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Markets Falter as Focus Remains on Spain

Markets Falter as Focus Remains on Spain

By PAN PYLASAP Business WriterLONDONMarket trading proved volatile Friday _ the last working day of the quarter _ as investors continued to fret over Spain. Trading is often complicated at the quarter’s end as it is the deadline for certain

Starbucks to Open First Store in India Next Month

Starbucks to Open First Store in India Next Month

Starbucks, the world’s biggest coffee chain, said Friday it will open its first outlet in India next month as it seeks to tap the beverage’s growing popularity in a country famed for its love of tea. Seattle-based Starbucks, which has

Germany, France Launch Drive for EU Finance Tax

Germany, France Launch Drive for EU Finance Tax

(AP) BERLINGermany’s Finance Ministry says Berlin and Paris have jointly appealed to the European Union’s executive to prepare the introduction of a tax on financial transactions. The proposal has failed to secure a majority within the 27-nation EU. Germany and France

World stocks dive as pessimism mounts

World stocks dive as pessimism mounts

(AP) World stocks dive as growth pessimism mountsBy KELVIN CHANAP Business WriterHONG KONGGlobal stock markets dived Wednesday after pessimism about global growth prospects sparked Wall Street’s worst sell-off in three months. Comments by a regional Fed official triggered the selling

Obama Admin Ignores Palestinian Anti-Semitic Propaganda

Obama Admin Ignores Palestinian Anti-Semitic Propaganda

Even as the Obama administration condemns a private YouTube video produced in the United States that treats Islam in brutal fashion, they have nothing to say about taxpayer-funded Palestinian propaganda brutalizing Israel and Jews. Palestinian Media Watch has released three

Millions to Raise a Glass for Munich's Oktoberfest

Millions to Raise a Glass for Munich's Oktoberfest

More than six million revellers from around the globe are set to descend on Munich from Saturday for the world’s biggest beer fest, complete with lederhosen, pretzels and plenty of the amber nectar. With the traditional cry of “O’zapft is”

Pakistani Protests of Anti-Muslim Film Turn Deadly

Pakistani Protests of Anti-Muslim Film Turn Deadly

(AP) Pakistani protests of anti-Muslim film turn deadlyBy RIAZ KHANAssociated PressPESHAWAR, PakistanProtests over an anti-Muslim film turned violent Friday across Pakistan, with police firing tear gas and live ammunition at thousands of demonstrators who threw rocks and set fire to

Spain Hesitation over Aid Unnerves Markets

Spain Hesitation over Aid Unnerves Markets

By CARLO PIOVANOAssociated PressLONDONGlobal markets mostly fell Tuesday as investors worried about the global growth outlook and Spain’s apparent delay in accepting a financial aid package. Spain’s markets have improved in recent weeks on expectations that the government will get

Sudan Protesters Storm German Embassy

Sudan Protesters Storm German Embassy

Reuters: Sudanese demonstrators incensed by a film that insults the Prophet Mohammad broke into the German embassy in Khartoum on Friday and hoisted an Islamic flag, while one person was killed in protests in the northern Lebanese city of Tripoli.

Islamists storm German, British embassies in Sudan

Islamists storm German, British embassies in Sudan

Around 5,000 protesters in the Sudanese capital angry over an anti-Islam film on Friday stormed the embassies of Britain and Germany, which was torched and badly damaged, an AFP reporter said. Police fired tear gas to disperse the protesters as

Iran Currency Slides to New Low

Iran Currency Slides to New Low

Iran’s currency was on Sunday sliding to a new record low against the dollar, with the central bank saying it was trying to manage the plunge amid an “economic war with the world.” Street traders were exchanging one dollar for

Nuke Talk Questions Await Ahmadinejad at UN

Nuke Talk Questions Await Ahmadinejad at UN

By BRIAN MURPHYAssociated PressDUBAI, United Arab EmiratesAs Iran’s president crafts his talking points for his annual trip to New York, one message is likely to remain near the top: Tehran has not closed the door on nuclear dialogue and is

Recession 'Taking Hold' in Eurozone, OECD Says

Recession 'Taking Hold' in Eurozone, OECD Says

By SARAH DiLORENZOAP Business WriterPARISEurope’s debt crisis is pushing the 17-country eurozone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said Thursday. Even growth in traditional economic powerhouse Germany is slowing, and the

ECB Unveils Bond-Buying Program to Fight Crisis

ECB Unveils Bond-Buying Program to Fight Crisis

By DAVID McHUGHFRANKFURT, GermanyThe European Central Bank unveiled its most ambitious plan yet to halt Europe’s financial crisis on Thursday with a pledge to buy unlimited amounts of the government bonds of countries struggling to manage their debts. Large-scale purchases

US Competitiveness Falls for 4th Year

US Competitiveness Falls for 4th Year

(AP) Survey finds US competitive ranking down againBy PAN PYLASAP Business WriterLONDONThe United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey

Global Economic Uncertainty Hurts Stocks

Global Economic Uncertainty Hurts Stocks

By CARLO PIOVANOAssociated PressLONDONGlobal financial markets fell Tuesday amid uncertainty over what authorities in the U.S., China and Europe might do to help the slowing world economy. In Europe, the focus will be on the European Central Bank President Mario

World View: Venezuela Refinery Explosion Threatens Chavez's Reelection

World View: Venezuela Refinery Explosion Threatens Chavez's Reelection

This morning’s key headlines from GenerationalDynamics.com: Catastrophic oil refinery explosion in Venezuela threatens Chavez’s reelection New rioting in Kenya after assassination of al-Qaeda linked cleric Proposal for ECB to purchase toxic bonds gathers steam Catastrophic oil refinery explosion in Venezuela

World View: China Condemns Romney for 'Cold War Mentality'

World View: China Condemns Romney for 'Cold War Mentality'

This morning’s key headlines from GenerationalDynamics.com: Angola sends 37 Chinese gangsters back to China Angola’s Chinese-built ghost town Germany’s Angela Merkel tries to halt anti-Greece panic China condemns Mitt Romney’s ‘Cold War mentality’ Angola sends 37 Chinese gangsters back to

German Minister Rejects More Time for Greece

German Minister Rejects More Time for Greece

By FRANK JORDANSAssociated PressBERLINGermany’s economy minister has rejected calls for Greece to get more time to implement economic reforms, saying in an interview Sunday that Athens needs to respect the bailout deal reached with its international creditors. Philipp Roesler’s comments