The White House is delaying for one week the release of President Obama’s budget for the 2013 fiscal year that starts Oct. 1, a decision that administration officials say was based on “the need...
India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, DEBKAfile’s intelligence and Iranian sources report exclusively. Those sources expect China to...
The unemployment rate when Mr. Obama was elected was 6.8 percent; today it is 8.5 percent — at least that’s the official number. In reality, the Financial Times writes, “if the same number of...
A senior member of Iran’s parliament said on Monday the Islamic Republic would close the entry point to the Gulf if new sanctions block its oil exports, reiterating a threat made by officials a...
(Reuters) – A boom in shale oil production will raise U.S. domestic crude output by a fifth over the next decade, helping to slash the country’s dependence on foreign oil imports, the Energy Information...
BRUSSELS – The European Union formally adopted an oil embargo against Iran on Monday and froze the assets of Iran’s central bank, part of sanctions to pressure Tehran into resuming talks on its controversial...
McLEAN, Va. – Federal prosecutors have shut down one of the world’s largest file-sharing sites, Megaupload.com, on charges of violating piracy laws — a day after a 24-hour blackout of popular websites such as...
RABAT, Morocco — Five unemployed Moroccan men set themselves on fire in the capital Rabat as part of widespread demonstrations in the country over the lack of jobs, especially for university graduates, a rights...
WASHINGTON – The House of Representatives voted Wednesday to reject a request by President Obama to raise the debt ceiling — a largely symbolic vote, since the Senate is expected to allow the debt...
Britain’s economic recovery faced a further setback today as unemployment rose more than expected and the number of people working part-time because they could not find full-time jobs reached a record high, figures showed....
