The IMF published a study asserting that growing income inequality in the U.S. triggered the two most severe financial crises and economic downturns of the last 100 years by creating unsustainable imbalances.
Two days after the North Korean artillery attack, heads began rolling down in the government of South Korea and the first one was Defense Minister Kim Tae-young, who resigned on Thursday taking responsibility for the country's timid response.
Infosys is all set to enter West Bengal. The company said it has been allotted 50 acres of land by the government to set up an IT campus at Rajarhat.
That homegrown American genius and Founding Father Benjamin Franklin was of the opinion that the national bird should be the turkey. The other Founding Fathers overruled him, obviously. Nonetheless, the turkey has in a way become the nation’s bird – the one most Americans want perfectly cooked and centerpiecing their tables for the two biggest feasts of the year.
The United States is considering abandoning the 8-year-old color coded terror alert system amid criticism from U.S. lawmakers and public protests, according to media reports.
South Korea's defense minister Kim Tae-young resigned late on Thursday as criticism mounted over the government's response to the North Korean shelling on a dispute island which killed four people.
People collecting benefits from the Supplemental Nutrition Assistance (SNAP) program in the US rose by 15 million since the start of the recession in December 2007.
United States President Barack Obama has announced intent to take on the Uganda's most feared Lord's Resistance Army (LRA). Responding to US legislation passed in May this year, Obama declared his four-point strategy which called for disarmament of Joseph Kony-led LRA fighters.
More than 187,000 square miles of on-shore barrier islands in Alaska have been designated a 'critical habitat' for polar bears. The move welcomed by environmentalists is aimed at tackling the threat of extinction of the species.
The raging row over pat-downs and new body scanning rules at airports in the U.S. continued unabated on the Thanksgiving eve with holiday travelers threatening a pre-Thanksgiving no-fly-day boycott even as President Obama instructed the Transportation Safety Administration (TSA) to make airport security measures less intrusive.
After nearly a 17-year long wait, Russia could finally be a member of the World Trade Organization by 2011, as it finally reached a deal with European Union, the last opposing member, on Wednesday.
A reignited civil war after the Southern Sudan referendum on independence could cost the International community and the country at least $100 billion, a think-thank report said. The January 9 vote is likely to go in the favor of the oil-rich South Sudan's demand of secession from the North. Tensions have been escalating in the region with reports of a fresh wave of attacks led by the government troops on South Sudan regions.
Social networking site Facebook is planning to trademark the word 'face' as it wants to stop other companies from using the term in a way which damages its own brand.
Wikileaks plans to release classified U.S. diplomatic cables revealing corruption allegations against foreign governments and leaders, says a Reuters report quoting sources.
Dollar, Korea, Ireland, Asian demand, inventories and technicals - a lot of things are weighing on oil now. But market participants find the question if the commodity has reached its bottom technically and on robust demand in some regions, or will a dollar rally or geopolitical developments force it break below the current range, tough to answer.
Within days after she announced her intention to run for the President, Sarah Palin, the former governor of Alaska, is caught up with yet another gaffe. This time, referring to North Korea as an ally of the United States.
Within days after she announced her intention to run for the President, Sarah Palin, the former governor of Alaska is caught up with yet another gaffe. This time, referring to North Korea as an ally of the United States.
Authorities in Seoul inspecting the debris on Yeonpyaong Island after the North Korea attack suspect that thermobaric weapons were used. The bombs are aimed at increasing the number of casualties and causing severe structural damage at the same time.
The Nitish Kumar government set the state police free in arresting criminals, unlike before when the criminals enjoyed the support of politicians.
Iceland’s decision to resume international trade in whale meat with Japan brought a sternly worded response from U.S. Commerce Secretary Gary Locke.
The Transportation Security Administration is referencing a Johns Hopkins study on its web site, saying that the full-body x-ray scanners are safe to use. But the university's scientists are unhappy with the way that study is being used.
As countries like China and Russia phase out the usage of U.S. dollars for international trade -- including but not limited to oil trade -- its status as the world's reserve currency will continue to slide.
Government officials are mounting a campaign ahead of the busy holidays to explain why some holiday travelers may be subjected to airport security pat-downs requiring officers to touch their breasts and genitals.
The government of Ireland has released a grim four-year austerity budget that seeks to alleviate the country's debt crisis.
A day after North Korea's artillery attack on the South Korean island, the U.S. decided to send the aircraft carrier George Washington and a number of accompanying ships into the region for joint exercises besides sounding China, the sole ally of Pyongyang, to restrain Pyongyang from further attacks.
Nira Radia, a corporate lobbyist whose name figures in the 2G spectrum scam, was questioned by Enforcement Directorate (ED) officials in New Delhi on Wednesday.
Brazil's central bank governor, Henrique Meirelles, will step down from his position, according to a report in the Folha de Sao Paulo newspaper.
India's Central Bureau of Investigation (CBI) said on Wednesday it has arrested India's state-run LIC Housing Finance CEO, general manager of state-run Central Bank of India and a deputy manager of Punjab National Bank in connection with an alleged fake home loans scandal.
Bihar, India’s third most populous state voted Janata Dal (United)’s-Bharatiya Janata Party combine to power with a thumping majority to give Nitish Kumar a second term as chief minister of the state, giving a drubbing to the rival combine of Lalu Prasad and Ram Vilas Paswan, decimating the Congress.
Pessimistic outlook about unemployment from the U.S. Federal Reserve overshadowed reports stating the economy grew faster in the third quarter. The Fed expects unemployment to remain high over the next couple of years, hovering around 8.9 percent to 9.1 percent next year. It had previously forecast unemployment rate between 8.3 percent and 8.7 percent.