ATHENS—Greece presented a 2012 austerity budget Monday that includes sharp increases in taxes and spending cuts amid a fourth year of recession and a deteriorating labor market. In a copy of the draft budget, Greece said it expects its €220 billion ($294.51 billion) economy to contract 2.5% next year, after shrinking 5.5% in 2011, [...]
NEW YORK—U.S. stocks kicked off the fourth quarter on a downbeat note as investors treaded cautiously following news that Greece will miss its deficit target and ahead of data on U.S. manufacturing activity. The Dow Jones Industrial Average slipped 77 points, or 0.7%, to 10837 shortly after Monday’s open, led lower by a 2.7% [...]
A man fishes on the ice of the Moskva river in downtown Moscow. There are plenty of reasons to be sceptical about a Russian company, with its assets in the former Soviet Union, coming to London Photo: AP [...]
NEW YORK—U.S. stocks opened lower Friday in what was expected to be another volatile session, as fears of a Greek default and the domestic economy spiraling into another recession continued to feed investor trepidation. The Dow Jones Industrial Average was off 21 points, or 0.2%, to 10716. The index plunged 675 points in the [...]
Reuters - Asian stocks slid to a 16-month low and emerging market currencies fell on Friday amid fears that the developed world is stumbling back into recession, while a pledge from the G20 to preserve financial stability left investors largely unimpressed.[Read more...]
AP - Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession.[Read more...]
AP - An increase in child abuse, mostly in infants, is linked with the recent recession in new research that raises fresh concerns about the impact of the nation’s economic woes.[Read more...]
Reuters - Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook for states and local governments remains negative, Moody’s Investors Service said on Monday.[Read more...]
Mimes in the colours of the German flag perform during a party in the city of Wiesbaden. German insistence on deflation polices is causing near universal despair Photo: EPA By Ambrose Evans-Pritchard 9:33PM BST [...]
Ashtead rents out equipment such as forklifts, drills and generators Photo: Bloomberg News By Graham Ruddick 5:49PM BST 06 Sep 2011 Comments Ashtead [...]
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Israel envoys ‘target of attacks’~RS~q~RS~~RS~z~RS~25~RS~)
Banking reforms given green light~RS~q~RS~~RS~z~RS~21~RS~)
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
(AP)
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
(AP)