Lawyers have a saying that hard cases make bad law. Whatever happens this weekend on a bailout for Cyprus will set precedents for the eurozone's future banking union, investor confidence in the single currency area and political relations among European states.
The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the U.S. economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts.
In a U.S. Congress riven by partisan conflict on deficits and guns, a circle of eight senators from both parties meeting several times a week might be on the cusp of a major legislative breakthrough.
South Africa faces the risk of a huge exodus of foreign investors who are seeing the plunge in the rand's value rapidly erode their stock and bond returns.
China is poised to launch its most serious economic reform drive since the 1990s after a series of top appointments at the weekend put the architects of Zhu Rongji's clash with state owned enterprises in charge of key economic agencies.
A hit imposed on Cypriot bank depositors by the eurozone has shocked and alarmed politicians and bankers who fear the currency bloc has set a precedent that will unnerve investors and citizens alike.
U.S. President Barack Obama visits Israel next week at the onset of spring — the “red line” previously drawn by his host, Prime Minister Benjamin Netanyahu, to trigger an attack on Iran's nuclear sites.
After nearly four years of often testy relations with Benjamin Netanyahu, U.S. President Barack Obama is about to try a different tack — going over the head of Israel's prime minister and appealing directly to the Israeli people.
The promise of a resources boom has Greenland's locals both eager and anxious, while the European Union sees it as a battleground with China, but the island is still a long way from producing anything.
Edith Windsor and Thea Spyer, the lesbian couple at the center of a major gay rights case set to go before the U.S. Supreme Court this month, were in many ways a typical New York power couple.