The number of Britons claiming jobless benefit rose by 24,400 in August, broadly as expected, and the rate of unemployment on the wider ILO measure rose to its highest since 1996, official data showed on Wednesday. The Office for National Statistics said the number of people claiming jobseekers allowance rose to 1.607 million in August,
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World equities rose on Wednesday to new 11-month highs, after upbeat U.S. data boosted faith in an economic recovery, persuading more investors to sell their low-yield dollars to buy growth-oriented stocks and commodities. This week's data showing a jump in U.S. retail sales has been interpreted as another sign the world's biggest economy is indeed
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The U.S. economy will emerge from recession by growing more than 2 percent in the current and fourth quarters on a dramatic reversal in inventories, but growth next year will be tepid, a UCLA Anderson Forecast said on Wednesday. After the swing in inventories, growth will remain modest in 2010, with the national unemployment rate
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U.S. retail sales rose in August at the fastest pace in 3-1/2 years and a gauge of New York State manufacturing hit a near two-year high, offering hope for a solid recovery from a severe recession. A separate report on Tuesday showed prices received by U.S. producers rose more than expected last month, suggesting business
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Google Inc has rolled out a new version of its Chrome Web browser and a version of the Mac browser for mainstream users will be available within months, as the company moves to double Chrome's market share. Almost exactly one year into Google's high-profile entry into the browser market dominated by Microsoft Corp, the Internet
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Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low. Commodities also benefited from the wave of optimism, with gold spiking to an 18-month high above $1,016 an ounce and crude oil briefly
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By Steve Eder A majority of Americans believe Wall Street executive compensation is "unreasonable," and that bankers fared better than others during the financial crisis, a poll conducted for Reuters shows. But while Americans may be stewing over outsized pay, they differ about what the Obama Administration should or can do about it, according to
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Over 100 Turkish Cypriots visited Hala Sultan Tekke in Larnaca on Tuesday evening for prayers on the occasion of the feast of Kadir Gecesi, a Moslem feast on the 26th day of Ramadan. The pilgrims traveled to the mosque on four buses, accompanied by Cyprus Police vehicles, and took with them food and water to
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The European Commission has approved the fifth annual report on the implementation of the EU regulation on the Green Line, between the Cypriot government controlled areas and the Turkish occupied areas of Cyprus. The report states that additional effort is needed as far as tackling illegal immigration is concerned. The report, covering the year to
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A majority of Americans believe Wall Street executive compensation is "unreasonable," and that bankers fared better than others during the financial crisis, a poll conducted for Reuters shows. But while Americans may be stewing over outsized pay, they differ about what the Obama Administration should or can do about it, according to the phone poll
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