US
China will cut rare earths export quotas
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December 29, 2010China has said it will cut exports of rare earth minerals by 10% in 2011. World manufacturers are heavily reliant on China for these minerals, which are essential for making many electronic goods, such as TVs and PC monitors. China has 97% of the...
2010 Christmas underscores economic contrasts
December 25, 2010The Christmas Holiday - a long tradition in the West, is quickly gaining a foothold in many countries. Even in countries with few Christians, the holiday which symbolizes the birth of Jesus, is finding a home among people of different cultures. But...
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December 16, 2010The U.S. Senate has overwhelmingly approved a sweeping federal tax bill that will swell America's national debt by hundreds of billions of dollars and, it is hoped, stimulate a lagging U.S. economy. Attention now shifts to the House of Representatives...
Obama proposes civilian pay freeze to help tackle federal deficit
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November 30, 2010President Barack Obama said he will seek a two-year freeze of the salaries of civilian U.S. federal workers, saying the step is necessary to deal with the federal deficit and to control government spending. The White House estimates the proposed freeze...
U.S. ambassador calls on business for social responsibility
November 18, 2010U.S. Ambassador to Moldova Asif J. Chaudhry has called on Moldovan and foreign companies for a more active corporative social responsibility. He said this will favor not only the citizen living standard's improvement, but the development of enterprises...
US charges 17 for stealing German-funded Holocaust reparations
November 11, 2010A New York-based organization financed by Germany and intended for Jewish victims of Nazi persecution has allegedly been cheated out of some $42 million, as US prosecutors announce a nine-year fraud scandal. United States authorities on Tuesday filed...
US Central Bank to try to boost economy
November 03, 2010The U.S. central bank is poised to start pumping hundreds of billions of dollars into the American marketplace this week in hopes of boosting the nation's sluggish economy. The Federal Reserve's policy-setting committee is meeting Tuesday. Economic...
US, S. Korean presidents pledge to quickly resolve free trade differences
November 02, 2010South Korea's government says presidents Lee Myung-bak and Barack Obama have promised to resolve differences on a trade pact before Seoul hosts the Group of 20 leaders' summit next week. The office of the South Korean president says Mr. Lee Tuesday...
Geithner to pursue currency norms at G20 meeting
October 21, 2010U.S. Treasury Secretary Timothy Geithner says he will urge his G20 counterparts to agree on better rules to regulate currency exchange rates when they meet later this week in South Korea. Fears of a "currency war," in which countries devalue...
US confirms $60 billion arms sales package for Saudi Arabia
October 21, 2010The Obama administration announced plans Wednesday to sell up to $60 billion worth of advanced fighter aircraft, helicopters and related weapons systems to Saudi Arabia. The package is aimed at helping Saudi Arabia deal with potential threats from Iran...