Tunisia's ex-ruler Ben Ali 'seriously ill' in Saudi hospital: reports
Zine al-Abidine Ben Ali, the former ruler of Tunisia is seriously ill in a hospital in Saudi Arabia, where he fled to exile, according to various media reports.
Former senior member of Algeria’s ruling party urges sweeping reforms
Amidst growing political unrest in Algeria, one of the country’s founding fathers has called for a peaceful change in government, accusing the present regime of incompetence.
When interest rates rise so do stock prices
There are now increasing concerns that rising Treasury yields will begin to push stock prices lower and punish new entrants to the equity market. Our view is that there is still plenty of room for risk-free interest rates to rise without having a negative impact on the current equity rally.
Thousands protest sweeping cuts in Wisconsin budget; unions strength also challenged by governor
Thousands of state workers and their supporters in Wisconsin have besieged the capitol in Madison to protest against huge budget cuts proposed by Governor Scott Walker.
Philadelphia Fed surges in February to 7-year high
Manufacturing activity in the Philadelphia area soared in February, climbing to its highest level since January 2004.
NetApp shares plunging on downgrades
Shares of NetApp Inc. (Nasdaq: NTAP) are plunging after a series of brokerage downgrades on the data storage company.
Crisis in Bahrain deepens as military takes over streets, bans protests
Further protest demonstrations have been banned in Bahrain, while the small nation’s military takes greater control following violent anti-government clashes in the capital, Manama, according to state T
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.
UK divorce figures drop to 35-year low
For the sixth consecutive year, the number of divorces in England and Wales have fallen and have reached their lowest level since 1974.
Mideast turmoil represents “historical critical juncture”: Achilov
What is happening in the Middle East is a major historical critical juncture, said Dilshod A. Achilov, a professor of political science at East Tennessee State University.
Connecticut governor proposes across-the-board tax hikes to cut budget deficit
The newly-elected governor of Connecticut, Democrat Daniel P. Malloy, has presented a budget for fiscal 2012 that will increase state income and sales tax by $1.5 billion.
M&A deals help to pump up U.S stocks to multi-year highs
U.S. Stocks climbed, supported by some solid earnings reports and a number or M&A deal-making, as the Dow and S&P 500 reached 31-month highs.
Who could play Hosni Mubarak in the inevitable movie? (SLIDESHOW)
Who could play the leading (and tragic role) of Mubarak? There are not many Arab actors in Hollywood – Arab characters have traditionally been played by East Indian, Italian and Hispanic actors (think of Anthony Quinn in “Lawrence of Arabia”).
Here are some possibilities for the role of a lifetime:
FOMC minutes reveal slightly improved U.S. economic forecast, but not enough to curtail bond-buying program
Minutes from the Jan.25-26 meeting of the Federal Open Market Committee (FOMC) reveal that central bank members had slightly improved their outlook on the U.S. economy, but still decided to maintain their program to purchase $600-million in bonds.
Florida Governor rejects federal funding for high-speed rail system
The governor of Florida, Republican Rick Scott said that he rejected $2-billion federal funding for a high-speed rail that would have linked Tampa to Orlando.
Intereview: Former State Department official explores ongoing turmoil in Middle East
Aaron David Miller, Public Policy Scholar at the Woodrow Wilson International Center for Scholars in Washington D.C. and an expert in U.S. Middle East relations speaks to International Business Times about the ongoing political unrest in the Middle East and North Africa.
100 years ago, British royal family had another historic event
The upcoming royal wedding between Prince William of England and Kate Middelton will occur almost exactly 100 years after another milestone event in the history of the British Royal Family – the legendary “Delhi Durbar” of 1911.
Israel warns of Iranian warships passing through Suez
The government of Israel said it is monitoring two Iranian warships which seeks to pass through the Suez Canal for Syria (an ally of Iran) and warn they might react to any provocation.
Arab League chief to run for president of Egypt
Amr Moussa, the secretary-general of the Arab League, said he will run for president in Egypt's upcoming presidential elections, according to Al-Arabia TV.
Might CME make a bid for NYSE Euronext, and thwart Deutsche Boerse?
While Wall Street is buzzing over the historic proposed merger between Germany’s Deutsche Boerse and the NYSE Euronext (NYSE: NYX), there is also speculation that CME Group Inc. (NYSE: CME) might also make a bid for the New York exchange.
Family Dollar shares jump on buyout bid
Shares of Family Dollar Stores Inc. (NYSE: FDO) are soaring after the discount retailer confirmed late yesterday that it has received an unsolicited bid from the Trian Group, a New York hedge fund, at a price of $55 to $60 per share.
California Governor orders state hiring freeze
The governor of California Jerry Brown has ordered statewide hiring freeze in order cut government costs, just after abandoned a legal effort to reduce government workers' salaries, as part of a wider plan to cut $363 million from the state bureaucracy.
New clashes at Tehran funeral following anti-government rally
The funeral of a student killed during anti-government protests on Monday have led to renewed clashes in Tehran, according to state-controlled Iranian television.
Merkel crony named chief of Bundesbank
Jens Weidmann has been named chief of the Bundesbank, replacing Axel Weber who recently quit for “personal reasons.”
Iran’s president dismisses anti-government protesters
Iran’s president Mahmoud Ahmadinejad has dismissed anti-government protests across his country as getting “nowhere” and warned that he will punish the rally organizers.
Japanese schoolchildren struck by food poisoning
Almost 1,000 school-children in Japan have become ill in a feared outbreak of food poisoning.
Stocks fall as retail sales data weighs
U.S. stocks slipped as retail sales raised doubts about the economic recovery. Energy and basic materials equities led the way downward, albeit in moderate trading volume.
Apple seeks to root out underage labor at its Chinese suppliers
Apple Inc. (Nasdaq: AAPL) disclosed in a report 91 children under the age of 16 were found to be working last year in ten Chinese factories owned by its suppliers.
Teenaged Syrian blogger sentenced to prison for “spying”
A special security court in Syria has sentenced 19-year-old blogger Tal al-Mallohi to five years in jail on charges of “revealing information to a foreign country,” according to state officials.
Food prices have reached “dangerous” levels: World Bank
Global food prices have reached dangerous levels and have pushed an additional 44-million more people in the developing nations into poverty since last June.