Obama: Republicans will struggle to defend record Austin American Statesman | WASHINGTON — President Barack Obama is signaling he'll base part of his re-election campaign on an argument that Republicans are pushing discredited economic ideas. | In an interview with ABC News, Obama says the best strategy for economic revival is avoiding the Bush administration and fina...
Cameron tells EU leaders to end euro 'tinkering' and slams financial transaction tax as 'madness' The Daily Mail | David Cameron today mounted a scathing attack on the European Union's inability to tackle the financial crisis at the world economic forum in Switzerland | David Cameron warned EU last night that the euro is doomed to failure unless they take urgent action and declaring: ‘Tinkering simply is...
Euro: Five countries hit by downgrade NZ Herald | US ratings agency Fitch says it is downgrading the credit ratings of five countries that use the euro, including economic heavyweights Italy and Spain. | The downgraded countries also including Belgium, Cyprus, and Slovenia faced financial and econ...
Euro ministers upbeat on Greece, crisis solution Gulf News | Davos: Eurozone finance officials yesterday voiced optimism that a deal to avert a disorderly Greek default was imminent and that key building blocks to resolve Europe's sovereign debt crisis are gradually fitting into place. | Europe's top e...
Spain jobless rate rises to 22.9%, raising need for new labour rules Gulf News | Madrid: Spain's unemployment rate rose to 22.9 per cent, the highest in 15 years, increasing pressure on Prime Minister Mariano Rajoy to change labour rules and deliver on his election pledge to create jobs in a shrinking economy. | The unempl...
US growth gains pace, but hurdles remain ahead Gulf News | Washington: The US economy grew at its fastest pace in a year and a half in the fourth quarter, but a strong rebuilding of stocks by businesses and weak spending on capital goods hinted at slower growth in early 2012. | US gross domestic produ...
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Bill and Melinda Gates Foundation commits $750 mil to Global Fund The Examiner | Announced today, January 26, 2012, at the World Economic Forum in Davos, Switzerland, the Gates Foundation is giving $750 million to the Global Fund to Fight AIDS, Tuberculosis a...
Gloom gathers over Davos as Merkel digs in her heels on debt The Independent | Speaking at the opening of the annual gathering of politicians and business leaders at the World Economic Forum in Davos, Switzerland, the German Chancellor insisted that her gov...
US working on better global cargo security Gulf News | Davos: The United States will work with international organisations to promote global acceptance of its new higher standards of security in the transport of cargo around the world. | US Secretary of Homeland Security Janet Napolitano told a press c...
Galoshes to replace patent leathers Gulf News | The sun came out for the first time on the fourth day of the World Economic Forum. The looming clouds lifted, and the past few days' monochrome white and black of the mist-covered woods on the slopes above Davos cleared to reveal miles of sparkling...
IMF seeks Saudi help for rescue fund Gulf News | Davos: International Monetary Fund Managing Director Christine Lagarde will visit Saudi Arabia next month to request a contribution from the kingdom to the IMF's $500 billion (Dh1.8 trillion) fundraising effort to fight the European debt crisi...
SanDisk tumbles as lower prices for phone cards hurt sales Gulf News | San Francisco: SanDisk shares dropped as much as 11 per cent in late trading on Thursday after the biggest maker of flash-memory cards gave a sales forecast that fell short of estimates, citing lower prices for chips that store data in mobile phones. | SanDisk shares slipped as low as $46.75 (Dh171.72) in extended trading after the forecast....
Paterno memorial tickets go fast; eBay yanks sales Springfield News-Sun | STATE COLLEGE, Pa. — More than 10,000 free tickets made available to the public for a memorial service for Penn State football coach Joe Paterno were snapped up in seven minutes Tuesday, with some offered for sale on eBay before the site pulled those ads. | The service will be held Thursday at the school's 16,000-seat basketball arena, the ...
