Economic Indicators

European Central Bank confident in plan to remove stimulus

Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels more consistent with a strong economy after 2.5 trillion euros ($2.9 trillion) in bond-purchase stimulus.

Papua New Guinea gov't says it won't pay for 40 luxury cars

The Papua New Guinea government has taken delivery of a fleet of 40 luxury Maserati cars to drive world leaders around during a summit next month, but has also assured the poor South Pacific island nation's taxpayers that they won't pay for the extravagance.