Economy

Mexico is Latin American winner as Brazil spirals

Mexico is Latin American winner as Brazil spirals

It’s a tale of two economies for Latin America’s two largest countries. Brazil is in a political crisis and severe recession. Its president, Dilma Rousseff, could be impeached this year. Brazil’s debt has also been downgraded to junk status. Meanwhile, Mexico is growing, politics are relatively stable and its debt […]

Volkswagen’s former boss gets $8.2 million payout

Volkswagen’s former boss gets $8.2 million payout

Volkswagen’s former boss took home $8.2 million in 2015, while the company struggled with its biggest loss in its history. Martin Winterkorn, who was forced to resign in September as Volkswagen’s giant cheating scandal unfolded, received total of €7.3 million ($8.2 million) in 2015, including a €1 million ($1.1 million) […]

Americans’ confidence in economy at 2016 low

Americans’ confidence in economy at 2016 low

Americans’ confidence in the economy is sinking. It’s at its lowest level so far in 2016, according to the weekly survey known as the Gallup U.S. Economic Confidence Index. In fact, people’s perceptions of the economy haven’t been this poor since late August when stock markets around the world were […]

Venezuela orders 2-day work week

Venezuela orders 2-day work week

Blackouts, Zika, recession and now this: a two-day work week. This is life in Venezuela, a crisis-stricken country. Venezuela’s President Nicolas Maduro decided Tuesday night to shorten the work week to two days — Monday and Tuesday — in an effort to save energy and electricity. The country’s most important […]