Unemployment claims for first time filers rose 25,000 for the week ended February 12 to 410,000 reversing the trend that they were already decreasing amid a recovering job market. The Labor Department reported that continuing claims increased 1,000 in the week ended February 5. That brought the total for those seeking a second week of […]
Food prices worldwide have surged to alarming levels and have brought an additional 44 million people to abject poverty according to the World Bank. The rise of food costs have played a substantial role in sparking unrest in Tunisia and Egypt in recent weeks, and a surge in prices in the global food market may […]
A stimulus package for Egypt is being contemplated by the country’s finance officials who have been allowed by the military junta to take care of economic functions for now. The lack of jobs is one of the reasons why long-time President Hosni Mubarak was forced out of office last week and Egyptians have been calling […]
Interest on loans for unemployment benefits owed by states and businesses to the federal government might be waived under a plan by the Obama administration. Some $42.3 billion have been lent to states to cover jobless benefits. Under the plan, states and companies will no longer have to pay interest amounting to $1.3 billion for […]
The United States is ready to recognize the sovereignty of Southern Sudan after its split with Sudan through a recent referendum. The southern part will have its independence in July, taking with it about 75 percent of Sudan’s oil production at 490,000 barrels a day. “After decades of conflict, the images of million of southern Sudanese […]
About 500,000 jobs were created and the unemployment rate fell to 9 percent in January, the lowest since April 2009, the latest labor report revealed. In a span of just two months, joblessness fell from 9.8 to 9.0 percent in what is a promising sign for the recovering U.S. economy. But most hiring were not […]
Jobs hiring must increase over a relatively longer period of time to ensure a stable recovery of the U.S. economy according to Ben Bernanke, the chairman of the U.S. Federal Reserve in a speech made before the National Press Club. Bernanke confirmed that the economy is showing signs of improving and will grow at a […]
The rebound of the world economy may not be sustainable if large economic and income imbalances are not corrected soon, a senior official of the International Monetary Fund said in a speech on Tuesday in Singapore. The warning comes in the wake of chaotic conditions in Tunisia and Egypt which have been partly spurred by […]
Internet use in Egypt has been reduced to slow dial-up connections amid the shutdown of major Internet service providers by the government. Egyptians are using whatever means they can including word-of-mouth to organize themselves for a march in the capital Cairo tomorrow. About 30 dial-up services are currently being used by Internet users to get […]
After blocking personal payments, PayPal is now restricting the amount of online payments made to merchants in India to comply with new rules to be imposed by the Reserve Bank of India beginning March 1. PayPal spokesman Dickson Seow announced the move in a blog post on Friday. In January, PayPal blocked incoming and outgoing […]
PayPal Withdrawing Support For Kindle Fire, BlackBerry And Windows Phone
Revival Of Nashville Discussed
Brawl Erupts After Jose Bautista Downed By Rougned Odor Punch
VR Tour Offered Three Decades After Chernobyl Disaster
Kyle Busch Sweeps NASCAR Events At Martinsville
Halle Berry Enters The Social Media World
