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EU agrees agriculture policy reforms
BRUSSELS: European Union nations sealed agreement on Thursday to revamp their farm support policy with increases in milk quotas, cuts in subsidies for production and more support for eco-friendly proj .....more |
Governments scramble to protect jobs as losses mount
PARIS: Governments scrambled to cushion the impact of the finance crisis on Thursday with France launching a sovereign wealth fund and China unveiling a jobs protection plan as the car industry made h .....more | |
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US jobless claims hit 16-year high
WASHINGTON: US unemployment claims surged to a 16-year high, government data showed on Thursday, adding to growing alarm as companies worldwide shed workers in the global economic downturn. Initial .....more |
Air France-KLM reports sharp second quarter profit fall
PARIS: Air France-KLM on Thursday reported a 96.2 percent fall in second quarter earnings that it blamed on the high cost of fuel. The French-Dutch carrier said that in the July-September period of .....more | |
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Stocks fall after jobless claims jump
NEW YORK: Fresh worries about widening unemployment added to investors' list of concerns about the economy on Thursday and extended Wall Street's sell-off to a second day. The major indexes each fell .....more |
Japan, China agree to work together on trade
LIMA: Japan and China on Wednesday pledged to work together on trade issues as Asia's two largest economies fend off the impact of the global financial crisis. Japan's Trade Minister Toshihiro Nika .....more | |