Daily News Channel
While President Obama has insisted that securing Afghanistan against a rise in terrorist groups is a top priority in the war on terrorism, Sen. John McCain said Tuesday that the problems in that country are not as thorny as those in Iraq
This week’s London Summit brings together the leaders of the world’s 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing. British Prime Minister Gordon Brown, who hosts Thursday’s talks, has set a bold agenda for this year’s summit, calling on governments to sign up to a “global deal” to haul the world out of the crisis triggered by the collapse of the banking system.
There’s something about being naked that makes a person forget a layoff, pay cut or a shrunken retirement account. At least that’s how the promoters of nude travel see it
A couple of month ago, India’s chief finance minister may have made calls to the heads of IBM and several other large U.S. tech companies to tell them that the huge developing nation was hemorrhaging high-end tech jobs
Could it be that things are beginning to get better for the U.S. economy? Nope, no real chance of that
Four Colombian soldiers are dead and six are missing after a firefight with Marxist guerrillas, Defense Minister Juan Manuel Santos said Tuesday. In his second prime time news conference, Obama called on Americans to look to the future with a “renewed confidence that a better day will come.” “We will recover from this recession,” the president said
President Obama said Tuesday "there are no quick fixes" to pull the economy out of recession, but he insisted the country will recover. In his second prime time news conference, Obama called on Americans to look to the future with a “renewed confidence that a better day will come.” “We will recover from this recession,” the president said.
A triple-digit rally on Wall Street pushed Asian and Pacific markets solidly into positive territory on Tuesday.
With outrage mounting over AIG’s $165 million in bonuses to executives, the president’s chief economic adviser offered a new line of defense for the White House in an exclusive interview with CNN. Larry Summers suggested that if Treasury Secretary Timothy Geithner had pushed the insurance giant too hard on the bonuses, AIG could have collapsed just like Lehman Brothers and sparked an even bigger crisis
Nokia, the world’s leading cellphone maker, announced Tuesday that it was cutting 1,700 further jobs globally due to falling demand. The Finland-based giant has already announced hundreds of lay-offs in response to the deepening recession. In a statement, the company said the latest cuts were part of its drive to increase “cost-efficiency and adapt to the market situation.” The latest job losses would primarily be from its devices and markets units and in corporate development and global support, Nokia said