US jobless claims fell to the lowest level since May 2008, and confounded economists’ expectations for a rise to 390,000. Photo: AP By Reuters 4:13PM GMT 15 Dec 2011 Comments The [...]
AP - The European Central Bank has cut its key interest rate by a quarter percentage point to 1 percent, a modest step to help revive the eurozone economy as it slides toward recession because of the debt crisis.[Read more...]
LONDON (Reuters) - Britain will underwrite 20 billion pounds of loans to smaller companies in a package of measures to boost the economy, while sticking to a strict austerity programme, Chancellor George Osborne said on Sunday. Osborne is under pressure to find ways to revive a stagnant economy and avoid a return to recession without [...]
A leading international economic think-tank will warn that Britain is about to slip back into recession, it has been reported.[Read more...]
LONDON (Reuters) - The government will spend up to 1 billion pounds on employment subsidies and other support to help young people into work as youth unemployment hits record levels, Deputy Prime Minister Nick Clegg said on Friday. More than one million young people aged 16-24 are out of work in Britain, official data showed [...]
ATHENS—Antonis Samaras, head of Greece’s main opposition New Democracy party, Saturday renewed his call for early elections and rejected efforts the country’s embattled Socialist government to form a bipartisan coalition government. Enlarge ImageClose Associated Press Greece’s Prime Minister George Papandreou met with Greek President Karolos Papoulias Saturday to discuss efforts to form [...]
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LONDON—Greek Prime Minister George Papandreou’s call for a referendum on a freshly minted bailout package rattled European officials and global markets, sparking warnings that the move could force the collapse of the Greek government and push the country into a destabilizing default on its sovereign debt. The decision opened a rift within the ruling [...]
LONDON — Greek Prime Minister George Papandreou’s decision to call a referendum on a freshly minted bailout package has shock waves across European governments and markets, sparking warnings that the move could push the country into a disorderly default and destabilize the entire euro zone. The move also opened a rift within the [...]
Despite all the cheering about Europe’s latest debt deal, worries are mounting that it won’t succeed without stronger economic growth. At the current pace of expansion, unemployment will stay high and incomes will stall. Debt-saddled governments will have an even tougher time generating revenue to pay bills. That could spark more default fears or [...]
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Czech statesman Vaclav Havel dies
Elated, last US troops leave Iraq, ending war
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Last US troops elated to leave Iraq as war ends
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Final U.S. Troops Leave Iraq
Last US troops leave Iraq as war ends
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Last US troops withdraw from Iraq~RS~q~RS~~RS~z~RS~23~RS~)
Philippines steps up flood rescue
Senate OKs payroll tax cut, huge spending bill
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Cairo Protesters, Police Clash; 9 DeadPolice Clash With Cairo Protesters; 9 DeadClashes in Cairo Leave 8 Dead
Senate OKs $1T budget bill, payroll tax cut
(AP)Senate OKs short-term extension of payroll tax cut
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