President Barack Obama heads to Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his
The U.S. recession may be easing, but the economy has not hit bottom yet and mounting unemployment looks likely to keep demand sluggish for a while. A slew of recent data —
The monthly Eurostat index on the economy reflects the pessimism, which prevails among businesspeople and consumers in the European Union member states. According to Eurostat data, the basic index reflecting the confidence
The European Commission adopted Monday a package of projects to support agriculture and food security situation in developing countries. According to a press release issued by the European Commission, the 314 million
Sales of vacation and investment homes in the United States slipped to 30 percent of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday.
Home Depot Inc's Chief Executive Frank Blake took home slightly higher pay in 2008, despite his decision to decline the bonus offered as part of his compensation. Blake's total 2008 compensation was
President Barack Obama seized the wheel of the failing U.S. auto industry on Monday, forcing out General Motors Corp's chief executive, pushing Chrysler LLC toward a merger and threatening bankruptcy for both.
Stocks fell sharply on Monday as the Obama administration raised the specter of bankruptcy for U.S. automakers General Motors and Chrysler and Spain had to rescue regional savings bank CCM. The administration
Russia secured the first position at the Cyprus Grand Prix 2009 in trap, skeet and double trap, which took place at the Limassol International Shooting Range. According to a press release by
Moody's Investors Service expects that the global financial crisis will exert pressure on the profitability of most major equities and derivatives exchanges in 2009, according to a new report on the sector.
