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World Market Overview 18/02/2011

U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.

Harvard scholar weighs in on Middle East turmoil

Dr. Paul Beran, the Outreach Director at the Center for Middle Eastern Studies at Harvard University is a researcher, writer and teacher on civil society in the Middle East. International Business Times spoke with Beran to discuss the current unrest in the region.
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World Market update

U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.
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Anti-government protesters (back to the camera) and government backers face each other during clashes in Sanaa

Yemeni protesters battle govt loyalists: 40 hurt

Fierce clashes between protesters and government loyalists left at least 40 wounded in Yemen on Thursday, the seventh day of demonstrations demanding an end to President Ali Abdullah Saleh's 32-year rule.
North Korean Scud-B Missile, South Korean Hawk Surface-To-air Missiles

North Korea completes second missile site

Satellite images show North Korea has likely completed a second long range missile launchpad, an expert said on Thursday, amid U.S. concerns that Pyongyang's ballistic missile programme is fast becoming a direct threat.
Pro-government supporters of Egyptian President Hosni Mubarak shout slogans atop an army tank near Tahrir square in central Cairo

Egyptians seek to forge democracy from revolution

Egyptian youth leaders moved to set up a new political party on Thursday in the post-Mubarak era while a committee worked on changing the constitution to prepare for elections promised by military rulers within six months.
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NY City to lay off teachers despite rising revenue

New York City will have to lay off more than 4,000 public school teachers even though its revenue has leaped about $2 billion since forecasts made last November, a mayoral aide said on Wednesday. New York City has around 75,000 teachers but the headcount must be reduced because Democratic Governor Andrew Cuomo wants to cut state aid by $2.1 billion, the aide said.
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Gold gains safe-haven bid from M.East turmoil

Gold rose for a fourth day in a row on Thursday in its strongest run since September, helped by safe-haven demand as unrest spread across the Middle East, while the dollar remained under mild pressure.
A job seeker reads job postings at the Virginia Employment Commission office in Alexandria, Virginia

Jobless claims rise 25,000 last week

New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week's hefty decline.
Traders work on the floor of the New York Stock Exchange

US stocks decline after CPI, jobs data

US stocks declined in early trade on Thursday after official data showed that weekly jobless claims unexpectedly rose last week while Consumer Price Index (CPI) climbed more than forecast in January.
US consumer prices rise as food, fuel costs increase

US consumer prices rise as food, fuel costs increase

The overall consumer price inflation in the U.S. rose 0.4 percent in January on a seasonally adjusted basis, the Bureau of Labor Statistics (BLS) said on Thursday. The rise in inflation was mainly driven by increases in energy, commodities and food prices, the report said.
Shoppers leave Costco in Fairfax, Virginia

Consumer prices rise in January

U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures.
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China censors U.S. posts on Internet freedom

China's Internet censors have deleted U.S. Embassy posts promoting Secretary of State Hillary Clinton's speech on Internet freedom from microblogs, parrying U.S. efforts to spur debate about Beijing's grip on free speech.
Obama's 2014 Budget Proposal

Federal IT Budget Backs Growth in Cloud Plays

U.S. President Barack Obama's proposed 2012 Federal budget included proposals to improve the inefficiencies in government data centers. The budget outlines the adoption of cloud-computing and virtualization technologies to lower IT spending costs and increase agility.

How Internet censorship works in China

The 'Provisions on News Information Services', which was issued in 2005, states that the purpose of news websites is not to inform the public of the facts, but instead to “serve socialism” and to “safeguard the nation’s interests and the public interest.”

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