Efforts by world leaders to restore confidence have failed miserably as markets plunged to new lows on Tuesday, on fears of another global recession.
A plunging stock market may force the Federal Reserve to step in and keep America from sliding back into recession.
US President Barack Obama said on Monday he inherited many of the country’s problems with high debt and deficits when he entered the White House.
A slowing US economy, growing debt crisis in Europe and South Africa’s economic outlook: read our preview of this week’s finance news.
The United States’ biggest creditor, China, bluntly criticised the superpower one day after the superpower’s credit rating was downgraded.
Credit rating agency Standard & Poor’s on Friday downgraded the US credit rating for the first time since 1917.
<strong>Richard Adams</strong> examines the outcome of the deal raising the US government’s debt ceiling.
President Mutharika faces further protests and a loss of desperately needed aid if he fails to address Malawi’s problems, civil groups and the US say.
TheUS was headed toward an unprecedented default, and all Washington wanted to talk about was the manner in which the president had left a room.
Panama’s ex-strongman Manuel Noriega on looks set return home — and go straight into custody there — after more than two decades in foreign prisons.
The governments of the US and other countries, major defence firms and the UN have all been targeted in a massive cyber spying campaign, McAfee says.
McAfee says it has found the biggest series of cyberattacks to date involving the infiltration of the networks of 72 organisations, including the UN.
President Obama says legislation to raise the US debt ceiling and cut spending is only the first step toward ensuring the US lives within its means.
A last-gasp deal to raise the US borrowing limit cleared its biggest hurdle in Congress on Monday, warding off the risk of a debt default.
Russia’s Prime Minister Vladimir Putin says the US is living beyond its means and acts "like a parasite" on the global economy.
Europe and the US have embarked on a new bid to convince UN Security Council members, including SA, to condemn al-Assad’s deadly crackdown in Syria.
President Barack Obama on Sunday announced a last-minute deal to raise the US borrowing limit and urged lawmakers to "do the right thing".
Hopes have emerged that US lawmakers are close to a last minute deal that could raise the US debt ceiling.
Ten years on from the 9/11 attacks, the project to rebuild New York’s World Trade Centre site is still riven by political and professional infighting.
A peer review report has shown the need for greater coordination among US departments in solving their debt crisis.
A bitter divide remained in the US before Tuesday’s deadline to raise the country’s debt ceiling, to avoid a crippling default.
Federal courts have ruled that human genes can be patented, which could have big implications for biotechnology and pharmaceutical companies.
The US and North Korea have completed talks without progress on attempts to persuade the Asian country to scrap its nuclear weapons programme.
Efforts to avoid an unprecedented US debt default suffered a new blow on Thursday when fiscally hardline Republicans blocked a budget deficit plan.
Former US president George Bush says his apparent lack of reaction to the news of the September 11 attacks was a decision to project an aura of calm.
The US is about to bump against its borrowing limit. If the limit isn’t raised the US will default on its debt or drastically reduce state spending.
Top Republicans and Democrats worked behind the scenes on Wednesday on a compromise to avert a crippling United States default.
The presumption of innocence is extended to defendants but any past infraction can be used to torpedo Diallo’s credibility.
A Republican plan to break a congressional deadlock over raising the US debt limit has stumbled amid delays and a revolt by fiscal conservative.
The New York Public Library will waive the outstanding fines of 143 000 children now barred from borrowing new items if they do one thing: read.
First she was portrayed as a model of virtue who was violated by a rich and powerful man. Then she was presented as a liar and a schemer.
The US standoff over debt plans offers little hope of compromise, increasing the threat of a ratings downgrade that could sow chaos in global markets.