Greece pledged to bring forward painful austerity measures on Tuesday, convincing international lenders to return to Athens early next week for talks that it hopes will secure the aid it needs to avert bankruptcy.
Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
Europe will come under heavy pressure this week to stem its deepening debt crisis but talks among the self-proclaimed guardians of global finance are unlikely to yield bold action.
Greece promised more cuts to its bloated public sector on Tuesday and held a second conference call in two days with its international lenders, whom it must convince to extend more loans to prevent its coffers running dry next month.
The global aviation industry faces growing uncertainty over financing due to Europe's debt crisis and worries surrounding French banks, lenders and airlines were warned on Tuesday.
Fraunhofer researchers have created a flexible assembly-line concept for aircraft that features robots working in the same way they do in automotive production.
The Basel Committee of international banking regulators is to launch a study into how banks measure assets for meeting capital safety rules.
Greece promised further cuts to its bloated public sector on Tuesday before a second conference call with its international lenders, whom Athens must convince to extend more loans to avoid bankruptcy next month.
Delegates from a political organization called The Pirate Party won 15 seats in Germany's state parliament after winning almost nine percent of a vote in Berlin on Sunday. So who exactly are these pirates?
Second-quarter U.S. installations of photovoltaic solar panels rose 17 percent from the previous quarter as increases in nonresidential and utility-scale projects offset a weakened residential solar market.
Sahin indicated that “it is highly likely the explosion was a terrorist attack.”
The United States military said it has completed a process to repeal the 1993 law that prohibits openly gay or bisexual people from serving in the military, and that the controversial Don't ask, don't tell policy will no longer be effective starting Tuesday.
Ever since Samsung introduced the Galaxy S line of smartphone in June 2010, it has entrenched its position as one of the best smartphone manufacturers in the market and put up a strident attack on Apple iPhone's dominance.
Joining a club of countries like Canada, Germany, Israel and the UK, the United States on Tuesday has become the 30th country to allow open military service. After a long period of 18 years, the controversial don't ask, don't tell policy banning homosexuals on serving in the U.S. military has been repealed.
The observations of the study states that surgery is a better option to treat severe varicose veins.
Samsung Electronics Co is considering legal action to ban sales of Apple's new iPhone, a source familiar with the matter said on Tuesday, in what could be its strongest step to defend against claims by the U.S. firm that the South Korean firm had copied its product designs.
Samsung Electronics Co is considering legal action to ban sales of Apple's new iPhone, a source familiar with the matter said on Tuesday, in what could be its strongest step to defend against claims by the U.S. firm that the South Korean firm had copied its product designs.
Recent research says laser therapy and standard surgery are equally effective in treating varicose veins, but how can you prevent them from forming in the first place? Here are 10 ways to prevent varicose veins from forming initially.
Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
The European Union will call on China this week to boost domestic demand and on the United States and Japan to tackle their public deficits as part of global efforts to rebalance growth, an EU document showed.
The world's largest beer festival, Oktoberfest, kicked off in Munich, Germany Saturday and will last until October 3.
Samsung, the South Korean electronics giant, is planning to take strong legal actions to ban iPhone 5, expected sometime in October, in Korean market, according to a new report.
