Economy Dec 04 Global Banks Chop Interest Rates as Crisis Grows More central banks across the world cut interest rates Thursday, hoping to quash a global economic slump that is spreading faster than policymakers had anticipated.
Nation Dec 03 As Thousands Protest Indian Government, Rice Tells Pakistan to Aid Attacks Probe U.S. Secretary of State Condoleezza Rice said Wednesday that Pakistan has a "special responsibility" to cooperate with the probe into last week's attacks in Mumbai as protesters took to the streets to voice dissatisfaction with India's government.
Economy Dec 01 Stocks Pummeled as Recession Becomes Official A group of academic economists confirmed on Monday suspicions that the troubled U.S. economy is in a recession, saying the economic downturn began in December 2007.
Politics Nov 26 Thai Army Chief Urges PM to Quit as Protesters Paralyze Airport Thailand's army chief called for the country's prime minister to resign Wednesday in the face of protests that have paralyzed the government and stranded thousands of passengers at Bangkok's main airport.
Politics Nov 24 Obama Unveils New Economic Team President-elect Barack Obama named Timothy Geithner as his choice for Treasury Secretary and named other key members of his economic team. Following are his remarks, as prepared for delivery on during a press conference Thursday in Chicago.
Politics Nov 20 Judge Orders 5 Guantanamo Detainees Freed Five of six Algerians must be released after nearly seven years of captivity in the U.S. military prison at Guantanamo Bay, a federal judge ruled Thursday in the first case of its kind.
Economy Nov 19 Consumer Prices Plunge in October as Energy Costs Fall Consumer prices made their biggest drop in decades in October, due in part to lower gasoline and energy prices.
Nation Nov 18 Congo Rebels Announce Pullback to Aid Peace Bid In eastern Democratic Republic of Congo, rebels announced a military pullback Tuesday to support a U.N. peace initiative and the government ousted its armed forces chief following a string of defeats.
Economy Nov 18 Bernanke, Paulson Defend New Bailout Strategy One week after the Bush administration changed the focus of the $700 billion rescue plan for Wall Street, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson defended the new strategy Tuesday when they testified before House members.
Politics Nov 17 Iraq-U.S. Security Pact Faces Parliament’s Approval Iraqi lawmakers began debate Monday over a security pact with the United States that will allow U.S. forces to remain for three more years, a day after the Iraqi Cabinet signed off on the deal.