Inflation did not immediately follow because of the severity of the economic recession. However, as some economists correctly predicted, it was only a matter of time. In Europe, it's starting to heat up.
Libya has handed out more than $2 billion in loans to dozens of governments across the globe, according to an internal document that shows the oil exporter's diplomatic ambitions and its struggles to recover its debts.
The Middle East is headed into the unknown, on that everyone agrees -- but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings.
In his State of the Union address last night, President Obama devoted several lines to the slumping stature of U.S. education, by our own standards and globally.
National Hug Day, or National Hugging Day, is an annual holidayoccurring on January 21. It is officially recognized by the United States Patent and Trademark Office. This day is also known asWeltknuddeltag 2011.
Facebook's global reach has been the envy of many companies, as about 70 percent of its 500 million users are from outside US and now Facebook has launched an app for feature phones to further bolster its march.
The late Pope John Paul II moved a big step closer to Roman Catholic sainthood on Friday when his successor approved a decree attributing a miracle to him and announced that he will be beatified on May 1.
The late Pope John Paul II moved a big step closer to Roman Catholic sainthood Friday when his successor approved a decree attributing a miracle to him and announced that he will be beatified on May 1.
The late Pope John Paul II will be beatified this May, a key step on the path to sainthood, the Vatican announced on Friday.
Internet search giant Google Inc. has joined India's celebration of Pongal or Makar Sankranti festival with new Doodle, which has painted kites and flying balloons on its homepage. Makar Sankranti is a major harvest festival celebrated in various parts of India.
A plane carrying Polish leader Lech Kaczynski crashed killing all on board because the crew feared that aborting the landing due to fog would anger the president, Russian aviation officials said on Wednesday.
Economy in both the euro area and the EU27 grew at a much slower pace in the second quarter, according to the second estimate by Eurostat, the official statistical office of the European Union
Vehicle production in European Union rose by 15% in the first nine months of 2010 compared to the same period in 2009, the European Automobile Manufacturers Association (ACEA) said Thursday.
Rabbit Hole, the latest film of Australian actress Nicole Kidman, will premiere next year on her home country Australia.
In January, London's Dulwich Picture Gallery is celebrating its 200th year with an exclusive international loan exhibition titled Masterpiece A Month: Presiding Genius.
Wipro Ltd said its global consulting, system integration and its outsourcing business unit Wipro Technologies has opened its new development center in Budapest, Hungary, to service Magyar Telekom, Hungary’s biggest telecom service provider.
Russia is seeking an explanation from NATO after documents published by Wikileaks revealed that the military alliance planned to protect Baltic States against Moscow. Russian officials stated that the Kremlin was awaiting clarification from NATO the proposed Eagle Guardian plan.
Wikileaks founder Julian Assange is behind bars in London, facing extradition to Sweden where he is charged with rape and sexual molestation in two separate cases.
The nations of the EU-10 – which comprise various countries in Eastern Europe -- have commenced a meaningful economic recovery and look to strengthen even further in 2011, according to a report from the World Bank.
Registration of European passenger cars slumped by 16.6 percent in October against the numbers recorded in the corresponding period a year ago
Wheat prices exploded by an unheard of 6.34 percent on Monday, continuing a record surge of 38 percent in July, with even more speculators drawn by gloomy news even though the fundamental situation remains stable.