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Why jobs are going overseas

Employees work inside a Foxconn factory in the township of Longhua in the southern Guangdong province in this May 26, 2010 file photo.
Decades ago, the United States had a huge competitive edge over the rest of the world. However, that advantage is slipping away and so are American jobs.

U.S. provided a safe haven for Nazi war criminals: Report

View of barbed wire fence at the Auschwitz ' former Nazi death camp in Poland, August 1978
The U.S. government had been secretly sheltering Nazi war criminals for several years and has clashed with other nations over their fate, a 600-page report, which the Department of Justice has tried to keep hidden from the public, reveals.
Traders work on the floor of the New York Stock Exchange

US stocks rally on strong economic data

U.S. stocks rallied in early trade on Wednesday as strong data on private payrolls, and better-than-expected manufacturing reports from China and Europe buoyed sentiment.
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Traders work on the floor of the New York Stock Exchange

US futures rise on strong European, Chinese data

Futures on major U.S. stock indices point to higher opening on Wednesday as better-than-expected manufacturing reports from China and Europe buoyed sentiment.
International Business Times Logo

UK, eurozone see rebound in manufacturing activity

Manufacturing in the eurozone expanded in November at its fastest pace in four months, boosted by strong activity in France and Germany, while manufacturing production in the U.K. touched a 16-year high, according to a survey.
Shahla Jahed

Iran hangs woman for the murder of lover's wife

Iran on Wednesday, executed a woman convicted of murdering the wife of a former football star. Shahla Jahed who was believed to be the mistress of Naser Mohammadkhani, a football legend, was hanged to death at the Evin prison in North Western Tehran.
Museum of Fine Arts, Houston explores German Impressionism.

Houston Fine Arts Museum to explore German Impressionism

The German Impressionist Landscape Painting: Liebermann -Corinth-Slevogt exhibition which is on display at the Museum of Fine Arts, Houston, (MFAH) has been the focus of attention of art-lovers and curators across the globe.
EU Commissioner for Economic and Monetary Affairs Rehn addresses a news conference on the EC latest economic forecasts for the euro zone and EU in Brussels

Eurozone economic sentiment touches 3-yr high

The eurozone’s economic sentiment rose to three-year high in November, despite concerns over the sovereign debt crisis in some countries in the region.
World leader's reaction to Wikileaks

Wikileaks: China to Germany, US diplomacy smacks of quid-pro-quo dealings

The year 2010 was not good for Google in China and the hacking was, indeed, part of a sabotage attempt carried out with help from the government quarters, reveal the classified U.S. documents released by Wikileaks on Sunday. China to Germany, US diplomacy generally smacks of quid-pro-quo dealings, as ever.
3. The value of the euro is being talked down by officials from core Europe.

Germany finds ally in France for 2013 bailout rule

Germany's argument for a policy to make private investors pick up part of the bill for any future bailouts won support from France as more European countries seem to require financial aid.
Audi to launch plug-in hybrid cars in 2014

Audi to launch plug-in hybrid cars in 2014

German luxury carmaker Audi AG has set plans to venture into electric car business. The company plans to become the leading premium seller of electric vehicles by 2020.
Sandia researcher Joshua Stein

Supply-demand picture darkens outlook for solar energy

Solar energy stocks received a load of bad news last week when an analyst at Credit Suisse downgraded the entire sector and lowered price targets, raising concerns about the industry's near-term prospects
Court room 600 of historical Nuremberg trials is pictured in Nuremberg

Nuremberg Trials museum opens

The history beckons for a re-visit as Nuremberg Trials museum opens in the Germany’s Bavarian city to mark the 65th anniversary of the trials that witnessed prosecution of many Nazi leaders during the World War II between November 20, 1945 and October 1, 1946.
A man walks past newspaper headlines posted on a news stand on O'Connell street, Dublin, November 19, 2010. A financial aid plan to help Ireland cope with its battered banks will be unveiled next week, EU sources said on Friday, but experts warned a rescu

EU/IMF bailout for Ireland doesn't seem to be working

The massive EU and IMF bailout for Ireland doesn't seem to be working as the euro currency, European stocks, and Irish stocks gave back early gains and closed with losses. Irish bonds are still up for the day, but not by much.
Ford

Despite the hype surrounding GM, Ford is the better buy: Analyst

Despite the hugely successful initial public offering General Motors (NYSE: GM) underwent last week, the company still has numerous questions surrounding it, particularly its huge pension liabilities. As such, David Silver, an equity research analyst at Wall Street Strategies in New York, believes that Ford Motor Co. (NYSE: F) is the better auto company and more attractive stock right now.
Daily wage workers wait for employment on a street side at an industrial area in Mumbai

Unemployment the greatest economic challenge: WTO chief

The most serious [economic] challenge today is that of unemployment, said Pascal Lamy, the director-general of the WTO. Lamy urges countries to expand global trade, instead of clamping down on it, to create more jobs for everyone.
Traders work on the floor of the New York Stock Exchange

Stocks finish wild week with a modest gain

U.S. stocks finish a volatile week with modest gains on Friday, finishing flat for the week as a whole. In the absence of major economic data in the U.S., investors focused on moves by China to rein in their inflation, while Ireland continues to negotiate a bailout arrangement from the European Union and International Monetary Fund (IMF).
IMF Managing Director Dominique Strauss-Kahn

IMF chief lists Europe's economic problems

As early as the 1980s, fault lines began to appear in Europe's economy and the global financial crisis tore them wide open. Now, Europe perhaps faces its greatest economic challenges since WWII.

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