The US Airways merger with American Airlines will create the biggest airline in the world. It appears that the two airline companies are at the brink of coming to an agreement. In the last few months, American Airlines and US Airways have been discussing the deal. However, no statement was released on when the deal […]
A tsunami was triggered by the 8.0 magnitude earthquake the shook the Solomon Islands recently. Augustine Blive, the director of a local hospital, revealed that five persons died after waves hit the eastern part of the islands, particularly the Santa Cruz Islands. Reports have indicated that a local airport and villages nearby suffered some damage […]
The Gulf of Mexico disaster might end up costing more than BP expected with new claims more than doubling the $42.2 billion set aside to deal with the matter. While British Petroleum is already taking a hit with profits having been reduced to nearly half in 2012 as it paid penalties for the disaster by […]
The Pemex explosion that resulted to the death of 37 people may have been caused by a gas leak, the Mexican government indicated. The explosion site did not show any signs of explosives, according to Attorney General Jesus Murillo. President Enrique Pena Nieto is looking to overhaul the state oil monopoly to increase growth and […]
Standard & Poor’s Ratings Services or the S&P was sued by US authorities recently in connection to the ratings assigned to mortgage-backed bonds. The US Justice Department filed the civil charges in an LA federal court on Monday, which is the first time the credit ratings agency is being pursued by US authorities in connection […]
This Friday Egypt has seen a new series of violent clashes between protesters that are unhappy with the post Hosni Mubarak leadership of their country and government forces. The clashes took place outside the presidential palace in Cairo, and are nothing new in Egypt’s capital city as growing unrest turns to violence. Egypt’s Prime Minister […]
Following the rocket launch of South Korea, North Korea has issued a threat of retaliating for the supposed double standards that the US has over the rocket launches of the two Koreas. The spokesman for the North Korean Foreign Ministry did not give any indications on what his statements meant although Pyongyang had indicated that […]
The suicide bombing that took place outside the U.S. embassy in Turkey’s capital city Ankara was named an act of terror by the Obama administration. The explosion took place this Friday, and took the life of the attacker and a local security guard while seriously harming a Turkish journalist and two other security guards working […]
Stanley Fischer, the head of the Bank of Israel who steered the country during the international financial crisis four years ago, revealed that he will step down from his current position by June. Although he did not give any indications why he will resign, he had indicated earlier that he is not expecting to finish […]
Several African countries have promised to support the war effort in Mali and have pledged to send troops to help the Malian Government recapture towns in northern Mali currently held by al-Qaeda affiliated terrorist groups. As the cost of the military operation into the desert will be quite high, the funding is still a […]
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