WASHINGTON — Just a month after accusing Pakistan’s spy agency of secretly supporting the Haqqani terrorist network, which has mounted attacks on Americans, the Obama administration is now relying on the same intelligence service to help organize and kick-start reconciliation talks aimed at ending the war in Afghanistan. The revamped […]
(Reuters) – Global consumer confidence remained weak in the third quarter with more than 60 percent of consumers saying it was not a good time to spend, and one-in-three North Americans saying they have no spare cash, a survey showed on Sunday. The economic outlook, followed by job security, became […]
KABUL, Afghanistan — At least 13 American soldiers and four Afghans were killed when a Taliban suicide car bomber attacked an armored shuttle bus in Kabul on Saturday, a Western military official said. It was the single most deadly attack for American or other NATO troops in the capital since […]
October 26, 2011 Crony Capitalism Comes Home By NICHOLAS D. KRISTOF Whenever I write about Occupy Wall Street, some readers ask me if the protesters really are half-naked Communists aiming to bring down the American economic system when they’re not doing drugs or having sex in public. The answer is […]
BRUSSELS — European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtained an agreement from banks to take a 50 percent loss on the face value of their Greek debt. The agreement on Greek debt was crucial to assembling a comprehensive package to […]
Imagine all the people sharing all the world. When Lennon wrote the lyrics in 1971, the world population was 3.8 billion. In the coming days it will hit seven billion. swissinfo.ch spoke to demographics expert Philippe Wanner about the rise and rise of the global population and asked whether we […]
Rajat K. Gupta, a former Goldman Sachs director who surrendered to the Federal Bureau of Investigation on Wednesday morning, was charged with insider trading, the latest development in the government’s multiyear crackdown on illegal activity on Wall Street. Mr. Gupta, 62, is accused of leaking corporate secrets on Goldman Sachs […]
By REUTERS ARABNEWS GAZA: Some 5,000 unemployed Palestinians have registered over the past week at a Gaza trade union office for jobs they hope will materialize in post-Qaddafi Libya, local labor officials said on Monday. UN figures put unemployment in the Gaza Strip, a sliver of territory run by the […]
NEW YORK (CNNMoney) — Step aside 9-9-9. A new flat tax proposal is coming to town. On Tuesday, Republican presidential candidate Rick Perry will propose an economic growth package that includes a flat tax. “It starts with scrapping the three million words of the current tax code, and starting over […]
By GALAL FAKKAR | ARAB NEWS JEDDAH: The 2011 Haj and Umrah season has saved more than 3,000 travel and tourist agencies in Egypt from going bankrupt, according to sources involved in Haj and Umrah services in the country. They said the agencies suffered immense financial losses following the Jan. […]
Question – It is very important in Islam not to hoard money but to keep it working. How does Islam view placing money on the capitalist stock market system? Answer – The Islamic economic system runs on a different principle and you have to understand that system before you can […]
Hadhrat Mirza Tahir Ahmad, Khalifatul Masih IV. (r.a.) replied this question as follows: Answer – This is a short question which requires a very long answer and I doubt if we have sufficient time in this forum as I cannot devote the entire time to one single question. Although I […]
BRUSSELS — With a new sense of urgency, the leaders of the 27 European Union nations grappled directly on Sunday with their thorniest financial and economic problems, and made progress that they promised could yield a complete package of measures within days. The hope is that the seriousness of the […]
By Hana Namrouqa JORDAN TIMES DEAD SEA – Energy experts on Sunday predicted that solar power will be the most important source of energy in the Middle East within the next decade, calling on regional governments to shift from their reliance on oil to clean, renewable energy resources. Energy drives […]
LOS ALTOS, Calif. — The chief technology officer of eBay sends his children to a nine-classroom school here. So do employees of Silicon Valley giants like Google, Apple, Yahoo and Hewlett-Packard. But the school’s chief teaching tools are anything but high-tech: pens and paper, knitting needles and, occasionally, mud. Not […]
RFI The Brussels meeting agreed to unlock eight billion euros in aid to Greece with finance ministers saying that banks and private investors must take a greater share of the costs. The French proposal on the European Financial Stability Facility (EFSF) was at the heart of disagreement between French President Nicolas Sarkozy and […]
By Omar Obeidat JORDAN TIMES DEAD SEA – The Arab world needs a Marshall Plan under which rich countries provide financial support to develop the economies of other states in the region, leading policy makers and experts suggested Saturday. European countries and the US will not be able to help […]
By REUTERS GULF NEWS ABU DHABI: The United Arab Emirates plans to provide $3 billion in financial aid to Egypt but is still discussing the mechanism to deliver it, a senior UAE official said on Saturday. “The UAE has approved an assistance of $3 billion to Egypt, but the mechanism […]
After trying to mollify its critics in recent years by offering better health care benefits to its employees, Wal-Mart is substantially rolling back coverage for part-time workers and significantly raising premiums for many full-time staff. Citing rising costs, Wal-Mart, the nation’s largest private employer, told its employees this week that […]