UNEMPLOYMENT

People walk past a SEB bank branch in Riga

Watchdog says Swedish banks breaking bonus rules

A majority of Swedish banks and financial firms are in breach of rules on bonuses, the Nordic country's market watchdog said on Monday. A study by Sweden's Financial Supervisory Authority (FI) showed the bonus systems at more than half of the 41 financial institutions examined did not live up to rules

Interview: Spain aims to match immigration to job market

A worker pushes a trolley of boxes in central Madrid
Spain's new immigration bill will adjust the inflow of migrant workers to the demands of the job market in the new economic cycle, Secretary of State for Immigration Anna Terron said. The demise of an economic model based on a decade-long construction and property boom which attracted a wave of South American
Demonstrators shout slogans as they protest against the regime of Libya's leader Muammar Gaddafi outside the Libyan consulate in Istanbul

Chaos, killing and confusion reign supreme in Libya

As anti-government protests sweep across Libya, even entering the once-tranquil capitol of Tripoli, and major foreign oil companies suspend or withdraw operations in the wake of civil unrest, there are many unanswered questions.
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Bahrain

Bahrain protesters occupy square as Libyans bury dead

Protesters in Bahrain appeared to gain the initiative on Saturday and mourners buried their dead in western Libya as the wave of protest washing across the Arab world tested more of the region's longtime rulers.
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US stocks lack direction, G-20 meet in focus

US stocks were mixed on Friday, with S&P 500 Index edging down 0.27 points, or 0.02 percent, to trade at 1,340.21 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 14.04 points, or 0.11 percent, to trade at 12,332.18. The Nasdaq Composite Index rose 0.07 percent to trade at 2,833.52.
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North Carolina's Democrat governor wants job cuts

North Carolina's Democratic governor on Thursday proposed eliminating more than 10,000 government jobs and cutting corporate taxes as part of a $19.9 billion state budget. The spending plan Governor Beverly Perdue sent to the Republican-controlled General Assembly in Raleigh is nearly $1 billion higher than the current year's spending plan
Intel CEO Otellini talks during a news conference at the Consumer Electronics Show in Las Vegas

Obama to name Intel CEO to White House jobs panel

Intel Corp Chief Executive Paul Otellini will be named to a panel of experts advising President Barack Obama on jobs, the White House said on Friday. Otellini will join the President's Council on Jobs and Competitiveness, created in January to focus on lifting hiring and promoting growth.
Top Indian tech firms to hire local US talent

Top Indian tech firms to hire local US talent

Indian technology companies are now looking to hire fresh engineering graduates from American universities, as stringent immigration norms and high unemployment in the US make local hiring attractive, said a media report.
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World Market Overview 18/02/2011

U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.
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World Market update

U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.
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World Market Wrap 18/2/2011

U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.

The fog of currency war

Criticism of China's exchange-rate policy continues throughout the US. This column argues that the US is in fact the exchange rate manipulator, due to its ongoing quantitative easing. What the US needs to do for a sustainable turnaround is to learn from other successful economies like China and Germany - not de-rail them.
Anti-government protesters (back to the camera) and government backers face each other during clashes in Sanaa

Yemeni protesters battle govt loyalists: 40 hurt

Fierce clashes between protesters and government loyalists left at least 40 wounded in Yemen on Thursday, the seventh day of demonstrations demanding an end to President Ali Abdullah Saleh's 32-year rule.
Military tanks are seen on the road to the Pearl Roundabout in Manama

As Mideast seethes, 3 dead in Bahrain bloodshed

Unrest spread across the Middle East and North Africa on Thursday as Bahrain launched a swift military crackdown on anti-government protesters and clashes were reported in Libya and Yemen.
Britain's Prime Minister David Cameron

Cameron seeks to end sick-note culture

Britain is to examine why so many people end up on long-term sick leave, fuelling a 192 billion pound annual bill for welfare, Prime Minister David Cameron announced on Thursday. The government is already preparing to reassess the circumstances of 1.5 million people off work on long-term incapacity benefits to see if they are fit enough to return to employment.
Muammar Gaddafi

Gaddafi supporters rally amid reports of unrest

Hundreds of supporters of Libyan leader Muammar Gaddafi rallied on Thursday but there were reports of unrest in several locations as the opposition called for a day of anti-government protests.
A job seeker reads job postings at the Virginia Employment Commission office in Alexandria, Virginia

Jobless claims rise 25,000 last week

New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week's hefty decline.
US consumer prices rise as food, fuel costs increase

US consumer prices rise as food, fuel costs increase

The overall consumer price inflation in the U.S. rose 0.4 percent in January on a seasonally adjusted basis, the Bureau of Labor Statistics (BLS) said on Thursday. The rise in inflation was mainly driven by increases in energy, commodities and food prices, the report said.
U.S. President Barack Obama signs stimulus package bill at the Denver Museum of Nature and Science

US Recovery Act saved 4 million jobs in two years: EPI

The Recovery Act, which was introduced by the US government in response to the Great Recession of the last decade, created or saved 3-4 million jobs and up to 5 million full-time equivalent jobs by the end of 2010, according to report.

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