The world’s economy is “deeply into the danger zone” because of risks from the eurozone, the International Monetary Fund (IMF) has said. The IMF predicts the global economy will grow by 3.25% in 2012,...
Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is...
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...
