Tag: United StatesUnited States
Shares rise and oil prices jumped 9% after revised figures showed the US economy grew by far more than had been thought between April and June. The economy grew by an annualized rate of 3.7%, up from the first estimate of 2.3%. Growth of 0.6% in the first three months of the year was not revised.
The US has announced sanctions against four alleged members of Colombia's Farc rebel group, accusing them of drug trafficking and money laundering. The four men used a shop in Switzerland as a front for their activities, the US treasury department said. It says the Farc still use drugs to fund their “ruthless operation”.
Shares on Wall Street finished with their biggest rise in four years ending another rocky day of trading on global markets. The mood was lifted by comments from US Federal Reserve official William Dudley that a rate rise in September seemed less compelling.
Deteriorating conditions in Venezuela are causing increasing numbers of Cuban medical personnel working there to immigrate to the United States under a special US program launched in 2006 that expedites their applications.
California's Department of Water Resources released a new NASA report showing land in the San Joaquin Valley is sinking faster than ever before, nearly 5 centimeters per month in some locations, as Californians continue pumping groundwater in response to a historic drought.
An improving job market edged the US Federal Reserve closer to an interest rate hike at its July meeting even as policymakers continued to express broad concerns about lagging inflation and the weak state of the world economy, according to minutes released on Wednesday.
The US Food and Drug Administration (FDA) has approved a libido-enhancing drug for women that has been dubbed Female Viagra. Flibanserin, a drug produced by Sprout Pharmaceuticals, recently passed an FDA advisory committee meeting.
Republican presidential candidate Donald Trump backed the commitment of ground troops if necessary to cripple the Islamic State and complained the US has always come out in support of Saudi Arabia, and while they make 'a billion a day', they are also the world's biggest funder of terrorism.
US Secretary of State John Kerry declared a new era in relations as he celebrated restored diplomatic ties in Havana on Friday, but he also urged political change in Cuba, telling Cubans they should be free to choose their own leaders.
The US economy added 215,000 jobs in July, while the unemployment rate held at a seven-year-low of 5.3%. The Bureau of Labor Statistics said on Friday job gains came in retail trade, health care, professional and technical services, and financial activities.