Tag Archives | economy

EU Treaty Has Long Road Ahead

Analysts are saying the new EU treaty will leave the UK isolated within Europe. But how much of a done deal is it? Ireland is one of the 26 countries that has said it will push ahead with the treaty. But already its European Affairs Minister has said Friday that country could require a referendum […]

Obama plays the populist card

December 10, 2011 by legitgov ShareThis Obama plays the populist card By Jerry White 08 Dec 2011 In what was billed by the White House as a major speech on the economy, President Barack Obama on Tuesday combined a potted review of American history with half-truths and lies in an attempt to present himself as […]

US trade deficit narrows further

9 December 2011 Last updated at 14:49 GMT US imports have stagnated over the last six months The US trade deficit narrowed further in October as imports fell faster than exports, official data has shown. Total exports of $179bn (£115bn) fell 0.8% from September, while imports fell 1% to $223bn, giving a total deficit of […]

European Debt Crisis Summit Starts

European leaders have started a two-day summit in Brussels in the latest effort to resolve the continent’s debt crisis and save the euro. Some officials have described the European summit as a moment of reckoning for the common currency, under siege by Europe’s burgeoning debt crisis.  But before the meeting opened Thursday night, there remained […]

Analysts: Indian Economic Slowdown May Linger

The slowdown in India’s economy is expected to continue into the next year, as growth in Asia’s third largest economy plummets to its lowest level in two years. India’s July-to-September quarter registered only 6.9 percent growth, far lower than projected by the government at the start of the year. Economists blame the slowdown on both […]

Bill Clinton joins Obama to champion Washington energy saving strategy

Bill Clinton came out with an assist for Barack Obama on his economic strategy on Friday, as the two men teamed up to launch an energy saving retrofit of government buildings and commercial properties. The unusual joint appearance marked the second time in a month that Clinton, who presided over the boom times of the […]

US politics live blog: US unemployment figures, Herman Cain accusations

1pm: Republican presidential candidate Herman Cain is travelling back home to Atlanta today to meet his wife Gloria for the first time since Ginger White revealed their 13-year-long relationship. Cain has hinted that he could drop out of the race – leading to fact-free speculation such as this piece in the Daily Beast, which waited […]

Europe Fights for Euro’s Survival

European finance ministers gathered in Brussels Tuesday in another effort to resolve the continent’s debt crisis and save the euro as its common currency. The ministers appeared set to negotiate terms of proposals that would have – until recently – been unthinkable. They could force the 17 countries that use the euro to cede control […]

S&P reduces bank credit ratings

30 November 2011 Last updated at 01:26 GMT SP’s move hit the share prices of US banks Ratings agency Standard Poor’s has downgraded the long-term credit grades of a string of major financial firms. Wall Street titans Bank of America and Goldman Sachs, along with Barclays, HSBC, and some firms in Germany and France were […]

US and EU to explore trade talks

29 November 2011 Last updated at 03:12 GMT Please turn on JavaScript. Media requires JavaScript to play. Barack Obama: ”We’ve got a stake in their (Europe’s) success and will continue work in a constructive way to try to resolve this issue” US and EU leaders have said at the conclusion of a White House summit […]