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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…
Worker burnout warnings spread across World Economic Forum
Anti-depression drug sales up in Germany DAVOS, Switzerland – After a brutal four days of world leaders’ speeches, schmoozing and wild parties, exhausted global delegates at the World Economic Forum were warned of the growing dangers of burnout for society. Economic turmoil, round-the-clock communication and constant social pressure to succeed…
Republicans lie in wait for returning Obama
President Barack Obama swaps serene Hawaii for the partisan hurly-burly of Washington Tuesday, with empowered Republicans maneuvering to strangle his health care law and stall his new momentum. Obama will return from holiday a day before Republicans formally take possession of the House of Representatives on Wednesday after their November…
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