Economy Live

This is certainly a bad news for the whole world as employers in the U.S cut the most workers in five years last months. According to the Labor department in U.S, employment fell by 80,000 jobs in March 2008. So it is the lay offs in five years. Some.

With the vast oil reserves of Iraq at its disposal and having acquired supremacy over the world, US faces the worst recession this year with the prices of commodities rising every day. The food assistance program recorded the highest increase with 28...

Michael Crichton, the author of such best-selling science fiction extravaganzas like the Jurassic Park has a quieter, less known book which bristles over with a rabid fear of all things Japanese. In the Sun Rising, Crichton talks of the Japanese...

The US House has approved modest changes to President George W. Bush's record Pentagon budget proposal on Sunday; however, Democrats indicated plans to resurrect a more contentious debate over the Iraq war after the August recess. The House voted...

Jolted by the U.S. subprime housing market, IMF's head Rodrigo Rato has warned that global investment and growth prospects were at risk from a dramatic rise in private equity buy-outs. There are risks associated with the recent dramatic growth in..

At the end of the high-level economic talks between Chinese and U.S. officials, the one thing that bothered President Bush most was the 'beef'. After a meeting with visiting Chinese Vice Premier Wu Yi, Bush said that he was really disappointed that...

Increasing oil prices and threat of global warning has spurred the need of alternative energy. President Bush has already ordered to curtail gasoline use by 20 percent. US government is funding lavishly in the program. Growing need and federal...

Finally, China acknowledges that its food items contained toxic substances, as country’s nationwide survey discloses. Government led survey conveys that nearly one in five of the food and consumer products were found to be substandard or...

One after another, China is facing stiff criticism from the US Food and Drug Administration (FDA) as farmed seafood has now joined tires, toothpaste and toy trains on the list of tainted products from China that could be harmful to a person's...

U.S., once called the superpower, has started sharing its seat with other countries. According to a new study by Goldman Sach, countries like Brazil, Russia, India and China, have overtaken U.S and are the new dominating global energy industry...