NEW YORK (CNNMoney) — Private companies continued to add jobs in March, albeit at a slightly slower pace than in February. Businesses added 209,000 jobs in March, according to a report issued Wednesday by payroll-processing company ADP. Those job gains were slightly lower than forecasts for 217,000, and marked a […]
An 11-year-old Dutch school boy has been awarded a €100 prize for his efforts in an international competition for top economists to prepare a contingency plan for a break-up of the eurozone. The committee organising the Wolfson Economics Prize said Jurre Hermans was the youngest person to compete. Jurre, whose […]
DETROIT — Automakers on Tuesday reported strong sales across the board in March, pushing the industry to its best quarter since before the recession, even though gasoline prices climbed to more than $4 a gallon in many states. Nissan, Hyundai and Kia each posted record sales last month, while Chrysler […]
London (CNN) — James Murdoch, the son of media magnate Rupert Murdoch, stepped down as the chairman of BSkyB on Tuesday, the British satellite broadcaster announced. He has been hammered by accusations that News Corp.’s British Sunday tabloid the News of the World systematically eavesdropped illegally on crime victims, politicians, […]
Greater engagement with Asia will play a key strategic role in China’s opening-up policy, Vice-Premier Li Keqiang said on Monday. Promoting growth will provide sound and sustainable development for the region, Li said at the opening ceremony of the annual meeting of the Boao Forum for Asia. As the largest […]
(Reuters) – Sean Chua expected the hunt for his first job after college to be tough. After all, he watched his brother struggle to find a position when he graduated back in 2008. But his fears were unwarranted. The 21-year-old justice major at American University sent out only seven resumes […]
COPENHAGEN — European finance ministers agreed Friday to create a permanent bailout fund for the euro zone with temporary lending capacity of €800 billion, the latest signal sent by Europe to show its determination to overcome a two-year-old crisis of confidence. The decision gives Europe a so-called firewall against future […]
After Massachusetts, California came calling. So did Connecticut, Delaware, Kansas, Minnesota, Oregon, Wisconsin and Wyoming. They all wanted Jonathan Gruber, a numbers wizard at M.I.T., to help them figure out how to fix their health care systems, just as he had helped Mitt Romney overhaul health insurance when he was […]
By Ioana Patran and Sam Cage: (Reuters) – Maria Ene’s traditional white house on a muddy, unnamed Romanian street doesn’t have running water, but it does have two satellite dishes sprouting […]
(Reuters) – The Supreme Court opened its final day weighing the fate of President Barack Obama’s healthcare overhaul, considering on Wednesday whether the entire law can stand should the court rule against its centerpiece mandate that most people buy insurance. On this, the third and last day of historic arguments, […]
WASHINGTON — The White House on Friday named Jim Yong Kim, the president of Dartmouth College and a global health expert, as its nominee to lead the World Bank. That makes Dr. Kim the front-runner to take the helm of the multinational development institution on June 30, when its current […]
SOUF/JERASH — Once known for its abundant pure springs and lush green farms, the small town of Souf in Jerash is now severely lacking in fresh water sources. Springs in […]
Washington Post: By Michael Birnbaum: WARSAW — Here in Poland, where dreary communist-style apartment blocks still dominate the landscape, the euro was once hailed as a fast-track ticket to the economic […]
China’s commerce minister reminded the United States to review its restrictions on high-tech exports to China and called on the US to further open its economy to Chinese enterprises and investors. Read More…
BEIJING, March 18 (Xinhua) — Minister of Commerce Chen Deming said Sunday that China, now the world’s second largest importer, will become the biggest in a few years. Read More…
International Monetary Fund (IMF) head Christine Lagarde has said that China must stop its economy being too dependent on exports and investment. She also said the yuan could become a global reserve currency if China implemented market-oriented changes. Read More…
By SIRAJ WAHAB | ARAB NEWS STAFF DAMMAM: The Haramain High Speed Rail project, which will link Makkah, Jeddah, Rabigh and Madinah, is progressing well, the Saudi Railway Organization’s president […]
A Future Of Pink Slime And Peak Water Just saying the words, “Pink Slime” gives me the creeps. I’m not pleased to learn that I’ve been dining on this swill for the past sixty years. The U.S. Department of Agriculture has made an interesting response to the public outcry about […]
Reuters | Mar 11,2012 | 22:38 JORDAN TIMES ISTANBUL — Turkey’s government plans its first-ever issue of Islamic bonds this year, overcoming sensitivities about Islamic finance in the secular republic as it seeks to tap a rich pool of investors flush with oil money. A sovereign sukuk issue from an […]
Reuters | Mar 15,2012 | JORDAN TIMES RAMALLAH — The aid-dependent Palestinian economy faces a deepening crisis unless foreign support grows and Israel eases restrictions on its trade, the World Bank said on Thursday. The Western-backed Palestinian Authority is relying on foreign aid to cover a 2012 budget deficit projected […]