Saturday, 04 May 2013 06:53
The US economy added 165,000 jobs for the month of April, exceeding expectations while driving down the unemployment rate to a four-year low of 7.5 percent.
Business

The US economy added 165,000 jobs for the month of April, exceeding expectations while driving down the unemployment rate to a four-year low of 7.5 percent.

Western retailers have rushed to rethink brand strategies and address public concerns in the wake of the Bangladesh building collapse tragedy.

Recession in the crisis-hit eurozone will be deeper than expected for the rest of the year, with even some of Europe's biggest economies suffering from hardships.

The European Central Bank has cut interest rates for the first time in 10 months, promising to provide as much liquidity as eurozone banks need well into next year and to help smaller companies get access to credit.

Facebook's profits climbed 58 percent in the first quarter from a year ago to $217m, amid a surge in mobile advertising revenue.

Mexico's Senate has approved legislation to open up the telecommunications industry, a sector dominated by TV giant Televisa and the telephone company belonging to Carlos Slim, the world's richest man.

Twitter issued a warning to media organisations to improve the security of their tweeting procedures following several high profile hacks in recent weeks.

European unemployment has hit a new record and Moody's cut Slovenia's debt rating to junk status as German Chancellor Angela Merkel defended her crisis strategy, pushing for twin goals of fiscal rigour and growth.

France plans to cut nearly 10 percent of all jobs in the armed forces as it battles a financial crisis, according to a government review commission.

The Greek parliament has voted to adopt a law that provides for the dismissal of 15,000 civil servants as part of austerity measures imposed by the country's international creditors.
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Educational Apartheid & Social Inequity |
| Gideon Polya | |
|
America's Greatest Challenge |
| Timothy V. Gatto | |
|
Will Latin America Lead Us Out of the Drug War Morass? |
| Jacob Hornberger | |
|
Reinventing Guatemalan History |
| Stephen Lendman | |
|
Remembering Perot: Last Chance for Americans against Globalization |
| Ben Tanosborn | |
|
Benghazi smoke screen |
| Will Durst | |
|
65 Years of Palestinian Nakba |
| Elias Akleh | |
|
Women of the Wall |
| Uri Avnery | |
|
Alan Hart and What It Takes to Struggle On |
| Lawrence Davidson | |

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