Economists are not known for being alarmists or particularly prone to hyperbole -- remember all of those hemming and hawing, obscure and opaque phrases that former Federal Reserve chairman Alan Greenspan was famous for? So when they all start using a term like “fiscal cliff” to describe the simultaneous onset of big tax increases and spending cuts in the United States scheduled for Jan
France's agriculture ministry intends to revoke a key permit allowing the use of a pesticide believed by scientists to harm bumblebee and honeybee populations. Manufactured by the Swiss agricultural company Syngenta AG ( NYSE : SYT), the Cruiser ORS pesticide is used to coat rape seeds so crops are better protected as they sprout from the ground. However, recent scientific studies indicated the pesticide may disrupt the nervous systems of bees as they land on and pollinate crops
U.S. utilities are switching from coal to less-expensive natural gas to generate electricity, a cost-saving move that results in decreased railway shipments of the fossil fuel and lower revenue for railroads. Coal's share of U.S
Iran announced Sunday it will continue enriching high-grade uranium while adding a nuclear power plant in 2014 and rebuffed calls to let U.N. inspectors visit the suspected home of the country's nuclear weapons research
India and Myanmar are to promote new initiatives and define a roadmap for boosting cooperation between the countries, said Prime Minister Manmohan Singh in New Delhi, before leaving on a three-day visit to Myanmar on Sunday. Stressing India 's desire to have strong bilateral relations with Myanmar, Singh said in a statement that India considers Myanmar "a close friend and neighbour". Pointing to the significant expansion in trade and economic relations between the countries, Singh said his visit would help review the progress in the implementation of bilateral projects.
The president of Tanzania Jakaya Kikwete has fired six of his ministers in connection with a probe of corruption by senior government officials. The six figures who were sacked all held high-profile portfolios: finance, energy, tourism, trade, transport and health. They were identified as Mustapha Mkulo, minister of finance; William Ngeleja, minister of energy and minerals; Ezekiel Maige, minister of tourism; Omari Nundu, minister of transport; Haji Mponda, minister of health; and Cyril Chami, minister of industry and trade.
The British Labour Party, out of power at the national level since May 2010 when a Conservative-Liberal Democrat coalition took over Westminster, has scored a stunning string of victories in local elections across the United Kingdom .
Love and money can actually deliver bliss into a romantic relationship but the whole set-up needs to be governed by mutual trust and respect, a new report suggested. Most couples opting to pool their finances in a singular account appeared gravitating towards a common goal - to build a family under a roof that together they have worked to build up through agreed and concerted saving measures, according to the new survey conducted by ING Direct
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India and Iran have had a long relationship stretching back to ancient times. Iranian (or Persian) influence has produced a deep imprint upon Indian art, poetry, architecture and literature.
China’s New Rare Earth Policies Could Further Diminish Exports Of Critical Minerals, Weakening Western Manufacturers
A Chinese worker at a rare earth smelter in China 's Inner Mongolia province stands before piles of rare earth ores, seen in the background. The photo is from late 2010. Source: Reuters/David Gray China is moving ahead with efforts to impose new controls and oversight on its critical rare earths industry, a move that could sharply curtail the availability and significantly increase prices of key materials for U.S.