The International Monetary Fund says the floods that have struck Pakistan pose a "massive economic challenge" and it will review the country's budget and financial prospects. The IMF will start talks with Pakistani officials in Washington on Monday to assess how best to give help.
By SEBASTIAN MOFFETT And COSTAS PARIS ATHENS—Tens of thousands of Greeks took to the streets Wednesday as much of the country went on a 24-hour strike against government austerity measures. A small group of youths threw Molotov cocktails at police, who responded with tear gas. However, the 20,000 people who filed through downtown ...
Adrian Lowery, This is Money The British economy will never be the same again and boardrooms are refusing to accept the reality: that is the stark warning that came from a panel of experts today. The environment for business will ‘never return to pre-recession normality’ argues the hard-hitting report from a panel of academics ...
PRINCETON, NJ -- A Gallup poll finds 61% of Americans viewing the military power of Iran as a critical threat to U.S. vital interests over the next 10 years. An additional 29% say Iran is an important, though not a critical, threat to the United States. The findings come as Secretary ...
By Alexis Xydias Feb. 12 (Bloomberg) -- The Greek budget crisis is a symptom of imbalances that will lead to the breakup of the euro region, according to Societe Generale SA strategist Albert Edwards, and Harvard University Professor Martin Feldstein said monetary union “isn’t working” in its current form. Southern European countries are ...
The European single currency is facing an 'inevitable break-up' a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide 'sticking plasters' to cover the deep- seated flaws in the eurozone bloc. The stark warning came as the euro slipped further on the ...
LONDON (Reuters) - One of Britain's top legal advisers during the run up to the 2003 invasion of Iraq said on Tuesday he believed the military action was illegal. Michael Wood, the most senior legal adviser at Britain's Foreign Office until 2006, told an inquiry examining Britain's role in the war a United Nations resolution authorizing ...
Haiti is no stranger to adversity and anguish - over 500 years of severe oppression, slavery, despotism, colonization, reparations, embargoes, sanctions, deep poverty, starvation, unrepayable debt, and natural calamities from destructive hurricanes to a dozen magnitude 7.0 or greater Caribbean region earthquakes in the past 500 years. The last major one was in 1946 at ...
LONDON, Jan. 23 (UPI) -- Camera-equipped drones, developed by the British military for use in war, will be used in England to keep an eye on civilians from the sky, officials say. Police in Kent and Essex counties plan to start using them in 2012 for routine monitoring of motorists, protesters, agricultural thieves and illegal dumping, ...
WASHINGTON (AP) -- Five glaring errors were discovered in one paragraph of the world's most authoritative report on global warming, forcing the Nobel Prize-winning panel of climate scientists who wrote it to apologize and promise to be more careful. The errors are in a 2007 report by the Intergovernmental Panel on Climate ...