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While you were sleeping: Euro zone data weak, India questions US$ dominance July 6 – Europe’s services industry deepened its slump last month while retail sales fell more than expected, adding to concerns that the global economy won’t recover quickly. The gauge of services activity in the euro region fell to 44.7 in June from 44.8 in May, according to a Markit Economics report on Friday. A reading below 50 in the survey of purchasing managers signals a contraction. Retail sales in the euro zone fell 0.4% in May. Still, business sentiment picked up in May, with an index of expectations rising to 62.3 in June, a two-year high, from 59.1 in May's. U.S. markets were closed on Friday for the Fourth of July holiday. Figures from the U.S. and Europe the previous day showed the unemployment rate climbed to 9.5%. India joined China in... [read full story]
Ashgabat (AFP) Nov 22, 2009 - Turkmenistan has become the latest target of China's hunger for energy, spelling danger for Europe's hopes of making the reclusive gas-rich Central Asian state a major source of its energy supplies.
Seagull Books has just published the latest in its “What Was Communism” series. The new title, “The Idea of Communism” is written by journalist, author and filmmaker Tariq Ali. This short book was written on the occasion of the...
Normally, the New York Post is a publication known for tabloid-style stories with a right-wing slant. However, in January 2009, they published a short but fascinating inauguration story on something that has the feel of a...
Regulators Join Germany in Opposing Subsidies to GM Unit Considered by Spain, Belgium, U.K. and Poland BY VANESSA FUHRMANS General Motors Co.'s effort to secure financial assistance for its struggling Adam Opel GmbH unit has...
