US Fossil Fuel Subsidies Increase 'Dramatically' Despite Climate Change Pledge
According to a new report, the U.S. is spending over $20 billion a year on subsidizing fossil fuels -- a 35 percent increase since President Obama took office in 2009.
As Expectations Of December Rate Hike Grow, Analysts Look To US Fed Policymakers For Direction
Federal Reserve officials including Chairwoman Janet Yellen are scheduled to speak Thursday, and with a rate hike looking likely, their remarks will be closely scrutinized.
Europe's Refugee Crisis: Malta Summit Brings Together Leaders From Africa, EU
Even as leaders from the European Union and Africa converged on Malta for a two-day summit, at least 14 refugees, including seven children, drowned off the coast of Turkey.
EU Approves Guidelines For Labeling Products From Israeli Settlements
The approval came despite stiff opposition from the Israeli government, which termed the policy as “disguised anti-Semitism.”
Narendra Modi UK Visit: With Eye On Investment, Indian Prime Minister To Begin Maiden Trip
The three-day trip to Britain will come shortly after Narendra Modi's Bharatiya Janata Party absorbed a big defeat in key elections in the eastern Indian state of Bihar.
As Holiday Season Looms, Inventory Buildup Worries North American Retailers
Retailers may be forced to offer massive discounts during Black Friday sales events unless they clear the goods piling up on their shelves, according to the Wall Street Journal.
McDonald's Decides Against Real Estate Investment Trust, To Hike Dividend
Close on the heels of a strong quarterly performance, the fast food giant announced a 5 percent increase in fourth-quarter dividend for shareholders.
Catalonia Lawmakers Defy Madrid, Approve Plan For Secession From Spain
The resolution, approved by Catalonia’s regional parliament, calls on the assembly to start working on legislation within 30 days to create a separate social security system and treasury.
Breakthrough Prize 2015: 'The Oscars Of Science' Award Millions To Outstanding Scientists
The prize, founded in 2012, is awarded to scientists who make "fundamental discoveries about the universe, life and the mind."
Global Banks Face $1.2 Trillion Shortfall Under Proposed FSB Rules
Europe's Financial Stability Board has recommended that the world's largest banks create financial buffers to save taxpayers from paying for expensive bailouts in the future.
Boston Fed Chief Eric Rosengren's Speech To Be Watched For Rate Hike Clues As Labor Market Strengthens
Eric Rosengren has in the past spoken about his preference for not waiting too long for a rate hike for fear of falling behind the curve.
Weyerhaeuser To Buy Rival Plum Creek To Create $23B Timber Giant
Weyerhaeuser will buy Plum Creek, in a deal that could be valued at over $8.4 billion, to create a $23 billion company.
CERN LHC Update: After Successful Proton Run, Focus Shifts To Heavy Ion Collisions
The heavy ion collisions will be aimed at recreating the quark-gluon plasma, which existed for a few millionths of a second after the big bang,
Eurozone Growth Forecast Mixed As 'Temporary Tailwinds' Likely To Fade
Low oil prices and a weak euro are likely to boost growth in the 19-nation eurozone this year, before their fading impact slows growth in 2016, the European Commission said.
Toyota Q2 Profit Jumps 13.5% As Weak Yen Offsets Slowdown In Emerging Markets, Automaker Cuts Sales Target
The world’s top-selling automaker announced a 13.5 percent rise in second-quarter profit, but cut its annual sales target because of slowing sales in emerging markets.
Facebook's Standalone News App 'Notify' To Be Launched Next Week: Report
The standalone, real-time news app will allow users to subscribe to certain news organizations and receive notifications each time a story breaks.
Expedia Announces $3.9B Acquisition Of Vacation Rental Site HomeAway
The deal is the latest in a series of increasingly expensive acquisitions Expedia has undertaken over the past year in order to compete with its rival Airbnb.
New York Fed Conference: Prospects Of December Rate Hike Likely To Figure In Discussions
Investors will keep a close eye on Thursday's event at the New York Fed, where many top policy makers -- including IMF Chief Christine Lagarde -- are scheduled to speak.
China Surge Leads Asia Market Rally, European Shares Open Sharply Higher
The Asian rally -- led by China, where the Shanghai Composite ended the day's trade up 4.3 percent -- pushed global stocks higher Wednesday.
Refugee Crisis: A Stateless Child Is Born Every 10 Minutes, UN Agency Says
In a new report, the United Nations Refugee Agency urged countries to act immediately to end statelessness before the problem is "set in stone."
Libor Rigging Case: Verdict Nears In Landmark US Trial, Ex-Rabobank Traders' Fates Hang In Balance
The jury began deliberating in a landmark trial in Manhattan, in a case that could set a precedent for other high-profile Libor-rigging scandals.
AB InBev, SABMiller Merger: Deadline To Make Formal Offer Extended By A Week
Anheuser-Busch InBev now has until 12 p.m. EST on Nov. 11 to submit a formal takeover offer for SABMiller. The previous deadline was set to expire Wednesday.
Janet Yellen's Congressional Testimony: Fed Chairwoman To Take Questions On Regulatory Powers, Economic Outlook
The first-of-its-kind hearing will focus on the U.S. Federal Reserve's plans for regulating the nation's banks and overseeing its financial system.
FBI Faces Flak For Video Game-Like 'Don't Be A Puppet' Website
Muslim and Arab advocacy groups criticized the agency for a proposed video game-style website that aims to help people identify a victim of radical extremism.
Xi Jinping Embraces China's New Normal: A 6.5% Annual Growth Target Through 2020
Chinese President Xi Jinping said Tuesday that the country's annual economic growth rate over the next five years will not be less than 6.5 percent.
Nigeria Oil Spills: Shell's Claims Of Having Cleaned Up Contaminated Sites 'Blatantly False,' Says Amnesty
In a new report, Amnesty International accused the Anglo-Dutch oil giant of failing to adequately clean up oil spill sites in the Niger Delta.
Turkey Election Victory Gives Erdogan A Chance For Economic Reform, But Fears Linger
While markets welcomed Turkey's election outcome Sunday, investors await substantive economic reforms in a country hobbled by slow growth and high inflation.
S&P May Cut Credit Ratings Of 8 Large US Banks, Including JPMorgan And Bank of America
Standard & Poor’s said Monday that the banks may be in for a downgrade if it assesses the prospects of any future government support to be "uncertain."
Afghan Taliban Faction Names Mullah Mohammad Rasool As Rival Leader
Mullah Mohammad Rasool, who served as governor of the southern Nimruz province during the Taliban regime, has been appointed as the leader of a Taliban faction.
Greek Debt Crisis: Government To Aid Bank Recapitalization Through Purchase Of Bonds, Shares
The Greek state-owned bailout fund will supply at least $11 billion in aid to the country's four largest banks through purchase of convertible bonds and shares.