German unemployment rose in December for the ninth month in a row. Nevertheles, Germany closed out 2012 with more people in work since reunification. Economists are predicting that 2013 will continue the trend.
Unemployment in Germany has fallen, according to the latest labor market data. But a fresh report has revealed that the number of jobless still hovers above the 3 million mark.
China has reported weak first-quarter growth as the country is in a reform process to make economic expansion more sustainable. Market pundits said the latest figures would be unlikely to lead to more stimulus programs.
Lenders behind Portugal's 2011 bailout have returned to the country one more time for a final evaluation of its performance under the rescue deal. The eurozone nation plans to exit the bailout scheme in mid-May.
The Palestinian Authority has unveiled plans to explore for oil in the West Bank, which it says is a key step toward developing the local economy and gaining independence from Israel.
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