assaulting the euro

The force assaulting the euro

Nato defence spending falls despite promises to reverse cuts

Europe's failure to pay its way in Nato is seriously worrying the US, which already provides 75% of all Nato defence expenditure (the US spends 3.8% of its GDP on defence).

Without any of its own maritime patrol aircraft, the UK recently had to request the help of Nato allies to search for suspected Russian submarines off the west coast of Scotland. In Germany there have been reports of serious malfunctions in military equipment.

Piles of Overseas Profits Investors Can See but Not Touch

Mr. Ribadu once estimated that between independence and the end of military rule in 1999, Nigeria had lost more than $380 billion to corruption and mismanagement. In recent years, tens of billions of dollars have been siphoned from a federal oil revenues account, with virtually no accounting for it.

Still, some say legislators have lost touch with the poor districts they represent. Per capita income is about $463 a year, which nobody here would expect a lawmaker to survive on. Minimum wage is $924 a year, still far too little, in most Kenyans' view, for someone taking care of the nation's business. But the base compensation that legislators earn is about $81,000 a year, tax free, plus a variety of allowances and perks, which can effectively double their take-home pay. That means those public servants earn more than most Kenyan corporate executives and outstrip the salaries of many of their counterparts in the developed world.

Perils in Trade Deals When Factories Close and Towns Struggle

How Two-Tier Union Contracts Became Labor's Undoing

Changing Course, Russia Will Sell Rubles Instead of Buying

Windmills Overload East Europe’s Grid Risking Blackout: Energy

U.S. Ports See Costly Delays as Cargo Ships, Volumes Grow

Is Your Car Made in America?

Germany's New Export: Jobs Training

As Boardroom Struggle Ends, Volkswagen Looks to the Future

Foxconn’s robotic workforce isn’t precise enough to assemble iPhones

Insight: Brazil's iPhone investment falls short on promises of jobs, lower prices

Greece Must Walk the Talk, and Soon