India and the European Union announced a breakthrough in their free trade talks on Friday. European Commission President Jose Manuel Barroso said the free trade agreement (FTA) could be signed in 2011, after a meeting with Indian Prime Minister Manmohan Singh at the 11th EU-India summit in Brussels.
South Korean President, Lee Myung-bak, stated that reunification with North Korea would 'definitely' take place. His statement also comes close to Wikileaks revelations that suggested that North's biggest ally China is reportedly backing a plan for reunification. A leaked diplomatic cable sent out to Washington by US diplomats maintained that South Korean officials would press for reunification but precisely, under their control.
China's central bank raised its reserve ratio for the third time in five weeks as it attempts to 'normalize' its monetary policies.
U.K.'s producer prices index fell to 0.3 percent in November from 0.6 percent, mainly due to a rise in fuel and food prices, a report by the Office for National Statistics said.
Britain's parliament on December 9 approved plans to triple tuition fees paid by university students.
The assault of Wikileaks forced US military to ban the usage of CDs, DVDs and USB flash drives on its internal network, SIPRNET, reports suggest. The latest move is likely to force Pentagon to revert to using a rather conventional data-transfer medium. Memos sent out earlier this week by the defense department also warn of court martial to military personnel found in violation of the order.
Why did China avoid a steep recession and bounced back relatively quickly? The answer is its massive fiscal stimulus, according to Richard Koo.
House Democrats are rebelling against Obama's tax cut compromise with the Republicans. On Wednesday, they essentially rejected it in its current form by passing a non-binding resolution to block it from coming to the House floor.
Americans are not, in general, proficient in foreign languages. That situation, according to experts, is not good for the nation, not good for humanity, and not good for the individual monolinguist.
Senate Republicans delivered a serious setback to the community of Ground Zero responders and their families today by blocking the Zadroga bill from coming to a vote.
Iceland has entered into an agreement to repay losses incurred by the U.K. and Netherlands governments in connection with the collapse of the Icesave bank in 2008, according to the Dutch government.
An Alaska Superior Court Judge has said he will rule by Friday on Senate candidate Joe Miller’s challenge to the apparently victorious write-in campaign of incumbent Sen. Lisa Murkowski.
Russia is seeking an explanation from NATO after documents published by Wikileaks revealed that the military alliance planned to protect Baltic States against Moscow. Russian officials stated that the Kremlin was awaiting clarification from NATO the proposed Eagle Guardian plan.
U.S. jobless claims fell more than expected during the week ended Dec. 4, providing some relief to the labor market that saw a rise in jobless rate in the week before, the Labor Department said.
China attacked the U.S. congressional resolution on convicted Chinese dissident Liu Xiaobo, and urged U.S. policymakers to change arrogant and rude attitude. The country's foreign ministry maintained that Liu, who won this year's Nobel Peace Prize, was not arrested over his calls for democracy, but for the reason that he tried to destabilize the state. Meanwhile, the Nobel committee announced that as many as 18 countries have joined China in the boycott of the Oslo event.
Fifty percent of cash register receipts and most dollar bills tested in a new study are coated with large quantities of toxic chemical Bisphenol A, or BPA, says a study.
The U.S. economy will begin to show signs of improvement in 2011 as major indicators such as housing and consumer spending begin to improve by mid-2011, according to an annual outlook report from Wells Fargo.
Facebook founder and chief executive Mark Zuckerberg and 16 other wealthy American families agreed to donate most of their fortunes to charity by joining a pledge started by billionaires Warren Buffett and Bill Gates.
The anonymous hacker group that brought down the websites of Visa and MasterCard Wednesday also attacked Republican Sarah Palin's website SarahPAC.com early on Thursday. The website remained inaccessible for hours following the attack, whcih was part of the group's Operation Payback.
The Telecom Regulatory Authority of India (TRAI) has recommended an investment of $6 billion to set up a national broadband network for faster Internet connectivity after it missed its target of 20 million broadband connections within 2010 as it has managed only 10.3 million.
The Department of Homeland Security (DHS) has enlisted retailing giant Wal-Mart to join the forces for the safety and security of the nation.
South Korea chose to freeze its key interest rates on Thursday, after hiking rates twice this year, as the global economic recovery slows down and tensions rise on the border.
James Tyree, CEO of Mesirow Financial, speaks to IBTimes about how his firm is navigating the challenges of the post-crisis financial world.
The government of South Korea is trying to drum up foreign direct investments through free economic zones (FEZ), or areas that offer financial incentives for foreign investments.
With the end of the 111th Congress fast approaching and both the Senate and the House of Representatives scrambling to get major legislation passed before Dec. 31, many industries and organizations are pressuring lawmakers not to forget their needs.
In a conference on Wednesday in mid-town Manhattan, The Korea Trade-Investment Promotion Agency (KOTRA) presented reasons why South Korea makes for an attractive investment candidate for foreigners.
U.K. Chancellor of the Exchequer George Osborne is defending the beleaguered Bank of England (BoE) governor Mervyn King, who has come under fire in recent weeks for allegedly having a lack of political neutrality.
The House of Representatives, early this morning, introduced a continuing resolution budget proposal that wraps all the major spending bills Congress has yet to pass into one, while freezing Fiscal Year 2011 discretionary spending at Fiscal Year 2010 levels.
A war is now raging in Europe. On one side are the forces of the corporate state led by Germany and France; on the other are the forces of free-market capitalism led by Britain.
French president Nicolas Sarkozy, who was on a four-day official visit to India along with his wife Carla Bruni left for Paris on Tuesday after signing a few deals worth more than $10 billion, which is almost the same as what US President Obama managed during his visit last month.
