By ZAKIA ABDENNEBI | REUTERS RABAT: Morocco’s PJD party, the first Islamists to head a government in Rabat, will not impose a strict moral code but instead champion arts that reflect the north African nation’s cultural heritage, a leading party figure said. First place for the liberal Islamic PJD in […]
FRANKFURT — The European Central Bank moved aggressively to head off a recession and credit crunch in the euro area Thursday, cutting its benchmark interest rate for the second month in a row and radically expanding the emergency funding it provides to cash-starved banks. The actions came just hours before […]
NY Times: By HELENE COOPER and ANNIE LOWERY. Publicly, Obama administration officials talk only about the economic consequences of a potential debt conflagration in Europe. Privately, though, they are well aware that Europe’s success in dealing with the troubles — and the administration’s success in persuading them to do so […]
NEW YORK (CNNMoney) — In case you haven’t heard, President Obama wants the wealthiest to pay more in taxes. Noting the rise in income inequality in recent years and the need to reform the U.S. tax system, the president on Tuesday said that some of the wealthiest in America pay […]
By Mike Dolan. (Reuters) – Rising inequality both within countries and between nations have reached critical levels that need to be addressed to avoid trade, tax and regulatory backlashes that could strangle an already wounded world economy, European money managers say. Speaking at Reuters 2012 Investment Outlook Summit, taking place […]
Daily Telegraph- Jack Straw: In 1818, Castlereagh claimed that the Congress System of diplomacy – established to secure peace and stability across a war-ravaged Europe – amounted to “a new discovery in the European government… giving to the counsels of the Great Powers the efficiency and almost the simplicity of […]
It has just been Earth Hour and soon it will be Earth Day; are you doing your bit to save us all from impending doom? What do you think the future has in store for us? I recently got a retirement pay slip thing from my company and while that […]
DUBLIN — As European leaders scramble to overcome the Continent’s debt crisis, many are pointing to Ireland as a model for how to get out of the troubles. Having embraced severe belt-tightening to mend its tattered finances, Ireland is showing glimmers of a turnaround. A year after it received a […]
http://s.wsj.net/media/swf/VideoPlayerMain.swf Any country, state or corporation, which indulges in significant amount of interest based loans will sooner or later find herself in woods or a thick jungle of financial chaos […]
The usual reason shoe sellers want women to wear high heels is for the sexy, long-legged look. But Deichmann Graceland, a German shoe brand has come up with a new incentive: To make women tall enough to qualify for a promotion at work. The ads show a closeup of the heels, […]
Michael Snyder. Pravda Ru. ….the world is on the verge of a horrific global food crisis. At some point, this crisis will affect you and your family. It may not be today, and it may not be tomorrow, but it is going to happen. Crazy weather and horrifying natural disasters […]
Instead of defending its rejected $285 million settlement with Citigroup, the SEC should take a page from the Enron playbook and consider pursuing individual officers. By Eleanor Bloxham, CEO of The Value Alliance and Corporate Governance Alliance FORTUNE — In the wake of Judge Jed Rakoff’s order rejecting the SEC […]
Buffeted by lackluster profits and turmoil in the global markets, Wall Street is bracing for one of the worst bonus seasons in recent memory. But in the alchemy of high finance, bankers are hoping to turn the slump to their advantage. Financial firms are preparing to dole out huge amounts […]
KARACHI: The rupee’s downward rally continued in the interbank as it fell for five straight days against the dollar to close at Rs 89.40 on Friday. The greenback’s demand surged due to high import payment The rupee was traded at Rs 89.02 versus the dollar as imports’ payment of more […]
Job gains in the U.S. picked up last month and the unemployment rate unexpectedly fell to the lowest level since March 2009, a decline augmented by the departure of Americans from the labor force. Payrolls climbed 120,000, after a revised 100,000 increase in October, with more than half the hiring […]
(Reuters) – Britain orchestrated this week’s bold move by central banks to stave off a cash crunch in global markets, helping drive a plan that began to take shape around 10 days ago. For months, central bankers have tracked with growing concern how the deleveraging among European banks, hurt by […]
NEW YORK (CNNMoney) — Those anxiously watching the rally in U.S. oil prices over the past few weeks have received a pleasant surprise at the pump: while oil has shot upward, gasoline is moving in the opposite direction. The moves may seem counter-intuitive, since crude oil is used to produce […]
By P.K. ABDUL GHAFOUR | ARAB NEWS JEDDAH: French academics have shown their keenness to make use of Saudi expertise and experience in Islamic banking and finance, said Saudi Ambassador to Paris, Muhammad bin Ismail Al-Asheikh. The ambassador made this comment while holding a reception in Paris on the occasion […]
WASHINGTON — The Federal Reserve moved Wednesday with other major central banks to buttress the financial system by increasing the availability of dollars outside the United States, reflecting growing concern about the fallout of the European debt crisis. The banks announced that they would slash by roughly half the cost […]