WORLD

Protests as Tunisia readies cabinet reshuffle

Protesters stormed police barricades in the Tunisian capital on Thursday and the government prepared to dismiss key loyalists of ousted leader Zine al-Abidine Ben Ali in the face of widespread public anger.

Egyptians torch police post in Suez

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Egyptians torched a police post in the eastern city of Suez early on Thursday morning over the killing of protesters in anti-government demonstrations earlier in the week, a Reuters witness said.

Egypt unrest enters third day, ElBaradei to return

Egyptian police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei headed back to the country to join demonstrators trying to oust President Hosni Mubarak.

U.S. budget to show higher, $1.5 trillion deficit in 2011:CBO

The U.S. federal government's budget in fiscal 2011 is expected to show a higher deficit than last year - nearly $1.5 trillion compared with nearly $1.3 trillion, according to a 10-year outlook report unveiled by Congressional Budget Office on Wednesday.
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French President Nicolas Sarkozy

Vive l’euro!: Sarkozy at Davos

Nicolas Sarkozy, the president of France, defended the integrity of the euro currency at the World Economic Forum in Davos, by asserting that neither his country nor Germany will permit it to fail.
Australian Prime Minister Julia Gillard waves to supporters at the Labor Party election headquarters in Melbourne

Australian PM Gillard proposes new “flood tax”

In response to the reconstruction costs associated with the floods that have devastated Queensland and Victoria provinces, the prime minister of Australia, Julia Gillard, has unveiled a new “flood tax” to help pay for the rebuilding.

S&P downgrades Japan debt rating

Ratings agency Standard & Poor’s has downgraded the sovereign credit rating of Japan, the third-biggest economy in the world, to AA- from AA.

Obama promises to have 1 mln electric vehicles by 2015

In his State of the Union address, President Barack Obama reiterated his commitment to green technologies by vowing to flood America's highways with plug-in cars and will ask Congress for new programs to support sales and development of electric vehicles.

Lawmakers plan to reintroduce China currency bill

U.S. lawmakers plan to reintroduce China currency legislation that was overwhelmingly approved last year by the House of Representative but failed to become law, congressional aides said on Wednesday.
Raj Rajaratnam, the principal in the $21 million Galleon Group hedge-fund insider trading case, leaves at Manhattan Federal Court for a bail hearing on conspiracy and securities fraud charges in New York

Two ex-Galleon men plead guilty; Rajaratnam named

Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial

Risk Response Network launched at Davos

The World Economic Forum (WEF) on Wednesday launched a Risk Response Network (RRN) in Davos to facilitate collective response to complex and interconnected global risks.

Internet A Battlefield In Egypt

The internet has become a venue for battles between the Egyptian government and protesters, through social networking sites such as Facebook and the home pages of groups such as Anonymous.

Budget battle in opening stages

President Barack Obama and members of Congress agree that cutting the federal deficit is important but what should be cut and by how much is the debate ahead as the next budget battle takes shape.

South Korea names date for powwow with North

South Korea today proposed a time and place to meet with North Korea, following an agreement the nations reached last week to resume talks. The meeting is projected to take place on Feb. 11 in the Demilitarized Zone that separates the two nations.

Dennis Kucinich sues over olive in sandwich

Representative Dennis Kucinich sued the House of Representative's cafeteria for selling him a defective sandwich wrap that caused him years of dental damage. The culprit was a defective olive.
Chairman of the Federal Reserve Ben Bernanke delivers opening remarks at a Federal Reserve System symposium in Arlington, Virginia

FOMC stays the course

The Federal Open Market Committee (FOMC) kept its key interest rate unchanged at the record low range of 0 percent to 0.25 percent, as widely expected. The FOMC also remained committed to its $600-billion Treasury purchase program.

U.S. students lag in science, tests say

In his State of the Union address last night, President Obama devoted several lines to the slumping stature of U.S. education, by our own standards and globally.

Medvedev defends Russia in Davos keynote speech

In his opening speech at the Davos world economic forum in Switzerland, Russia’s President Dmitry Medvedev touched on a number of subjects, including why he was late to the confab – the suicide bombing in a Moscow airport that killed 35 people.

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