These days, what happens in New York doesn’t stay in New York, especially when it comes to the economy. Events on Wall Street and Main Street in the United States ripple outward, affecting markets and lives across the globe. And likewise, if it matters to business in Beijing or Delhi, Moscow or Madrid, it matters in America as well.

Economy


How a Young Afghan Girl Almost Got Sold in Marriage to Pay Family’s Debt

Internally displaced Afghan children sit near their shelter at a refugee camp in Kabul (REUTERS/Mohammad Ismail)

A story appearing in the print edition of the New York Times on Monday had to be updated online. It told the story of a six year-old girl in a Kabul refugee camp who was going to be sold in marriage to pay off a debt. Her father had borrowed money to cover the cost of his wife’s hospital care. But after the Times came out, the newspaper’s website included an update that said that “an anonymous donor working through an American lawyer had paid the debt.”

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In Spain, Everyone Assumes Corruption

Closed street in Barcelona (Photo: Gerry Hadden)

Corruption is rampant in Spain. It’s so bad that even when corruption isn’t at play, people assume it is. The World’s Gerry Hadden tells the tale of a street closure in his own neighborhood in Barcelona.

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Banks Re-Open but Life is Far From Normal in Cyprus: One British Cypriot Shares his Story

Costa Thomas (Photo: Leo Hornak)

Costa Thomas is a British Cypriot who owns a restaurant in Cyprus. He has lost a significant amount of his savings during the crisis. Anchor Marco Werman speaks with Thomas about how this crisis is affecting his business, his family, and his financial future.

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Cyprus Banks Reopen

Customers wait in line outside a branch of Laiki Bank. (Photo: REUTERS/Yorgos Karahalis)

Banks in Cyprus reopen after a two-week closure sparked by negotiations over an EU-IMF bailout, but withdrawals are being tightly controled.

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IMF Chief Christine Lagarde, Even-Keeled in the Midst of Eurozone Financial Crisis

IMF Executive Director Lagarde in Brussels. (Photo: REUTERS/Sebastien Pirlet)

IMF Chief Christine Lagarde is regarded as a female icon of success and self-confidence in France. Though a lawyer and not an economist by trade, she is managing to close bailout deals in the midst of a huge European financial crisis. Time Magazine Paris correspondent Vivienne Walt shares her profile of Lagarde with anchor Marco Werman.

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Update: Study Finds Pesticides Dull Bees’ Sense of Smell

A bee collects nectar from a flower in a garden in Pontevedra, Spain. (Photo: REUTERS/Miguel Vidal)

A new study finds that a widely-used group of pesticides seem to make bees forget the smell of food.

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Greening Executive Bonuses

Companies trying to reduce greenhouse gas emissions have adopted practices suchas building solar farms, like this one at the at the Greenough River Solar project in Australia. (Photo: REUTERS/First Solar-GEEFS-Verve Energy/Handout)

Executive compensation remains at all-time highs. And now executives are finding new ways to reward themselves with bonuses. But it’s a plan that has many environmentalists excited.

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Qatar Plan to Invest in Muslim Populated Paris Suburbs Makes Some French Uneasy

Paris suburb Clichy-sous-Bois (Photo: cicilief/Flickr)

Oil-rich Qatar invests extensively around the world. France is one of the largest recipients of Qatari money. But a plan for Qatar to fund business opportunities in the heavily Muslim suburbs near Paris is controversial.

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Worth a Mint: Rare Canadian Penny Up for Auction

1936 Dot cent back

A Canadian penny minted in 1936 is coming up for auction next month. It’s one of three pennies in existence with a small dot under the date. This special coin is expected to fetch over $250,000.

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Fiscal Crisis in Cyprus

People walk past a branch of Bank of Cyprus. (Photo: REUTERS/Bogdan Cristel)
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For Cyprus, Painful Medicine to Swallow in Order to Avoid Collapse

Cyprus' President Nicos Anastasiades leaves the European Council building in Brussels (REUTERS/Sebastien Pirlet)

A banking collapse on the Mediterranean island of Cyprus has been avoided, but the bailout plan is going to be painful for many bank customers there. Stavros Zenios, a professor of finance at the University of Cyprus in Nicosia, outlines the plan.

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The European Union’s Role in the Cyprus Financial Crisis

EU flag (flickr image: rockcohen)

The European Union drove a pretty tough bargain on the Cyprus bailout deal. As a result some bank costumers in Cyprus are having to swallow some pretty bitter medicine.

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The Polluter Pays Principle: Mexico Considers Chewing Gum Tax

A worker cleans gum from the sidewalk. (Photo: Ari Daniel Shapiro)

Discarded chewing gum is a common eyesore, and removing it from city streets and sidewalks can be costly. A Mexican congressman wants to solve the problem by borrowing a concept widely used in environmental regulation: making the polluters pay.

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Undocumented Immigrants Work to Come Out of the Fiscal Shadows, Pay Taxes

Oscar and Marcella, an undocumented couple from Mexico, work with a free tax preparation service provider. The service is set up in a church basement in Queens, New York. (Credit: Aurora Almendral)

With April’s tax deadline nearing, people in the US are starting to organize their paperwork. And it may come as a surprise to know that many undocumented immigrants also pay up. But anxiety is building as a pathway to citizenship may require paying years of back taxes. Feet in Two Worlds reporter Aurora Almendral has this story.

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Spanish Protest Evictions at Doorsteps of Political Elite

Just up the hill from the Duke's mansion, graffiti on a highway overpass reads, "They're not suicides, they're financial assassinations." The tag refers to the several recent suicides of Spaniards who were facing eviction from their homes for falling behind on their mortgages or rents. In Spain you can't just hand over your keys if you can't pay. Your debt follows you, even if you become homeless. (PHOTO: Gerry Hadden)

Spanish government officials, these days, are dealing with a political hot potato these days. The country has one of the highest number of residential evictions in Europe. And as The World’s Gerry Hadden says the Spaniards are “not taking it anymore.”

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