US automaker Chrysler files for bankruptcy

U.S. President Barack Obama announced that America’s third-largest automaker Share

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...

Obama Sees “Glimmers of Hope and Signs of Progress”

President Obama said Friday, that there were “glimmers of hope” for the economy Share

Obama makes ultimatum to automakers GM and Chrysler

U.S. President Barack Obama took a hard stance on Monday towards automakers Share

EU presidency: US stimulus is “the road to hell”

Czech Prime Minister, Mirek Topolanek, has labelled the US fiscal stimulus package Share

US foreclosures rise 30 percent in February

U.S. home foreclosures took a steep 30 per cent rise in February compared to February 2008 Share

Brown holds talks with Barack Obama

British Prime Minister will hold talks today with U.S. President Barach Obama Share

14,000 losing healthcare coverage per day

According to a recent report by the Center for American Progress, an estimated 4 million additional Americans have lost their health insurance Share

Obama aims to cut federal deficit in half

President Barack Obama’s latest effort to “change” the United States of America aims at slashing the federal budget deficit by half. Share

Dow Jones at worst level in 6 years

The Dow Jones industrial average recorded its lowest close in over six years Thursday evening Share