What is the real reason behind Chinese inflation?
China maintains yuan's peg to the dollar by continually purchasing dollars in the open market, which means that China has to buy more ad more dollars as the U.S. currency gets weaker. And here is the role of the U.S. Federal Reserve in exacerbating Beijing's concerns.
US payrolls up meager 36,000, jobless rate falls
U.S. employment rose far less than expected in January, partly the result of severe snow storms that slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009.
Most Americans do NOT like size big!
When it comes to the size of corporates, most Americans are wary of giant-sized ones straddling continents and effectively controlling many a government.
Bank of Indonesia raises rates to reassure investors
The central bank of Indonesia predictably raised interest rates on Friday as inflation fears began to spook foreign investors out of the market.
Top Ten Troubled Rulers in Middle East, Africa
As popular protests are bring down governments or seriously compromising rulers in the Middle East, one person looking at the turn of events uneasily is the Saudi Arabian King Abdullah.
Pro-Mubarak mob stabbed Al-Arabiya reporter: Al Jazeera
Doha-based Al Jazeera television has reported that an Al-Arabiya correspondent in Egypt's Tahir square has been stabbed by pro-government mobs as clashes between factions raged in the Egyptian capital.
US job cuts plunged 46 percent in Jan. from a year earlier: Challenger
Employers in the U.S. announced plans to cut 38,519 jobs in January, according to the Challenger jobs data released on Wednesday. Compared to a year ago, however, last month’s job cuts were down sharply, falling 46 percent from the 71,482 job cuts recorded in January 2010.
UK construction activity bounces back in January
Construction activity returned to growth in January, helped by better weather and a rise in new business, the monthly Markit/CIPS purchasing managers index showed on Wednesday.
Eurozone producer price rise signals inflationary pressure
Industrial producer prices in the eruozone surged 5.3 percent annually last year while the growth in the broader European Union was 5.9 percent, Eurostat data showed on Wednesday.
Ground control receives signal from Russia's 'lost' military satellite
Russian ground control has received the first signal from the military satellite Geo-IK-2, deemed lost two hours after launch on Tuesday, the Itar-Tass news agency said on Wednesday.
NASA's Kepler spacecraft discovers planets outside solar system
NASA's Kepler space observatory has discovered more than 1,000 possible new planets outside the solar system, marking a watershed in the search for habitable alien planets.
Google Chrome goes past 10 pct market share, but lags IE in monthly gains
Google Chrome continued its good run last year with a further market share gain in January, mopping up 10 percent of the market for global browser usage, according to data from analytics firm Net Applications. However, Chrome failed to beat Internet Explorer 8.0 in monthly market share gain in January.
Egyptian protesters could march to president's palace tonight
Protesters assembled in Cairo's Tahir square are considering a march to the presidential palace, Al Jazeera reported from Cairo.
Israel should learn to live with more enemies after Mubarak
Israel has launched a diplomatic offensive as speculation intensified that the U.S. and European allies were ditching Egypt's beleaguered president Hosni Mubarak. Israel fears its decades-old peace with Egypt will crumble if Mubarak is replaced by a populist regime which by all means will be inimical to the Jewish state.
Israel lets Egyptian troops into demilitarized Sinai
For the first time since the 1979 peace treaty, Israel has allowed Egyptian military into the demilitarized Sinai peninsula to help them confront protesters demanding the resignation of president Hosni Mubarak.
UK manufacturing PMI hits record high in January
Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
What is Egypt’s April 6 movement?
Egyptians are close to creating history as their Facebook-fuelled digital age revolution looks formidable for now and well on course to replacing a 30-year regime. The Facebook group called ‘the April 6 Movement’ has been the catalyst of the current political upheaval shaking up the government of Hosni Mubarak.
Muslim Brotherhood supports ElBaradei-led national unity government
Egypt's radical opposition group Muslim Brotherhood confirmed on Tuesday it will support the former IAEA director and opposition point man Mohammed ElBaradei in forming a national unity government.
Mubarak's departure on cards as 'March of a Million' starts in Egyptian cities
Egyptian President Hosni Mubarak's tottering regime is bracing for the toughest challenge yet as thousands of protesters demanding his ouster barreled towards main city centers on Tuesday as part of the planned March of a Million.
Huge asteroid strike on Jupiter stokes fears of 'complex and violent’ solar system
A huge asteroid the size of the Titanic has struck Jupiter, leaving a hole as large as the Pacific Ocean and causing temperatures to rise up to 4 Kelvin, scientists have confirmed. The July 2009 crash, which released the equivalent of five gigatons of TNT, had perplexed astronomers. But with the new findings, published in the journal Icarus, the mystery behind the huge scar on Jupiter is resolved.
China's trade surplus rises 13 pct in fourth quarter
China's trade surplus with its trading partners widened as much as 13 percent to $102.2 billion in the fourth quarter, according to the preliminary data released on Monday by the State Administration of Foreign Exchange (SAFE).
Eurozone January inflation rises to 2.4 pct
Inflation in the eurozone rose to 2.4 percent in January from 2.2. percent in December, according to the preliminary estimates of Eurostat, European Union's official statistics agency.
Japanese industrial output rebounds
Japan's industrial output rose 3.1 percent in December, official data showed on Monday, suggesting the industrial sector took off on a strong note in the new year.
Shoot-to-kill orders given to Egyptian army: Press TV
Has Egyptian president Hosni Mubarak given shoot-to-kill orders to the army in a desperate attempt to face down the swelling anti-government protests?
Israel gives weapons to Egypt's Mubarak: Press TV
Iran's Press TV claimed on Monday Israel is giving weapons to Egypt to prop up the Hosni Mubarak regime which is engulfed in crisis and appearing to inch towards doom as violent popular protests gained momentum.
Who is Allen Stanford?
Texas billionaire Allen Stanford, who is accused of running a massive $7-billion Ponzi scheme, is incompetent to stand trial and must go to a rehabilitation center for addiction to pain medication, a U.S. judge in Houston has ruled. The following are key facts about the disgraced business magnate and a timeline of his legal battle:
UK consumer confidence collapses
Consumer confidence in the UK fell in January to the lowest level in two years, a survey showed on Friday.
Mandela could leave hospital tonight: Report
South Africa's Deputy President Kgalema Motlanthe said on Friday that hospitalized former president Nelson Mandela's health was improving and that there was no need to panic over his health, rubbishing speculation that the legendary leader was nearing his end.
New home sales rose to 329,000 in December
New home sales in the U.S. in December climbed to 329,000 on annual basis, official data showed on Wednesday, suggesting that the housing market remained moderately robust despite an unsustainable unemployment rate and high foreclosures.
Will US support call for reform in Egypt?
The Egyptian government should be responsive to its people's aspirations, the White House has said in measured but unusually strong comments about the raging anti-government protests in Egypt which forced the reported fleeing of the president’s son to Britain.