Sweden pays jobless youth to move to Norway
Under a scheme organised by the local authorities in the town of Soderhamn and by Sweden’s national employment office, anyone aged between 18 and 28 can volunteer to take a “Job Journey” to Oslo...
Category: Currency
Gas Lines Stretch for More Than Hour
Residents trying to gas up in New Jersey are in for a long wait. Lines at stations that have power stretched for more than an hour in the parts of the state hit hardest...
Arrests spark Greek free speech outrage
The Greek authorities look to be tightening their hold on the media, as another journalist is taken into custody in an alleged attempt to silence him. Spiros Karatzaferis promised to reveal potentially damaging information...
China fund buys 10% stake in London’s Heathrow airport
China Investment Corporation (CIC), the country’s sovereign wealth fund, has bought a 10% stake in the firm that owns London’s Heathrow airport. Heathrow Airport Holdings’ other UK airports include Stansted, Southampton, Glasgow and Aberdeen....
Hurricane Sandy disrupts Northeast U.S. telecom networks
(Reuters) – Power outages and flooding caused by Hurricane Sandy disrupted telecommunications services in Northeastern states on Tuesday, resulting in spotty coverage for cellphones, television, home telephones and Internet services. While all the region’s...
Activists Seek Ban on Trade with Israeli Settlers
Officially, the European Union views Israeli settlements in the Palestinian territories as illegal. But that hasn’t stopped the EU from doing booming trade with the outposts. Now a group of European NGOs has banded...
“In socialism the rich will be poorer. But the poor will also be poorer.”
Thomas Peterffy grew up in socialist Hungary. Despite the fact that he could not speak English when he immigrated to the United States in 1956, Thomas fulfilled the American dream. With hard work and...
Eastern U.S. shocked by massive damage, flooding from Sandy – Rough Cuts
Sandy killed at least 15 people along the Eastern Seaboard as its powerful storm surge and high winds flooded beach communities in New Jersey and New England and cut power to more than 7...
UBS to cut 10,000 jobs in fixed income retreat
(Reuters) – Swiss bank UBS unveiled plans on Tuesday to fire 10,000 staff and wind down its fixed income business, returning to its private banking roots as it adapts to tough capital rules that...
At least 17 dead, millions without power in Sandy’s aftermath
As Superstorm Sandy churned slowly inland, millions along the U.S. East Coast awoke Tuesday without power or mass transit, and huge swaths of New York City were unusually dark and abandoned. At least 17...
