TALLINN (Reuters) – The European Union’s top economic official on Saturday warned against funding national growth packages with new debt and urged governments to stick with structural reforms and cuts to fiscal deficits as the route out of the region’s economic crisis. The election of new president in France on […]
WASHINGTON — Soon after lawmakers finished work on the nation’s new financial regulatory law, a team of JPMorgan Chase lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios, including some of the types of trading that led […]
By RIYADH: GHAZANFAR ALI KHAN ARAB NEWS STAFF Saudi Arabia yesterday agreed to give an initial loan package worth nearly $ 2 billion to support Egypt’s economy. It has transferred $ 1 billion to Egypt’s central bank as an eight-year deposit, Faiza Abu El-Naga, the Egyptian minister for planning and […]
http://www.huffingtonpost.com/2012/05/10/worldwide-products-slave-labor_n_1505811.html?ncid=edlinkusaolp00000003 Source: Huffington Post It’s hard to believe, but true: Still today, many everyday products from around the globe are the result of child and slave labor, according to a 2011 report from the U.S. Department of Labor Now thanks to an infographic from theNational Post, we can more clearly see the effects: All […]
NEW YORK (CNNMoney) — The French and Greek election results are being viewed as a smackdown on austerity. In France, Socialist Francois Hollande won the presidential election, defeating incumbent Nicolas Sarkozy, who supported the compact to increase fiscal discipline in the Eurozone. And the makeup of the next Greek government […]
(Reuters) – In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion […]
The United States had another month of disappointing job growth in April. The nation’s employers produced a net gain of 115,000 positions, after adding 154,000 in March, the Labor Department said Friday. April’s job growth was less than economists had been predicting. Mitt Romney, the presumptive Republican presidential nominee, immediately […]
By JEDDAH: AHMED HASSAN ARAB NEWS Published: May 4, 2012 01:44 Updated: May 4, 2012 01:44 The rising cost of living is the greatest concern for young people in the Middle East, according to a poll of young Arab men and women in 12 Arab nations, including the six Gulf […]
By AGENCIES ARABNEWS ANKARA: Turkish Prime Minister Recep Tayyip Erdogan denounced Standard and Poor’s rating agency yesterday, saying its downgrading of Turkey’s outlook was clouded by an “ideological approach.” Erdogan […]
After serving in the Marine Corps for 12 years, I moved back home to San Antonio and eventually found a great position as a compliance coordinator for a trucking company. I worked there for about six years, but once the economy started going downhill, I was laid off. I found […]
A one-sided justice sees weaker states punished as rich nations and giant corporations project their power across the world The conviction of Charles Taylor, the former president of Liberia, is said to have sent an unequivocal message to current leaders: that great office confers no immunity. In fact it sent […]
United Nations Development Program (UNDP) in collaboration with USAID and CGAP jointly organized “Iraq Microfinance Policy Forum” on April, 2012 in Erbil-Iraq, for setting up Policy Goals for Microfinance in Iraq, which was participated by high Government functionaries from Iraq Government, including Advisors to Prime Minister, Central Bank in Iraq, […]
by Jean-Michel Berthoud, swissinfo.ch Youth unemployment is a major problem in Europe: in the European Union over 20 per cent of under-25s are affected, and in Spain and Greece it’s […]
AMMAN — Greenhouses for producing high-value crops will soon be established in Aqaba’s desert through a pilot project that is also aimed at generating clean energy and fresh water, the […]
Daily Telegraph: According to research by Which?, the consumer group, 70pc of mortgage-holders are concerned about an increase in interest rates. More than a million home owners will see the […]
In Los Angeles, a Wal-Mart building permit is getting a once-over. In New York, the City Council is investigating a possible land deal with the retailer’s developer in Brooklyn. A state senator in California is pushing for a formal audit of a proposed Wal-Mart in San Diego. And in Boston […]
Business Insider A chart we found on Reddit.com today shows that most products we buy are controlled by just a few companies. It’s called “The Illusion of Choice.” Ever wonder why you can’t get a Coke at Taco Bell? It’s because Yum! Brands was created as a spin-off of Pepsi–and has a lifetime […]
by Hana Namrouqa | Apr 25,2012 | JORDAN TIMES AMMAN — With electricity tariffs set to rise soon, there are several simple ways for consumers to reduce their energy bills, […]
(Reuters) – Demand for long-lasting manufactured goods was the weakest in three years in March and a gauge of business spending plans fell, suggesting the economy lost momentum as the first quarter drew to a close. Durable goods orders dropped 4.2 percent, the largest decline since January 2009, the Commerce […]
Once again Omar Bashir, the president of Sudan, waved his walking stick in the air. Once again he spoke of splendid victories over his enemies as thousands of jubilant supporters danced and cheered. But this time around the stakes are too high. An all-out war against newly independent South Sudan […]