Euro zone faces deepest downturn since early 2009, show PMIs

LONDON: The euro zone economy is on course for its weakest quarter since the dark days of early 2009, according to business surveys that showed companies toiling against shrinking order books in November.

Global economy week ahead: Looking for takeoff in US jobs

WASHINGTON: Sorting out trends in the US labor market is tricky business these days. There is plenty of evidence to support the view that unemployment is stalled at 8.3 percent for much of the year, and a case to argue that job growth is poised for takeoff.

Record number of Germans in work in 2011

The number of employed people in Germany hit a new record in 2011, said official statistics published on Monday, with more than half a million jobs created last year in Europe's top economy.