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European Council President Herman Van Rompuy in Brussels on May 22, 2013

European Leaders Take Steps in Cracking Down on Tax Fraud

Measures include automatic exchange of bank information to catch cheats More

'Cash Mob' Phenomenon Supports Local Business

Trend, organized through social media, is based on concept of 'flash mob,' but instead people show up to spend money More

$Worker checks water levels, temperatures in a series of tanks at an Encana Oil & Gas (USA) Inc. hydraulic fracturing operation at a gas drilling site outside Rifle, Colorado, March 29, 2013.$

US Oil Surge Could Impact Mideast Geopolitics

New report says America will become energy self-sufficient in 20 yearsMore

A woman wears a face mask as she walks past a poster showing how to avoid the H7N9 avian influenza virus, by a road in Beijing, April 24, 2013.

Bird Flu Costs in China Set at $6.5 Billion

Meanwhile, consumers shun chicken, health officials make gains in controlling deadly virus More

People line in front of automated teller machines in Hatay, Turkey, May 17, 2013.

Turkey Seeks to Benefit From Islamic Banking Sector

In new strategy, secular government hopes to capitalize on demand for banking services that comply with Sharia law More

More Economy & Business News

Apple CEO Tim Cook, center, is surrounded by his team during a break from testifying on Capitol Hill in Washington, May 21, 2013.

Apple Defends Tax Avoidance

Apple says it paid about $6 billion in US taxes in 2012, but investigators say it would have had to pay billions more without overseas accounts

Senate Panel Accuses Apple of Using Complex Tax Loopholes

Senate committee says Apple has avoided paying taxes on billions of dollars in profits

On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable

Bargain-hunters turn Hong Kong into a must-be location for retailers braving some of the world's most expensive commercial rents

A news headline about the Tumblr sale to Yahoo scrolls on a building in New York

Yahoo Buying Tumblr for $1.1 Billion

Acquisition gives struggling Internet pioneer much-needed social media platform to reach younger generation

Bundesbank Chief Says France Must Take Deficit Cuts Seriously

Credibility of new eurozone rules will be hurt if their flexibility is pushed to the limit, President Jens Weidmann said in newspaper interview

A view is seen of the Nigeria stock exchange building in the central business district in Lagos, April 10, 2013.

Nigeria Switching to Foreign Debt to Lower Costs

Country is one of several African nations seeking to ride the wave of cheap money generated the West's less stringent monetary policies

2013 edition of Global Development Horizons report sees large investment growth in developing world.

Developing World Investment to Rise

World Bank report says global stock of capital to sharply increase

A Bangladeshi rescuer stands amid the rubble of a garment factory building that collapsed on April 24 as they continue searching for bodies in Savar, near Dhaka, Bangladesh, May 12, 2013.

Can Worker Safety Momentum in Bangladesh Last?

Some advocates concerned that efforts to improve working conditions will fade as tragedy moves out of news spotlight

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Most Undocumented Asian Youth Have Not Applied for Work Permits

There are an estimated 11 million undocumented immigrants in the United States. While lawmakers are debating immigration reform and much of the focus has been on people from Latin America, five of the top 10 home countries of the undocumented are Asian. Elizabeth Lee reports for VOA from Los Angeles that California has the largest number of undocumented immigrants.