EU's gas-saving efforts encounter opposition

Russia's threat to gas supply has forced Europe to make a difficult decision: either start saving for gas this summer, or risk having a colder and less prosperous winter.

In response, the EU developed a "war economy" plan that calls on nations to share economic losses. To ...

CABINET OFFICE OF JAPAN TO DECLARE THAT THE COUNTRY HAS ENTERED INTO RECESSION

Highlights –

• Cabinet Office of Japan to declare that the country has entered into recession.
• This ends the economic expansion that lasted for 71 months.
• In December 2012, the latest streak of economic growth began.
• The cor...