EU decides to temporarily terminate Schengen policy, restrict free travel
The European Union (EU) has decided to stop its free travel policy across the continent in the midst of fears of migrants fleeing Africa due to the unrest.
Gamera takes off but fails to bag Sikorsky Prize
The Gamera, the first human powered copter, designed by the students of University of Maryland, finally took off for nearly four seconds late Thursday afternoon, reports said.
Digital music sales hit £1 billion in UK
Total digital music sales in the UK have hit £1 billion barrier for the first time since the launch of legal online music service in 2004.
Wikipedia founder Jimmy Wales dismisses US privacy laws
Wikipedia founder Jimmy Wales has dismissed the current privacy law in U.S as a ‘violation of human rights’, responding to the debate on super-injunctions.
Open-air funeral for Spain's quake victims
Spain is preparing to hold an open-air funeral Mass for the four victims of the two earthquakes which had shaken the southern town of Lorca on Wednesday.
Hamas sending signals of reunity
Hamas, the Islamist group is sending hints of restraint as it joins hand with Fatah to form a Palestinian unity government.
Qatar backs off on GCC-brokered Yemen peace initiative
Qatar decided to exit the Gulf Cooperation Council (GCC)-brokered initiative to resolve the crisis in Yemen due to the delay of Yemeni President in signing of deal, Xinhua reported Qatar News Agency as saying.
Mubarak's detention extended for 15 days
Egypt's authorities have extended the detention of former President Hosni Mubarak for another 15 days.
No shooting on Syrian pro-democracy protesters today: Assad
Syrian President Bashar al-Assad has ordered troops not to fire on pro-democracy protesters on Friday, the day of prayer for Muslims.
US trade deficit fell slightly in Feb.
The US trade gap narrowed slightly less-than-expected in February, following a surge in the previous month.
UK inflation drops in March, first time in 8 months; sterling too falls
Consumer prices in Britain slowed for the first time in eight months in March, dampening expectations over interest rate hike by the Bank of England in the near term.
Oil prices plunge after Japan’s second massive earthquake
Crude oil prices slipped on Thursday, after reports of another earthquake hitting Japan.
US Initial jobless claims fell more than expected last week
The applications for jobless benefits in the U.S. fell more than expected last week, recording a second consecutive weekly decline.
German industrial production rose sharply in Feb.
German industrial production rose more-than-expected in February, mainly led by a strong increase in building industry output.
8,200 Indians have wealth worth $945 billion: report
Wealth-X estimates that there are 8,200 Indians (including Non-Resident Indians) worth more than $30 million with an aggregate net worth of $945 billion
Toyota sells a million Prius hybrids in the US
Toyota Motors on Wednesday announced that it has sold a million units of its hybrid gas-electric vehicle, Prius, in the United States.
US mortgage demand fell for second straight week
Mortgage applications in the U.S. fell for a second straight week ended April 1., despite mortgage interest rates remaining flat.
German factory orders rose sharply in Feb.
German factory orders surged in February, mainly boosted by strong domestic demand.
Eurozone retail sales fell unexpectedly in Feb.
Retail sales in eurozone fell unexpectedly in February, as consumers curtailed spending amid rising prices. The volume of retail trade in the 17-nation eurozone dropped 0.1 percent in February compared with 0.2 percent increase in January, the Eurostat said on Tuesday.
US nonfarm payrolls gain more than expected, unemployment rate dips
The number of people employed in the non-farming businesses in the US rose more than expected in March, showing that economic recovery in the nation is on track.
Eurozone unemployment rate dips in Feb.
The number of unemployed people in eurozone fell in February, after remaining unchanged in the past two months.
Oil prices above $107 as Libya fighting intensifies
Oil prices rose above $107 on Friday in Asia, amid concerns that escalating fighting between the rebels and Moammar Gadhafi’s forces in Libya would lead to disruption of oil exports from the OPEC nation for longer than expected.
US private sector employment rose by 201,000 in March: ADP
Private sector employment in the US rose in March, indicating improved labor conditions. U.S. nonfarm employment increased by 201,000 in March compared with downwardly revised figure of 208,000 jobs in February, ADP report showed on Wednesday.
US mortgage applications fell last week
Mortgage applications in the U.S. fell in the week ended March. 25, following an sharp increase in mortgage interest rates.
UK economy contracted less than estimated in fourth quarter
The UK economy contracted less than previously estimated in the fourth quarter last year, as services and manufacturing output was revised higher.
Oil prices slip towards $103 as traders eye Libya
Crude prices traded below $104 a barrel on Tuesday in Asia as Libyan rebels announced resumption of oil exports from the sites controlled by them.
US pending home sales rebound sharply
Pending home sales in the US rebounded sharply in February, after showing a decline in the previous two months.
US personal spending rose more than expected in Feb.
Personal spending in the US rose more than expected in February while income increased less than expected, indicating that the average consumer is growing more confident about the economic recovery.
Oil prices slip as Libyan rebels plan restart of exports
Crude oil futures slipped on Monday as Libyan rebels disclosed plans of oil exports from the key oil towns captured by them over the weekend.
Initial jobless claims fell more than expected last week
The applications for jobless benefits in the U.S. fell more than expected last week, recording a drop for a second consecutive week.