Construction of new homes in the U.S. fell during December but building permits rose surprisingly, indicating the continued weakness in the housing industry, the Commerce Department said on Wednesday.
Russia's gross domestic product (GDP) is projected to expand 5.4 percent in 2011 and 5.7 percent in the following year, Nordea Bank said on Wednesday.
Germany raised its official growth forecast for 2011 from 1.8 percent projected in October last year to 2.3 percent, signaling Europe's largest economy is poised to drive global recovery this year.
The number of unemployed people in the UK rose by 49,000 to 2.5 million during three months to November, the Office for National Statistics (ONS) said on Wednesday.
As another ongoing victim of the recession and financial imbalances, the struggling, crime-ridden city of Camden, New Jersey prepares to lay off about 25 percent of its work force, including 43 percent of police department and one-third of its firefighters, in order to fix a $26.5-million budget deficit.
Boredom and funny cat photos were catalysts for Ben Huh to create one of the Web's fastest-growing media companies.
Extensive reconstruction after Australia's floods risks fuelling a wages blow-out, as flooded states and the booming resource sector bid for scarce workers, which will in turn push up inflation and add pressure for a tightening of interest rates.
Even as the rest of Europe remains on an edge about its economic recovery, Germany continues to post strong growth, as shown by the German investor confidence indicator on Tuesday.
Chinese President Hu Jintao on Tuesday flew to the United States for a state visit buffeted before he even lands by senior U.S. senators demanding tough action against China for manipulating its currency.
Tunisia's prime minister appointed opposition figures to a new unity government on Monday, trying to establish political stability after violent street protests brought down the president last Friday.
Due to the new economy, businesses are closing in record numbers. When it comes to relatively small businesses, this means not only unemployment for the employees, but the owner as well.
As the United States observes the 25th Martin Luther King Jr. Day on Monday, world has immemorial incidences of non-violence movements to look back to, which curbed exploitation and discrimination on the basis of race, caste, color, creed and more, prevalent in the then civil societies.
The death of Mohamed Bouazizi sparked a wave of massive protests that culminated in the ousting of Tunisian President Zine al-Abedine Ben Ali.
Food price protests sweeping across North Africa and the Middle East reached Jordan on Friday, when hundreds of protesters chanted slogans against Prime Minister Samir al-Rifai in the southern city of Karak.
Police fired tear gas grenades on Friday outside the interior ministry building in the Tunisian capital and gunshots were heard from nearby, prompting hundreds of protesters to flee, a Reuters reporter at the scene said.
Holiday operator Thomas Cook is evacuating around 1,800 British and Irish tourists and 2,000 Germans from Tunisia in light of political unrest there, the company said.
Fitch Ratings on Friday put Tunisia's long-term foreign currency credit rating of BBB on watch for a potential downgrade, citing the upsurge in deadly violence in the north African nation in recent weeks.
The president of Tunisia has dismissed his government and called for early elections, according to a report from the country's state TV network.
Due to the dampening effects of the recession, migration within the U.S. crawled to its lowest rate in recorded history last year, potentially creating a ‘lost generation’ among Americans.
Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.
Ben Bernanke, the chairman of the Federal Reserve Bank, said the U.S. economy is likely to grow by 3 percent to 4 percent in 2011 (a faster expansion than in 2010), but that such growth will not be sufficient to reduce unemployment to acceptable levels.
U.S. jobless claims jumped unexpectedly last week to their highest level since October, suggesting the labor market is still in a rut despite signs of improvement in the economy.
