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Breaking News Fri, 27 Jan 2012
President Barack Obama talks about the ongoing budget negotiations, Monday, July 11, 2011, in the briefing room of the White House in Washington.
(photo: AP / Pablo Martinez Monsivais)
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...
Britain's Prime Minister David Cameron attends a meeting with healthcare representatives at 10 Downing Street in London,Wednesday April 13, 2011. Cameron and French President Nicolas Sarkozy will hold talks in Paris later in the day about the military operation in Libya, along with both countries' defense chiefs. The talks come amid a public rift between with the U.S. over the NATO-led Libya campaign, which has failed to rout Moammar Gadhafi's forces after three weeks of airstrikes.
(photo: AP / Dan Kitwood, pool))
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...
Bill and Melinda Gates
Creative Commons / Kjetil Ree
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...
International Monetary Fund (IMF) managing director Christine Lagarde delivers her speech at the end of the Deauville partnership meeting in Marseille, southern France, Saturday, Sept.10, 2011.
AP / Lionel Cironneau
IMF chief Christine Lagarde evokes possible European effort for Greece
The Times Of India
PARIS: IMF chief Christine Lagarde said Wednesday that European public creditors would need to pitch in and help Greece if banks and insurers did not agree to a sufficient cut in m...
Angela Merkel - World Economic Forum Annual Meeting 2011
Creative Commons / Flickr upload bot
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...
Press
** FILE ** In this Jan. 5, 2008 file photo, Sandisk's 8GB microSDHC card is showcased at the CES Unveiled press preview event held at the Venetian hotel and casino in Las Vegas. Samsung Electronics Co. is pursuing an acquisition of U.S. computer memory card maker SanDisk Corp., a South Korean online business newspaper reported Friday, Sept. 5, 2008.
(photo: AP / Jae C. Hong, file)
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....
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ebay
(photo: Creative Commons / whiteafrican)
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 ...



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