The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers’ wages and adding more uncertainty about the pace of rising medical costs. A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health […]
Betting on Ben S. Bernanke has been the most profitable trade for government bond investors in 16 years, defying lawmakers in the U.S. and abroad who said the Federal Reserve chairman’s policies would lead to runaway inflation and the dollar’s debasement. Treasuries due in 10 or more years have returned […]
Accra, Sept. 16, GNA – Finance Minister Dr Kwabena Duffuor has inaugurated a 13-member Public Interest and Accountability Committee (PIAC) to provide an independent assessment of how petroleum revenues are managed and used. The Petroleum Revenue Management Act calls for the establishment of PIAC to monitor and evaluate compliance with […]
NEW YORK (CNNMoney) — The Federal Reserve wants consumers to apply for more mortgages and businesses to take out more loans, in order to boost the sluggish U.S. economy. At least, that’s the thinking behind Operation Twist, a policy announced by the Fed Wednesday that’s meant to drive down long-term […]
WASHINGTON — The Federal Reserve announced an unconventional plan on Wednesday to reduce borrowing costs for businesses and consumers, trying once more to spur economic growth despite urgings from Republicans that it refrain from any expansion of its stimulus program. The Fed said that it would invest $400 billion in […]
NEW YORK (CNNMoney) — Republican leaders in Congress have asked Federal Reserve Chairman Ben Bernanke to refrain from any further monetary stimulus during policy makers’ two-day meeting ending Wednesday. “Respectfully, we submit that the board should resist further extraordinary interventions in the U.S. economy, particularly without a clear articulation of […]
(Reuters) – Standard & Poor’s cut Italy’s credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis. Analysts said the one-notch downgrade, citing poor growth prospects and political instability, was […]
By WALAA HAWARI | ARAB NEWS Published: Sep 14, 2011 23:04 Updated: Sep 14, 2011 23:04 RIYADH: Saudi women have voiced reservations against recruiting domestic helpers from Morocco as suggested by the chairman of the Saudi recruitment committee. This is due to an old belief that Moroccan women use black […]
WASHINGTON — Investors have concluded that the Federal Reserve will announce new measures to promote economic growth after a meeting of its policy-making committee ends Wednesday. Long-term interest rates have moved as if the Fed had already spoken. The central bank is often described as facing the choice of whether […]
Courtesy: CNN Here’s a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider: Hong Kong: $121.9 billion (0.9 percent) Caribbean banking centers: $148.3 (1 percent) Taiwan: $153.4 billion (1.1 percent) Brazil: $211.4 billion (1.5 percent) Oil exporting countries: $229.8 billion (1.6 […]
WROCLAW, POLAND — European finance ministers struggled Friday to remove hurdles that were holding up their latest rescue plan for the euro, as the U.S. Treasury secretary, Timothy F. Geithner, warned that failure to act could leave “the fate of Europe” to outsiders. Their meeting comes at a time of […]
By SHEYMA BUALI, LIFE.STYLE@ARABNEWS.COM Published: Sep 14, 2011 16:38 Updated: Sep 14, 2011 16:38 MakeSpace Architects is a London-based firm whose work specializes in private and social housing, as well as community buildings. Much of the community work focuses on the development of mosques and Islamic centers. Besides designing and […]
Source: Islamic Development Bank Wednesday, 24 August 2011 Jeddah, KSA – Moody’s Investors Service, one of the leading rating agencies in the world, on 24 August 2011 reaffirmed for the sixth consecutive year Islamic development Bank’s “Aaa” long term and P-1 short term foreign currency issuer rating with a “stable” […]
To pay for his $447 billion jobs bill, President Obama is once again proposing an assortment of tax increases on wealthy individuals and corporations. But the White House also says its plan should be viewed as a rough framework, because its top priority is to get the jobs bill enacted. […]
By GHAZANFAR ALI KHAN | ARAB NEWS Prince Alwaleed announces launch of 24-hour news channel next year RIYADH: Chairman of Kingdom Holding Company (KHC) Prince Alwaleed bin Talal has announced the launch of a 24-hour international Arabic news channel, which will air from Dec. 12 next year. “Alarab” is dedicated […]
By REEM AL-HAKEEM, ARABNEWS It can be an effective instrument of peace and economic development Carnage and turmoil in some Arab countries, famine in Somalia, Gazans under siege and Al-Quds under threat from Israel, terrorist bombings in Pakistan and Afghanistan, natural disasters in Indonesia, poverty and power struggle in some African […]
By Hani Hazaimeh Jordan Times AMMAN – The situation of irregular migrant workers in the Kingdom has become a major concern for human rights activists in light of ongoing violations of their rights, according to a report issued on Monday. Prepared by the Tamkeen Centre for Legal Assistance, “Breaking the […]
By ADIL SALAHI ARABNEWS Debt is a normal practice in human life. People often have need for money that they do not have. If they expect to have money at a later time and their need is immediate, they try to borrow from a friend or a financial institution. In […]
Source: Swissinfo Over the past 20 years, the consumption of alcohol by the Swiss has decreased on average by one per cent per year, reaching 8.5 litres of pure alcohol per person in 2010. Based on this trend, the government has decided against raising alcohol prices as part of the […]