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Entry-level salaries up for new graduates

Though the U.S. economy is still in a slump and the jobs numbers released Friday are still dire, with a rise to 9.2 percent unemployment (the highest rate this year), there is good news. There may not be many entry-level jobs—or at least, fewer people working—but data released by the…

Jobs barely rise, dashing hopes of economic revival

WASHINGTON (Reuters) – U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months. Nonfarm payrolls rose only 18,000, the weakest reading since September, the…

Asia moves to open its oil reserves

TOKYO (Reuters) – Asian nations moved to release emergency oil stockpiles on Friday as part of a rare global coordinated action by consumer countries to prevent high energy prices from stunting a stuttering economic recovery. The move, led by Washington and criticized by the oil industry as an unnecessary distortion…

Romney tops Obama by 4 percent in new poll

WASHINGTON (AFP) – Former Massachusetts governor Mitt Romney pulled ahead of President Barack Obama in a poll of registered voters Tuesday, as public disapproval over the faltering US economy grows. By 49 to 46 percent, Romney outpolled Obama in a head-to-head election, according to the survey by The Washington Post…

Germany to scrap nuclear power by 2022

BERLIN (AFP) – Germany on Monday became the first major industrialised power to agree an end to nuclear power in the wake of the disaster in Japan, with a phase-out to be completed by 2022. Chancellor Angela Merkel said the decision, hammered out by her centre-right coalition overnight, marked the…

Obama focuses on domestic issues after Osama bin Laden’s death

WASHINGTON — His commander-in-chief credentials burnished by the killing of Osama bin Laden, President Barack Obama is now seeking to shore up a shaky domestic standing on issues critical to his 2012 reelection bid. Obama will this week tackle the slowly recovering economy — on which voters give him perilously…

Congress eyes deal to avoid govt shutdown

WASHINGTON — The US Congress faces a looming deadline this week to reach agreement on spending to avoid a federal government shutdown that could have chilling consequences for the US economy. The current stopgap spending measure — known as a “continuing resolution” or “CR” — is valid through midnight Friday,…

Eurozone economy sputters in fourth quarter

The eurozone economy grew by a feeble 0.3 percent in the fourth quarter, official data showed Tuesday, amid fears fragile nations will lack the strength to overcome an unrelenting debt crisis. As European finance ministers met to discuss ways to shield the euro from more turmoil, the Eurostat agency confirmed…

‘I get it,’ Obama tells business, vows cooperation

WASHINGTON – President Barack Obama warmly courted top US executives Monday, pledging to scrap regulation and lay the groundwork for innovation in a bid to “make America the best place on Earth to do business.” But he also stressed the “mutual responsibilities” of business and government in his speech to…

Obama calls on business to do more to boost US

WASHINGTON (Reuters) – President Barack Obama called on U.S. businesses on Saturday to do more to boost the economy by hiring more workers and making investments. The government has an obligation to make the United States the best place to do business, by providing the best schools, incentives to innovate…

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