Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.
The freed slaves are reportedly between the ages of 16 and 24.
Apple already has more than 100 resellers in Hong Kong and plans are underway to open a second retail location next year.
For the third Beijing International Polo Open Tournament, luxury watch-maker, Piaget, has been announced the official timekeeper of the event.
Scientists from 16 countries will converge in the Indian Ocean next month and pool their resources to conduct a six-month field study on how tropical weather developed in that ocean affects weather patterns in other parts of the world.
Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.
Zambian opposition leader Michael Sata, a critic of Chinese investment, was sworn in as president on Friday after an upset poll victory that ushered in a smooth handover of power in Africa's biggest copper producer.
Banda conceded to Sata on Friday, ending three days of riots and protesting. The presidential vote was held nationwide on Tuesday, but the government had been slow to tally the votes, a fact which angered eager Zambians.
Silvercorp Metals Inc. said Friday it is suing a group of detractors for allegedly spreading falsehoods about the company in the hope of profiting from a decline in its share price.
Sata has long complained about undue Chinese influence upon the Zambian economy and political life.
Finance officials from the Group of 20 nations on Thursday pledged to preserve financial stability and said central banks were ready to provide liquidity as needed, but a communique after the meeting offered few hints of fresh action to contain Europe's raging debt crisis or revive the faltering global economy.
U.S. gold futures posted their steepest losses in a month on Thursday, dragged down by a global flight from risk that raises new questions about bullion's value as a safe haven and the sustainability of its long rally.
Forbes' latest list of billionaires, which was published on Wednesday, has a few surprises on it. The world has now 1,210 billionaires, with a total net worth of $4.5 trillion. The number of billionaires has doubled in China while Moscow surpasses all other cities in the number of billionaires.
Apple Inc. is expected to conduct a press event on Oct. 4, which may see the release of iPhone 5 with iOS 5, according to analysts. Analysts at Jefferies are expecting Apple to focus on iOS 5 and its cloud service capabilities.
The world's major economies on Thursday pledged to prevent Europe's debt crisis from undermining banks and financial markets, and said the euro zone's rescue fund could be bolstered.
Global carbon dioxide (CO2) emissions have increased by 45 per cent in the past two decades and reached an all-time high in 2010, says a report.
The world's major economies pledged on Thursday to prevent the euro zone's debt crisis from undermining banks and markets but announced no new specific measures to shore up confidence in the global economy.
Commodity investors fled for the exits on Thursday in a panic over raw materials demand, unconvinced that Federal Reserve action will stem a global economic slowdown that shows signs of infecting China and Germany.
The Dow has lost 6.74 percent over the past four days.
The week's stock market crash didn’t spare the technology sector, which is often immune from the cycles that beset banking and basic industries. If anything, tech stocks got hammered worse than the market.
China's defense ministry warned that the deal with Taiwan has caused serious damage to Sino-US military relations.
Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.
