Finance & Economics | WPN World People News

The old adage that diamonds glitter seems not to apply in Zimbabwe. The economy has failed to click despite the country discovering these precious stones about eight years ago.

Unemployment rate in the UK has reached a near 17-year high with a 0.1% increase in the November-January quarter over the previous quarter to reach an overall jobless rate of 8.4% in January.

The Brazilian government does not intend to directly intervene in the currency market, but will continue taking steps to stop the real from rising to a level that would make exports uncompetitive, Finance Minister Guido Mantega said Tuesday.

Mexico's automobile industry said it is willing to accept temporary quotas on its exports to Brazil as long as the restrictions are lifted after a period of no more than three years.

State-owned oil giant Petroleos Mexicanos said it sold 300 million Swiss francs ($327 million) worth of bonds on the international market.

Alex Trepelkov (L), Armando Lara Yaffar (C) and Michael Lennard brief journalists, UN Committee of Experts on International Cooperation in Tax Matters, brief journalists.

Alex Trepelkov (L), Armando Lara Yaffar (C) and Michael Lennard brief journalists, UN Committee of Experts on International Cooperation in Tax Matters, brief journalists.

A controversial trade pact between South Korea and the United States that becomes a reality Thursday has drawn skepticism from opposition politicians in South Korea who are not accepting it as a fait accompli.

China’s National People’s Congress is wrapping up 10 days of meetings in Beijing, where officials are laying out policy priorities. Among the biggest concerns is addressing the growing gap between rich and poor.

U.S. motorists have long had an infatuation with cars and the freedom to travel far and wide on the country’s open highways. But now drivers are getting squeezed by higher prices at the gas pumps.