Archive
 
Show News in Date :  
Month :  
Year :  
News Type :  
Section :  
US economy recovering from worst downturn: White House
3 Aug 2013 16:09

US economy recovering from worst downturn: White House

The US economy is recovering from the worst downturn, the White House said today as the latest figures indicated that the unemployment rate has dropped to 7.4 per cent, the lowest level since December 2008."While more work remains to be done, today\'s employment report provides further confirmation ...

 
Poll: 80 percent want minimum wage raised to $10.10 per hour
2 Aug 2013 16:48

Poll: 80 percent want minimum wage raised to $10.10 per hour

The vast majority of Americans support increasing the national minimum wage, according to a recent poll commissioned by the National Employment Law Project Action Fund, a non-profit group that supports increasing the minimum wage.The poll, which was conducted by the public opinion research firm Hart ...

 
France plans to downsize military
2 Aug 2013 16:41

France plans to downsize military

France plans to cut the number of its military personnel under a proposed six-year defense budget amid general dissatisfaction over a rising unemployment rate in the country.French Defense Minister Jean-Yves Le Drian is due to present the 190-billion-euro ($251 billion) budget for the period between ...

 
Tim Cook, CEO of Apple, testifies during a Senate Homeland Security and Governmental Affairs Subcommittee on Investigations titled
31 Jul 2013 17:08

Study: Biggest US firms park $1.2 trillion in profits offshore

The biggest American firms keep trillions of dollars in profits overseas in order to avoid paying taxes to the US government, according to a new report by a public interest group.Major companies like Apple and General Electric are parking nearly $1.2 trillion in profits offshore in tax havens such as ...

 
US home prices rise 12.2 percent, best in 6 years
31 Jul 2013 16:51

US home prices rise 12.2 percent, best in 6 years

U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.The Standard & Poor's/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The month-...

 
Turkey
17 Jul 2013 16:23

Turkey's Erdoğan calls on people not to use credit cards

Turkish Prime Minister Recep Tayyip Erdoğan has called on people not to use credit cards extensively as he says the banking sector maximizes its profits extensively through the credit card system at people's expense.Speaking at an iftar (fast-breaking) dinner that was held for martyrs' families in Ankara,...

 
German exports post sharp fall in May
8 Jul 2013 17:31

German exports post sharp fall in May

Official figures show that Germany’s export volume experienced a surprise decline in May, amid a sharp fall in demand in the recession-hit eurozone.Germany’s Federal Statistics Office revealed on Monday that the country’s seasonally-adjusted exports plummeted 2.4 percent in comparison ...

 
Turkey`s inflation hits nine-month high in June
3 Jul 2013 19:41

Turkey`s inflation hits nine-month high in June

Turkey's inflation rate was higher than expected in June, reaching its highest level of the last nine months, mostly due to price hikes in education, food and non-alcoholic beverages.The consumer price index (CPI) increased by 0.76 percent last month over June and the producer price index (PPI) rose ...

 
EU demands ‘full clarification’ of NSA diplomat spying, warns of severe impact on relations
1 Jul 2013 17:37

EU demands ‘full clarification’ of NSA diplomat spying, warns of severe impact on relations

The president of the European parliament has demanded an explanation from US authorities over the latest revelation that EU diplomatic missions in Washington, New York and Brussels were under electronic surveillance from the NSA.“I am deeply worried and shocked about the allegations of US authorities ...

 
France air traffic control strike spreads across EU
13 Jun 2013 13:41

France air traffic control strike spreads across EU

A strike staged by French air traffic controllers is expanding across Europe with ten more countries bracing for similar industrial action.Nearly three-quarters of flights from France’s busiest airports were cancelled due to the ongoing strike, which came in protest at a European Commission (EC) ...

 
2 S. African companies blacklisted by U. S. for links to Iran
10 Jun 2013 14:10

2 S. African companies blacklisted by U. S. for links to Iran

Two South African companies have been blacklisted by the United States for allegedly involving in billions of dollars of operations on behalf of the leadership of Iran, a newspaper report said on Sunday.The two entities, One Vision Investments 5 (Pty) Ltd (OVI) and One Class Properties (Pty) Ltd (OCP),...

 
New Pakistani government to continue Iran gas project: Minister
9 Jun 2013 13:41

New Pakistani government to continue Iran gas project: Minister

The new Pakistani government has reiterated its determination to continue the joint gas pipeline project with Iran saying the issue of energy is Islamabad’s top priority.“We will continue the work at the gas pipeline because such a vital project cannot be set aside in hard times like the ...

 
UK teachers plan strike on pay, pensions
7 Jun 2013 11:14

UK teachers plan strike on pay, pensions

Hundreds of British teachers are planning to stage a strike action over the British government’s policies on pay, pensions and conditions.The National Union of Teachers (NUT) and the National Association of Schoolmasters Union of Women Teachers (NASUWT) said their members will start coordinated ...

 
World Bank injects $30 million into Lebanon poverty program
20 May 2013 14:08

World Bank injects $30 million into Lebanon poverty program

The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverishedparts of the country. “The Social Protection and Promotion Project approved by the World Bank Board of Directors will expand the coverage of Lebanon’...

 
Bird flu costs China industry $6.5 bn: state media
20 May 2013 14:03

Bird flu costs China industry $6.5 bn: state media

China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 40 billion yuan ($6.5 billion) as consumers shun chicken, government officials said according to state media Monday.The sector has been losing an average of one billion yuan a day since the end of March, the Beijing ...

 
Ten years after invasion, Iraq continues to import oil products
18 May 2013 17:04

Ten years after invasion, Iraq continues to import oil products

Former Iraqi oil minister Issam al-Jalabi says that although Iraq is an oil-rich country, it still imports petroleum products from abroad to meet its needs 10 years after the US-led invasion of the country.Jalabi, an international energy expert, told Azzaman that annual imports of oil derivatives reached ...

 
No Title
15 May 2013 16:53

No Title

Germany’s defense ministry has cancelled plans to purchase and modify US-made Global Hawk drones for 1 billion euros, making it the largest German military project to be completely abandoned.The plan was abandoned on Tuesday after already putting out more than half a billion euros on the project....

 
Turkey
15 May 2013 16:48

Turkey's unemployment rate increases to 10.5 percent in February

Marking a 0.1 percent increase over February 2012, Turkey's unemployment rate reached 10.5 percent in February 2013, the Turkish Statistics Institute (TurkStat) announced on Wednesday.There were 163,000 more unemployed people in February 2013 over February 2012, reaching a total of 2.88 million.The ...

 
Japan takes first step to permanent reactor shutdown
15 May 2013 16:41

Japan takes first step to permanent reactor shutdown

angladesh on Wednesday ordered the evacuation of several hundred thousand people as forecasters said a cyclonic storm would hit low-lying coastal areas by early Thursday. "We've ordered people in low-lying river shoal areas to evacuate to cyclone shelters," Chittagong government administrator ...

 
Israel okays large defense budget cuts
14 May 2013 16:03

Israel okays large defense budget cuts

Israel's Cabinet on Tuesday approved the 2013-2014 budget draft that will slash spending and hike taxes this year and next to rein in a growing budget deficit.Cabinet ministers approved the 17-month state spending package 21-1 with cuts of at least 25 billion shekels ($7 billion) between August 2013 ...