WORLD

President Barack Obama on Saturday urged changes in the U.S. tax code that would allow the government to collect taxes on companies that create foreign jobs.

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)

The Finance Minister, Pranab Mukherjee has appreciated that the monetary policy tightening by Reserve Bank of India (RBI) in its mid quarterly policy review by increasing interest rates.

Analysts generally think BOJ's intervention was well executed and will perhaps work in the short-run. The long-term effectiveness, however, is uncertain.

To some degree, Japan allowed deflation, or at least they did not choose extremely aggressive policies to fight it. This is largely due to the influence of Japanese constituents who own fixed income, which would devalue in the face of inflation.

The lowest dissolved oxygen measured in the Gulf of Mexico areas was 3.5 parts per million, which is above hypoxic levels, the report said.

Infosys has voiced concern over Ohio's move to ban IT outsourcing to offshore locations such as India.

As a growing oil consumer and importer, China is taking strategic steps to secure its oil imports from the Middle East by strengthening its influence in the South Asia/Indian Ocean region.

An analysis of the relationship among U.S. personal income tax rate, tax receipts, and the GDP reveals a high correlation between GDP and tax receipts. However, others correlations are noticeably weaker.

Former President Jimmy Carter procured the release of 31-year-old American English teacher, Ajilon Gomes, from imprisonment in North Korea. Carter and Gomes left Pyongyang, North Korea, yesterday and Gomes is expected to be reunited with his mother and other family members in Boston today.

The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel.

Foreign Direct Investment (FDI) in China rose 29 percent year-on-year in July to hit $6.92 billion, data showed on Tuesday.

Maria Fiorini Ramirez speaks to IBTimes about inflation, unemployment, and credit conditions to small businesses.

Jim Rogers speaks to IBTimes about the Chinese economy, the yuan policy, and the demise of General Motors.

NERA Economic Consulting proposes using crowd-sourcing to help the resource-starved SEC catch fraud perpetrated by investment advisors.

Most of the people in Pakistan view the US as an enemy and see a significant threat from India though extremist groups are active in the country, said a poll from Pew Research Centre

IBTimes interviews Euh Yoon- Dae, the chairman of PCNB to learn more about the committee's main function and its purpose.

The use of social media applications is becoming a popular tool for both employers and job seekers, especially those fresh out of college, to gather critical information and accumulate valuable contacts.

World Bank studies the business environment for FDI in various nations

The U.S. Senate went on Fourth of July recess Friday without passing an extension to unemployment insurance. The 1.2 million people who saw their unemployment benefits end on July 1 will have to wait until at least July 12, when the Senators return to Washington.

Senate Republicans have again blocked movement on the bill to extend unemployment insurance.

Tens of thousands of opposition activists paraded through Thailand's sprawling capital on Saturday to try to win over Bangkok's middle classes to their anti-government campaign.

A Palestinian youth was killed by Israel troops and another was seriously wounded on Saturday during a clash in the occupied West Bank, Palestinian hospital officials said.

Pope Benedict apologized on Saturday to victims of child sex abuse by clergy in Ireland and ordered an official inquiry there to try to stem a scandal gripping the Catholic Church which has swept across Europe.

President Barack Obama canceled his trip to Asia and Australia to monitor a critical vote on the health care bill, White House's spokesman Robert Gibbs said during a press briefing Thursday.

A mass anti-government rally in Thailand appears to be fizzling. Tens of thousands have returned to their farms. They drew nowhere near the promised million protesters. The premier rebuffed their demands for elections.

Protesters emptied bottles of their blood outside the home of Thailand's prime minister on Wednesday after the government rejected calls for elections, but the opposition campaign was showing signs of flagging.

Former Prime Minister Iyad Allawi edged past Iraqi Prime Minister Nuri al-Maliki on Tuesday in results from Iraq's fragmented March 7 vote that may lead to months of political bargaining and create a risky power vacuum.

Under heavy Republican attack, Democrats in the House of Representatives on Tuesday defended plans to pass a healthcare overhaul without a direct vote as President Barack Obama's top domestic priority neared a make-or-break showdown.