Sudan: ?Lick The Elbow? Protests Erupt In Khartoum And On Twitter
In Sudan, the big protest is in progress. Media reports are still scant, but Twitter is chirping with updates.
Iran Keeps Biggest Oil Customer As China Gets U.S. Sanctions Waiver
The United States gave China and Singapore exemptions from new sanctions targeting Iran's central bank and oil industry, which took effect on Thursday.
Iran Oil Sanctions: China Gets Exemption From White House; U.S. Will Boost Monitoring Of Banks
Following an extended game of chicken, the Obama administration granted China and Singapore an exception to the Iranian oil sanctions, senior White House officials said Thursday.
Under Mohamed Morsi, Will Egypt?s Tourism Industry Conform To Islamic Law?
Under Islamic president-elect Mohamed Morsi's government, many in Egypt's beleaguered tourism industry are dreading bans on everything from alcohol to modern art to bikinis.
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Seeking Promised Land Of South Africa, Migrant Tragedies Mount As Smugglers Profit
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US Stock Futures Decline Ahead Of Crucial EU Summit
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South Africa: Zuma Blames 'White Control' For Economic Woes, While Bidding For Second Term
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After Boom Always Comes A Bust -- Norway?s Housing Market Mirrors The U.S. Bubble
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US Car Sales June 2012 Preview: Plateauing Sales A New Equilibrium
U.S. car sales are expected to have remained strong in June, maintaining a total seasonally adjusted annual rate (SAAR) of around 14 million vehicles, however sales are beginning to slow at the beginning of summer and a return to pre-recession sales levels is not foreseen anytime soon, according to early predictions by analysts at LMC Automotive and Kelley Blue Book.
Whites Still Control South Africa?s Economy: Jacob Zuma
Zuma?s ruling party has proposed that the nation?s key mining sector pay more in taxes to finance social spending and also wants to encourage state-owned enterprises to create more jobs.
US Home Prices Rise For 3rd Straight Month in April: Case-Shiller
Single-family home prices picked up for the third month consecutive month in April, showing signs that the housing market recovery is gaining traction.
Spanish Short-Term Borrowing Costs More Than Double - Increasing Pressure On Nation
Spain's short-term borrowing costs almost tripled during Tuesday's debt auction, a day after Moody's downgraded the country's banking system.
Job-Killing Austerity Is Making Contagion In Europe More Pronounced, Economists Find
Spikes in unemployment might be a necessary evil to austerity reform measures meant to control the European financial crisis. But, when push comes to shove, those high levels of joblessness are actually making contagion of the crisis amongst countries worse.
Horrific Unemployment, Stagnation, Inflation Seen In Euro Zone Collapse
A graphic published by Der Spiegel, Germany's top newsweekly, is making the rounds among global financial blogs and Facebook walls, succinctly putting into numbers the horrific economic carnage a collapse of the common currency union would entail.
Spain Officially Asks For Up To $125 Billion For Its Banks
As European leaders prepare for talks later this week regarding the euro zone's economic mess, Spain officially petitioned Monday for up to ?100 billion ($125 billion) in loans to rescue its banking sector.
All Eyes On EU Summit, Housing and Manufacturing Data: Economic Events For June 25-29
The European Council's June 28-29 meeting will no doubt be the main focus of this week as some hope that new steps can be taken to grapple with the region's debt crisis.
Week Ahead: Asian Markets Likely To Remain Subdued
The market sentiment is likely to remain subdued in the coming week as increasing expectations of a further global slowdown and economic headwinds from the euro zone will continue to weigh.
Oil, Corruption, And A 26-Year Regime: Uganda's Museveni Clings To Power After Wearing Out His Welcome
Hailed as an African reformer, Yoweri Museveni has now become an autocrat who bends the rules to stay in power and hands favors to his family. Nothing new for Africa, unfortunately -- but the exact opposite of what he himself once pledged.
Japan?s Economy Losing Momentum Amid Global, Domestic Pressures
Japan's economy appears to be weakening in the April-June quarter as business conditions deteriorate and exports flatten off, suggesting that the recovery may have lost momentum.
Soccer As War By Other Means? Germany And Greece Square Off At Euro 2012
Forget the currency crisis: On Thursday, the Euro that counts is the soccer championship, pitting Germany versus Greece in the quarterfinals. Rarely in history have sport, politics and economics mixed so deeply.
Uruguay Government May Become First In The World To Sell Marijuana
Uruguay's government may begin selling marijuana if a bill proposing the tactic as a means to fight crime passes the legislature
Mitt Romney Offers Few Immigration Details In Speech To Latino Leaders
Mitt Romney offered few details while articulating his immigration policy during a highly anticipated speech to Latino officials on Thursday.
Manufacturing Woes Spread From Euro Area To China, And Now They Have Reached The US
Manufacturing has been one of the few bright spots of the otherwise frail U.S. economic recovery, but Markit said weaker overseas demand could be starting to slow hiring in the sector. U.S. manufacturing grew in June at the slowest pace in almost a year and hiring in the sector also slowed.
Greece Seeks To Revise Bailout Terms As Samaras Prepares To Unveil New Cabinet
Greek officials will present the proposed revisions at a euro zone finance ministers' meeting in Luxembourg on Thursday.
US Jobless Claims Fall Slightly, Labor Market Still Weak
First-time claims for jobless benefits in the U.S. fell by 2,000 to a seasonally adjusted 387,000 in the week ended June 16, Labor Department said Thursday, but the overall level still shows a weak labor market.
US Stock Futures Point To Lower Open Ahead Of Reports On Initial Jobless Claims, Home Sales
U.S. stock index futures point to a lower opening Thursday after the Department of Labor's initial jobless claims report, which showed that more people than expected filed for unemployment benefits, and the National Association of Realtors' report on existing home sales.
Anthony Weiner And Wife Huma Abedin, One Year Later: Where (And How) Are They Now?
On May 27, 2010 New York congressman Anthony Weiner destroyed his career with a single tweet. Weiner, who married high-ranking political official Huma Abedin the year before, accidentally posted a lewd photo of himself - that was meant for a 21-year-old college student.
Pessimistic Fed Gives Markets 6 More Months Of Twist
The powerful rate-setting committee of the Federal Reserve decided to extend its current strategy of manipulating the credit markets to artificially depress the cost of long-term financing, a strategy colloquially known as Operation Twist, until the end of the year.
Fed Twists Again, Extending Stimulus To Aid Weak US Economy
The Federal Reserve on Wednesday extended its monetary stimulus to a U.S. economic recovery that looks at risk of stalling, renewing its effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones.
European Social Fund Brings New Chance to Life, Living Decently
During these difficult times, extreme measures are needed to keep afloat. Second chances are seems hard to come by especially in terms of employment.
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