SAN FRANCISCO — Strong sales to shoppers in emerging markets and to business customers helped Apple extend its lengthy streak of stellar performance in its earnings report on Tuesday. Even without introducing any major new products, the company attracted legions of consumers in the fiscal third quarter. Profits doubled, and […]
The Church of Scientology is rapidly losing support in Switzerland, and the number of members is declining, religious experts say. According to a report in the SonntagsZeitung newspaper, theologist Georg Otto Schmid, an expert on sects, said that support for Scientology is “shrinking.” “I would imagine that the sect will […]
The article below actually dates to October 2010. I am bringing it here, as the discussion continues. A political party in Switzerland launches a new effort to discontinue the ‘automatic church tax’ for ‘juristic entities’ (companies), which for instance ‘forces’ Muslim and Jewish firm owners to pay taxes to Christian […]
China has executed two officials from eastern cities after convicting them of corruption. Xu Maiyong, a former vice-mayor of Hangzhou, and Jiang Renjie, who was vice-mayor of Suzhou, were put to death after their appeals were rejected. Officials said Xu and Jiang took almost 300m yuan ($46m; £29m) by embezzling and taking […]
Housing starts in the U.S. rose more than forecast in June to the fastest pace in five months, led by a surge in work on multifamily dwellings like apartments. Work began on 629,000 houses at an annual pace, up 14.6 percent from the prior month, figures from the Commerce Department […]
Germany is in a better situation to cope with the next decade than any other major industrial nation, but the gap between rich and poor is increasing, according to studies published this week. More here…
CHAN AKYA Source: Asiatimes on Line. The scandal enveloping Rupert Murdoch’s News Corp echoes the evolution of the crisis in global markets, seen in the series of events that threatens to bring the United States’ credit rating down. In circumstances triggering conflict, lost credibility or a collapse in confidence, the […]
LONDON — European banks for years bolstered their balance sheets with assets considered safe and secure: the sovereign debt of European countries. But now this debt no longer appears so safe, weakening banks when countries still depend on them for loans to help finance their gaping budget deficits. The results […]
http://www.msnbc.msn.com/id/32545640 Visit msnbc.com for breaking news, world news, and news about the economy The mainstream media in the US are really picking up on the issue of Central Banks.
By GHAZANFAR ALI KHAN | ARAB NEWS RIYADH: Saudi Arabia and Egypt have decided to launch fresh studies to build a gigantic 32-km bridge linking the two countries in a renewed bid to forge closer ties and boost bilateral trade and investment. The bridge project will be on the top […]
Source:Spiegel Magazine’ Grasping for a solution: Obama is making little progress on the debt-ceiling dispute. With no solution to the US debt crisis in sight, the rest of the world is starting to get nervous. German commentators urge congressional leaders to get their act together. A US default would have […]
By Hana Namrouqa AMMAN – Evaluation of the Red Sea-Dead Sea Water Conveyance Programme’s economic feasibility study and the environmental and social impact assessment will conclude later this year, a senior government official said on Thursday. The implementation of the Red-Dead project will commence when results of the studies are […]
HONG KONG — China, the United States’ biggest creditor, urged the United States government on Thursday to act to protect investors’ interests, highlighting rising concerns around the globe about the protracted budget talks taking place in Washington.
Rapidly aging populations in the developed world, Japan and Europe especially, will place enormous demands on public pensions and health systems just as the number of taxpayers to pay the bills shrinks. Citizens of industrial nations have no choice but to accept lower returns on investment, reduced government largesse, and […]
Gold climbed to a record in Londonand New York as concern about Europe’s debt crisis spurred demand for the metal as a protection of wealth. Bullion rose to an all-time high in British pounds. Ireland joined Portugal and Greece yesterday as the third euro-area nation to have its credit rating […]
A share trader in Frankfurt. The euro debt crisis is escalating. Markets in Europe are being hit hard by fears that the debt crisis will spread to Italy, which is regarded as too big to rescue. German media commentators say the time has come to stop the piecemeal bailout efforts […]
By ARAB NEWS JAZAN: Although most Saudi girls attend university or college with the hope of securing a job as a teacher or administrative assistant, the harsh realities of life and lack of opportunities prompt some of them to seek other career prospects to make ends meet. This has resulted […]
By RODOLFO ESTIMO JR. | ARAB NEWS RIYADH: It appears that Filipinos going on vacation are disseminating inaccurate information by saying that their exit re-entry visas were stamped “exit only” by Saudi authorities. In a move to allay unfounded fears by vacationing Overseas Filipino Workers (OFWs), Deputy Presidential Spokesperson Abigail […]
By MD AL-SULAMI | ARAB NEWS JEDDAH: Labor Minister Adel Fakeih said the Nitaqat program, which aims to improve employment opportunities for Saudis, would put an end to the trade in work visas. He added that the program would oblige all private establishments to be in the green band (of […]