Nepal Bans Young Women From Seeking Work In Middle East Over Exploitation Fears
August 09 2012 12:34 PM EDT
In 2010, fifteen Nepali servants committed suicide in Lebanon due to gross abuses.
Pakistan: Half-Million Hard Core Heroin Addicts And Counting...
August 09 2012 11:23 AM EDT
Pakistanis consume heroin valued at $1.2 billion every year.
BREAKING: Italy, Spain Downgraded by DBRS
August 08 2012 12:33 PM EDT
Toronto-based credit rating agency DBRS, Inc. announced today it is downgrading the sovereign credit ratings of the Kingdom of Spain and the Republic of Italy from their current "A (high)" ratings. The rating agency gave Spain's long-term rating a two-notch downgrade to "A (low)." Italy was taken down one notch to "A."
Android, iOS Power 85% Of New Smartphones: IDC
August 08 2012 12:31 PM EDT
No surprise. Smartphones operating on the Android OS from Google (Nasdaq: GOOG), the No. 1 search engine and the iOS from Apple (Nasdaq: AAPL), the world's most valuable technology company, now power 85 percent of all new smartphones, IDC estimated.
HP Boosts Earnings Estimates After Firings Start
August 08 2012 10:51 AM EDT
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
The Dangerous Roads Of Morocco: Traffic Fatalities Very High In North African State
August 02 2012 10:40 AM EDT
About 4,200 people died in traffic accidents in Morocco in 2011, a 12 percent jump from the prior year, according the nation?s equipment and transportation ministry.
Global Manufacturing Slumps On Lingering Euro Zone Debt Crisis
August 01 2012 2:37 PM EDT
Euro zone Purchasing Managers Index (PMI) numbers continued their 11-month straight contraction, with manufacturing in Italy, Spain and Greece continuing their alarming downward trends.
Despite Oil Reserves And Billions In International Aid, Iraq's Economy Falters
August 01 2012 11:36 AM EDT
The financial situation in Iraq, one of the world's largest reservoirs of crude oil, has become grave.
Iran Sentences Four To Death For Bank Fraud
July 30 2012 12:03 PM EDT
A total of 39 suspects underwent a trial that lasted nearly six months before the verdict was announced.
Syria Boosts Trade With Iran As Sanctions Bite
July 27 2012 8:15 AM EDT
A group of Syrian government officials visited Tehran, one of Damascus’ few remaining allies, to approve the deals.
Iran Launches Domestically-Built Tanker: State Media
July 24 2012 1:52 PM EDT
The tanker was apparently ordered by Iran’s ally, Venezuela.
Xerox Surprise: CEO Trims Earnings Forecast
July 20 2012 9:14 AM EDT
The global slowdown may trim net income for Xerox Corp. (NYSE: XRX), the No. 1 provider of business printers and services. CEO Ursula Burns shaved her full-year forecast to a range between $1.07 and $1.12 a share from the previous $1.18.
New Yahoo Boss Could End Up With $100M Pay Package
July 19 2012 10:40 PM EDT
New Yahoo (Nasdaq: YHOO) CEO Marissa Mayer could end up with compensation around $100 million if she meets certain goals the company disclosed.
Indian Economy to Grow at Slowest Pace in 10 Years: Poll
July 19 2012 8:42 AM EDT
India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.
US Can Defeat Any Iranian Effort To Block Persian Gulf Oil: US DOD's Panetta
July 18 2012 1:32 PM EDT
The United States has the military capacity to defeat any Iranian attempt to shut down sea commerce in the oil-rich Gulf region and will hold Tehran directly responsible for shipping disruptions, Defense Secretary Leon Panetta said on Wednesday.
A Trillion Dollars And Counting: How Egypt's New President Will Boost Islamic Banking
July 18 2012 6:14 AM EDT
Banking in line with the Koran's prohibition on paying interest is an expanding sector, and the ascent of the Muslim Brotherhood to power in Egypt is going to help it grow faster.
All the 'Easy' Gold Has Been Found: Mining Analyst
July 17 2012 12:22 PM EDT
The world's major miners are not discovering enough new gold deposits to make up for all the extraction they have engaged in over the past decade and a half, a fact that suggests the scarcity of the precious yellow metal could grow in coming decades.
Fed Ready To Do More To Increase Job Growth: Bernanke
July 17 2012 10:52 AM EDT
The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
The Chicken And I: How The Humble Poultry Symbolizes Iran?s Economic Disaster
July 17 2012 9:53 AM EDT
Ordinary Iranians are facing long food queues, spiraling inflation and the debilitating effects of Western sanctions on the country?s key oil sector.
Pimco's Bill Gross Says US Is Nearing A Recession
July 17 2012 9:02 AM EDT
Bill Gross, who heads the world's largest bond fund, Pimco, said the United States is approaching a recession, according to a published report Tuesday.