EARTHQUAKE

Outside view shows the Euro sculpture in front of the ECB headquarters in Frankfurt

European Central Bank Fights for its Soul

Twelve years after German Chancellor Helmut Kohl pushed through the monetary union over the objections of a majority of his country's citizens, the bloc is crumbling under the burden of huge debts. And the one institution that Germans were told would ensure stability, the ECB, is in deep crisis itself. In the absence of decisive action from Europe's leaders, the bank has come under enormous pressure to fill the gap.

Recovering economy grows in July

Recovering economy grows in July
The economy grew in July, the second straight month of expansion, setting the stage for a positive third quarter after the second-quarter's worrying contraction.
More news
Venezuelan President Hugo Chavez speaks to the media as he stands next to the U.S. actor Sean Penn after their meeting at Miraflores Palace in Caracas

Actor Sean Penn Worked to Get Americans from Iran

U.S. actor Sean Penn engaged in attempts to secure the release of two Americans freed by Iran this week, flying to Venezuela to ask President Hugo Chavez to intervene with Iran's leader, a source close to the release process said on Friday.
IBTimes Logo

FedEx Seen Cutting Outlook with Economy Stalled

FedEx Corp is seen reporting higher quarterly results than a year ago on Thursday, but analysts are more keen to see if the No. 2 package delivery company cuts its full-year guidance because stalled global economic growth has stifled volume.
India-Nepal quake

Rescue Workers Search for Survivors of Himalaya Quake

Rescue workers with sensors and sniffer dogs searched through rubble on Wednesday for more survivors of an earthquake that has killed at least 100 people in a remote Himalayan region and left many, including 400 foreigners, stranded in far-flung areas.
Bank of Canada says Greece exit not the cure

Inflation jumps as rate pressure seen muted

Canada's annual inflation rate climbed to a higher-than-expected 3.1 percent in August, but analysts said on Wednesday this was unlikely to worry the Bank of Canada, which is more concerned about problems in Europe and the United States.
IBTimes Logo

Canada commercial loans rise, signaling expansion

Canadian commercial lending rose in the second quarter, PayNet Inc said on Wednesday, in a report that showed smaller businesses we're expanding even as economic storm clouds gather in Europe and the United States.
Typhoon Roke Hits Japan

Typhoon Roke: Japan Storm Moves Toward Pacific

Typhoon Roke is moving off shore and toward the Kuril Island archipelago between Japan and Russia, according to reports. The storm is still pounding the central Japan with rain, including the Fukushima nuclear power plant, which has so far avoid any major damage.
India-Nepal quake

India Earthquake: Rescuers Push into Isolated Towns

Six thousand troops have been deployed to the India-Nepal border, where a 6.9 magnitude earthquake hit Sunday night. The current death toll has risen to 90 people, about 50 from the Indian state of Sikkim, along with others in Nepal and Tibet.
India earthquake zone map

Earthquake Death Toll in India, Nepal Expected to Increase

None of India's 20 nuclear power plants were disturbed by the earthquake, officials said Monday. The nuclear facility closest to the quake's epicenter is the Narora Power Station, some 800 miles to the west. The quake hit Sunday night, and the death toll has reached 74 people.
Earthquakes have recently struck Alaska and Southern California

10 Deadliest Earthquakes in the Past Century

There have been a number of high-profile earthquakes in the last month, including ones in India, Japan, Cuba, Indonesia and the United States. Here are the ten worst quakes over the past 100 years.
India earthquake

India Earthquake: Death Toll Exceeds 50

The death toll has risen to 53 people in Sikkim, India, where a 6.9 magnitude earthquake hit Sunday night. About ten of the deaths occurred in Nepal, primarily in the capital of Katmandu, where a series of building collapses trapped people under debris.
Members of the Nepalese army clear stones around a damaged car after the wall surrounding the British Embassy collapsed on top of the car that was passing by in Kathmandu

Magnitude 6.8 Quake Hits India, Several Dead

A magnitude 6.8 earthquake hit a remote Himalayan region in northern India on Sunday evening, killing at least four people and five in neighbouring Nepal as well as damaging buildings and blocking roads, officials said

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.