India's Finance Minister P Chidambaram Wednesday approved a proposal to raise foreign direct investment (FDI) ceiling in insurance and pension sectors to 49 percent from the existing 26 percent to boost investor confidence.
Vestas Wind Systems A/S, the western Denmark-based energy company and the world's largest maker of wind turbines, announced Wednesday that it is letting go of 1,400 workers - a 7 percent cut of its entire workforce.
The Congressional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S. economy into recession next year.
President Obama said on Tuesday that a two-year freeze on federal salaries will continue until at least next spring,
Iran announced an ungraded version of a short-range ballistic missile system, the Fatah-110 or Conqueror at a ceremony Tuesday presided over by President Mahmoud Ahmadinejad.
Is the U.S. economy headed for a recession before it fully recovers from the last one? There's no better indicator to watch than trash.
Thirteen former employees of General Motors' Colombian subsidiary are in the fourth week of a hunger strike outside of the U.S. Embassy in Bogota. They say GM fired them when they were injured on the job and has not provided medical care or pensions.
There's an almost-daft energy over Wall Street at the moment as stocks keep to four-year highs, a trend that hasn't kept analysts from warning that the party is about to be over.
?Nothing short of the prime minister?s resignation will satisfy us,? said senior BJP official Yashwant Sinha.
Kansas Republican Kevin Yoder has apologized for swimming nude in the Sea of Galilee last August while on a trip paid for by the American Israel Educational Foundation -- an organization sponsoring these trips to "help educate political leaders".
Beni Prasad Verma, Indian Minister for Steel, remarked Monday that inflation was good for the country as it would benefit the farmers. His pithy observation has given the opposition parties more meat to attack the government.
The grisly scenes unfolding in the far-flung northeast may fan communal politics in a country where simmering tensions between Hindus and Muslims have often been exploited for electoral gain.
Republican Senate hopeful Rep. Todd Akin made headlines on Sunday with claims that women are extremely unlikely to get pregnant after "legitimate rape." After the controversy broke, Akin released a full statement claiming he "misspoke."
South African President Jacob Zuma has declared a week of national mourning for the striking miners killed in violence at a platinum mine Thursday, as the mine operator delivered an ultimatum for the strikers' return to work.
With the deepening of India's economic troubles, investors expect that Finance Minister P Chidambaram will take bold measures to boost the market confidence and rejuvenate growth.
34 miners have been killed and another 78 wounded during the Thursday clash between striking miners and police officers at a platinum mine.
The U.S. Treasury is accelerating taxpayer repayments by Fannie Mae and Freddie Mac, the mortgage finance companies that own or guarantee around 60 percent of the country's housing market, but the strategy will only work if the housing market continues to improve.
Republican presidential nominee Mitt Romney's newly appointed running mate, Paul Ryan, has become as well known for his six pack as for his political stances.
HBO on Thursday announced that it has placed a straight-to-series order for Guest's "Family Tree," a single-camera comedy about an unemployed 30-year-old who receives a mysterious box from his great aunt.
After a security guard was shot by a lone gunman at the Family Research Council in Washington DC on Wednesday, presidential hopeful Mitt Romney has responded to the Washington shooting, stating that "there is no place for such violence in our society."
Hank The Cat released a new ad as part of his ongoing campaign for an open Virginia Senate seat, and it's message is clear: the humans don't deserve the job.
Spending on advertising by Republican and Democratic presidential campaigns and Pro-Romney or Pro-Obama Super PACs is expected to reach $2.9 billion, even as national TV ad spending shrinks in the face of the looming "fiscal cliff."
