On today's show: the story of an often-overlooked innovation that's essential to the global economy. The innovation is a box. A big, metal box. The standard shipping container has completely transformed commerce in the past 50 years. It's part of the …

“The softening of the fiscal drag is likely to play an important role in supporting a pick-up in global growth,” said Jose Ursua, a New York-based economist at Goldman Sachs Group Inc., referring to the negative effect of budget-chopping on an economy.

The most important prerequisite for global economic leadership is size. The bigger an economy, the greater its systemic importance, and the more leverage its political representatives have in international decision-making. The US is the world's largest …

Cie. Financiere Richemont SA (CFR), the owner of the Cartier brand, fell the most in more than two months after Chairman Johann Rupert said he's very concerned that the global economy is in a precarious position. The shares declined as much as 3.2 …

Beijing has embarked on a sweeping restructuring drive and world's second biggest economy has regained some momentum since mid-year after a protracted slowdown. Any positive news will reinforce the government's hand as it pushes ahead with an …

Overall, “they're pointing to a pretty broad improvement in the global economy,” says Michael Feroli, Chief U.S. Economist at JP Morgan. “You're seeing strength particularly in Asia and the U.S. and some pockets of Europe.” Germany's PMI hit a 2.5 year …

As they see it, the more these transitions are accomplished in 2014, the more likely we'll see robust global growth. Some of these things aren't new or 2014-specific. For example, they've been talking about China changing its growth model forever. Same …

"As 2013 draws to a close, the global economy looks to be exiting the slowdown of the past three years and entering a new phase of modest recovery and growth," wrote Willem Buiter, Citi's Chief Economist. Buiter sounds decidedly optimistic. In the past …

LONDON/NEW YORK, Dec 2 (Reuters) – Increased demand boosted global manufacturing activity last month as U.S. factories expanded at their fastest pace in 2-1/2 years and Chinese output suggested improvement in the world's second largest economy.