The European Central Bank's lending of more than €800bn (£667bn) to eurozone banks has done little to stop them cutting back on lending to businesses, according to Standard & Poor's.
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WASHINGTON — Congress sent President Obama hard-fought legislation cutting a record $38 billion from federal spending on Thursday, bestowing bipartisan support on the first major compromise between the White House and newly empowered Republicans in Congress. “Welcome to...
The image you see above, published in the Automotive News Europe Pocket Guide to the 2011 Frankfurt Auto Show appears to show the Maserati SUV that will be unveiled next week. While we do, of course, remain somewhat skeptical about this being the genuine article, all of the other images we can...
All three major U.S. stock indexes sank after a dismal report about bad loans on the books of Spanish banks. The Dow closed down 82.79 points at 13,032.75. The S&P 500 fell 5.64 points to 1,385.14.
The switch by Americans from buying to renting homes since the financial crisis has been underlined by a surge in the construction of flats.
Interest rates must remain low for a "prolonged period" to support
an economy that is still facing the threat of a downturn, the British
Chambers of Commerce has urged.
Ever since 2000, when psychologist Michael E. McCullough, now at the University of Miami, and his colleagues published a meta-analysis of more than three dozen studies showing a strong correlation between religiosity and lower mortality, skeptics have been challenged by believers to explain why--as...
The education system is still the best place to teach young people about the world of work, says Katharine Birbalsingh.
The recession has seen about 320,000 UK jobs lost forever, leaving a "scar" on youth employment, according to the National Institute of Economic & Social Research.
Dads are getting their due — at least in Father’s Day gifts. Shoppers are forecast to spend an average of $106.49 each this Father’s Day, the greatest amount in the eight years that the National Retail Federation has tracked Father’s Day spending.
Employers doled out average raises of 2.6 percent in Chicago this year,
lower than the 2.8 percent that had been projected last August, a report
from Lincolnshire-based Hewitt Associates released Monday found. Next year, the forecast is for average raises of 2.8 percent.