Posts Tagged ‘Government’

Dubai is back – or not

The Media Line Staff Dubai, United Arab Emirates David Rosenberg (The Medi – Is Dubai back? That’s the question economists and government officials ask about once every six months, only to be disappointed. But this time, at least, the stock market seems to be answering yes. Dubai’s shares have rallied 30 percent so far this [...]

House to vote on tougher sanctions against Iran for nuclear program

Tom Ramstack – AHN News Legal Correspondent Washington, DC, United States (AHN) – The House of Representatives plans to vote on two bills as soon as Tuesday to increase economic sanctions against Iran for what U.S. lawmakers say is Iran’s program to develop nuclear weapons. The bills would freeze U.S. assets of countries or companies [...]

Mideast faces shortfall of affordable homes

The Media Line Staff Cairo, Egypt David Rosenberg – The Middle East and North Africa (MENA) faces a shortfall of some 3.6 million units of affordable housing over the next five years unless the region’s governments and property developers make a combined effort to solve the problem, warns a report by the global real estate [...]

U.S. consumer prices rose in July

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The consumer price index rose in July with prices for gas, food, shelter and clothing all showing increases, according to the United States Department of Labor Bureau of Statistics. The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.5 percent in [...]

Major Israeli Defense Merger Dropped

The Media Line Staff Jerusalem, Israel (The Media Line) – Ambitious plans to merge two of Israel’s key state-owned defense makers in order to end cutthroat competition and costly duplication have been dropped and the government is moving to privatize one of them. Israeli Defense Minister Ehud Barak and Finance Minister Yuval Steinitz have agreed [...]

Villagers brace for relocation as hyropower dam project moves forward

THADEAU, Laos (IRIN) – Ting does not know exactly how the proposed Xayaburi hydropower dam will change his life, but he knows he will be forced to leave his village if it goes ahead. “I don’t have any power over this decision,” said Ting, 50, who like other Lao villagers, goes by only one name. [...]

Greek cabinet approves austerity measures; Debt default still possible

Vittorio Hernandez – AHN News Athens, Greece (AHN) – A day after winning a confidence vote in the Greek Parliament, the country’s cabinet approved austerity measures for the 2012 to 2015 budgets and laws for the measures’ application. The measures include $40 billion (EUR 28 billion) of spending cuts, tax increases, fiscal reforms and sale [...]

Taliban attacks Afghan city

KANDAHAR, Afghanistan: The Taliban unleashed a wave of attacks including six suicide bombings on government targets in the major southern Afghan city of Kandahar Saturday, leaving at least 14 people wounded. View full post on Business Stories

Ivory Coast’s incumbent leader Gbagbo seizes 4 international banks that had closed operations

ABIDJAN, Ivory Coast – Ivory Coast’s incumbent leader has seized four major international banks that had shut down operations this week in the West African country, a government spokesman … View full post on Business Stories

Home Reassessment Fraud

What is it about a sluggish economy that causes the vultures to circle, trying to profit from other people’s misfortune? I’m not talking about the opportunists who see money to be made from cleaning foreclosed homes, or scoring a good deal on an investment. I’m talking about con artists the likes of Bernard Madoff, and [...]

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