UNEMPLOYMENT

South Africa's National Planning Commission unveiled a plan on Friday to reduce unemployment and poverty plaguing Africa's biggest economy, but key elements may be blocked by a powerful union in a governing alliance with the ruling ANC.

The International Monetary Fund on Friday warned that advanced economies could fall back into recession unless policy-makers move with greater urgency to agree on policies to boost growth.

On the eve of the day meant to remember those who fought for the U.S., the Senate passed a portion of President Barack Obama's jobs plan, a mix of increased benefits and tax incentives to hire veteran enduring prolonged unemployment. The vote accompanied U.S. companies promising to provide 100,000 jobs for veterans.

This spells more bad news for the ruling Socialist government which is likely facing a huge defeat at the hands of the opposition conservative Popular Party in the November 20 elections.

Greeks lauded the nomination of new prime minister Lucas Papademos on Friday and expressed hope his government could put the economy back on track and calm political turmoil that has threatened to force Athens out of the euro zone.

Greeks lauded the nomination of new Prime Minister Lucas Papademos Friday and expressed hope that his government could put the economy back on track and calm political turmoil that has threatened to force Athens out of the euro zone.

The number of people who filed for unemployment benefits dropped to 390,000 in the week ending November 5, down 10,000 from the week before, which the lowest level since April.

Anti-Wall Street protesters hoping to commandeer a worldwide television audience to air their grievances said on Thursday they would peacefully occupy this year's Rose Parade in Pasadena.

The paradox of Occupy Wall Street's effect on local business is seen in the span of half a New York City block -- from 40 Wall St. to 60 Wall St.

South Africa's ruling ANC kicked out its firebrand Youth League leader, Julius Malema, from the party for five years on Thursday after finding him guilty of dividing and bringing the 99-year-old liberation movement into disrepute.

The U.S. 30-year fixed-rate mortgage rate dropped slightly to 3.99 percent in the week ending Nov. 10, according to Freddie Mac's Primary Mortgage Market Survey.

As the Eurozone Crisis boils, Ireland's continuous difficulties remain glaringly evident, in spite of the Nov. 2010 bailout.

New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the economy.

New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the economy.

New U.S. claims for unemployment benefits declined for the second straight week, to the lowest level since the first week of April, the Labor Department said on Thursday.

The number of people filing for state unemployment benefits fell to the lowest level since the first week of April, government data showed on Thursday. The Labor Department says new claims fell by 10,000 to 390,000 in the week ended Nov.5, registering below 400,000 for the second straight week.

Is the U.S. job market on the mend? Initial jobless claims for unemployment benefits in the U.S. dropped for the second week in a row, to 390,000 -- their lowest level in seven months, according to the U.S. Labor Department.

South Africa's ruling ANC kicked out its firebrand Youth League leader, Julius Malema, from the party for five years on Thursday after finding him guilty of dividing and bringing the 99-year-old liberation movement into disrepute.

Spain's new government will unleash a wave of spending cuts and strengthen economic reforms in the first months of its legislature, moves that will throw the economy back into recession and send unemployment higher before making things better.

Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.

The U.S. Census Bureau released a study on a supplemental poverty measure that complements the nation's official poverty evaluation. Under the new guidelines, 49.1 million Americans, or 16 percent of the population, are classified as living in poverty. This is 2.9 million more than which are classified under the official measure.