The U.S. economy is set to contract sharply in the first quarter, with the current cyclical downturn on track to rival the 1973-75 slump as soaring unemployment depresses demand, a survey showed. However, a survey of 47 professional forecasters released by the National Association of Business Economists on Monday predicted the recession-hit economy would begin
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Yahoo Inc Chief Executive Carol Bartz could announce a major management reorganization as early as next week, according to the blog AllThingsD. The Wall Street Journal-affiliated blog, citing several sources inside and outside the Internet company, said the revamp would likely come on Wednesday, although it could be pushed out a week or two or
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By Simon Rabinovitch The parched farmlands of central China hold no future for Li Honglin, but she is trapped there until word comes from a clothing factory far away on the coast where she used to work. Li's boss promised to call her back to her job as a sewing machinist when the factory resumes
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Gold eased on Monday after topping $1,000 last week, but eyes remain on the possibility of a record high as investors flock to the metal amid tumbling share prices. As financial markets melt down — the Dow Jones industrials and European shares slid to six-year lows last week — the appetite for gold has helped
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Asian stocks rebounded and gold fell on Monday after a report said the U.S. government could end up owning as much as 40 percent of Citigroup as its seeks to stabilise ailing banks, prompting some investors to dip back into riskier assets. U.S. equity futures rose 1.2 percent and financial bookmakers said major European stocks
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Citigroup Inc is in talks that could result in the U.S. government increasing its stake in what was the country's most valuable bank, a source said, and the Wall Street Journal said taxpayers could own as much as 40 percent of the ailing lender's common stock. But the Journal, citing sources familiar with the talks,
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By Lefteris Papadimas and Daniel Flynn A corroded mechanism recovered by sponge divers from a sunken wreck near the Greek island of Antikythera in 1902 changed the study of the ancient world forever. The Antikythera Mechanism, a system of bronze gears from the 2nd century BC, was used to calculate the date of the Olympic
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Cyprus President Demetris Christofias begins contacts in Belgrade where he is paying a two-day official visit. The programme of his meetings begins with the official welcoming ceremony, at ''Srbija'' Palace. President Christofias will have a half-hour tete a tete meeting with his Serbian counterpart Boris Tadic, followed by official talks. The talks will focus on
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Cypriot industrial enterprises’ expenditure for environmental protection activities recorded a significant increase in 2007 compared to 2006, according to the latest data published here Saturday by Cyprus Statistical Service (CyStat). The results of a survey carried out by the Statistical Service show that the total expenditure for environmental protection activities in industry in 2007 is
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Polling stations for conducting the European Elections 2009 are expected to be set up in Greece, Britain, Belgium, France, Germany, Italy, the Czech Republic, Hungary, Bulgaria, Russia, Australia, the USA, Arab countries and in other countries around the world where there are at least 50 voters, Chief of Elections at the Ministry of Interior, Demetris
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