Daily News Channel
The railroad station in the Angolan town of Dondo hasn’t seen a train in years. Its windows are boarded up, its pale pink faade crumbling away; the local coffee trade that Portuguese colonialists founded long ago is a distant memory, victim of a civil war that lasted for 27 years
At the crossroads between east and west in the desert nation of Turkmenistan, a quiet battle is under way for natural gas, oil and influence, and the U.S. and Europe are losing out to China and the Muslim world
Authorities on Sunday released the name of a woman who turned up in New York this month saying she had no memory of her name or family.
King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash. The governor’s comments come as leading financial houses — including recipients of taxpayer-funded bailouts — prepare to pay out large bonuses, angering many who fear this signals a return to pre-economic crisis rewards for reckless profit-seeking
Ben Bernanke said on Monday that it was “extraordinarily urgent” that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs. The Federal Reserve chairman warned that global imbalances — the big gaps between national saving, consumption and investment rates reflected in large trade deficits and surpluses — had helped cause the crisis and needed to be corrected.
Goldman Sachs reported on Thursday that it had nearly quadrupled its profits in the third quarter compared with a year ago, driven by a jump in trading revenues and strong returns on its own corporate investments. Meanwhile, Citigroup defied expectations of a third-quarter loss, reporting profits of $101m on the strength of its customer deposits
Over the past 30 years, the way we save for retirement has come to be dominated by one plan: the 401. But the financial crisis and resulting market meltdown showed the 401 to be far from perfect.
In a passionate address to Northern Ireland’s legislature, U.S. Secretary of State Hillary Clinton on Monday pledged Washington’s commitment to the Northern Ireland peace process.
As Dr.
In what appeared to be the most visible demonstration yet of this week’s G-20 summit, four people attached to a massive banner dangled from a Pittsburgh bridge Wednesday to protest the global economic meeting.