In a move widely expected the United States Federal Reserve kept its main interest rate on hold at 5.25%, but warned that its predominant policy concerns remains the risk that inflation will fail to moderate as expected.
The dollar fell to an all-time low against the euro Friday, after a government report showed the U.S. economy slowed to a real annualized growth rate of 1.3% in the first quarter, marking the weakest expansion in four years.
Plans unveiled by New York City Mayor Michael R. Bloomberg on Earth Day to reduce the strain on natural resources such as water, air and land were warmly embraced by officials with the United Nations department that promotes sustainable development.
Sales of second hand United States homes fell 8.4% in March, the sharpest month-on-month drop for 18 years according to data from the National Association of Realtors released on Tuesday.
Senior former World Bank employees have urged beleaguered president Paul Wolfowitz to resign arguing he can no longer be an effective leader. Wolfowitz has admitted having helped his girlfriend win a promotion and pay rise.
United States Treasury Secretary Henry Paulson weekend statements in support of a strong dollar don't seem to have convinced markets as the greenback looks ready to slide past a two year low against the Euro.
United States and the European Union need to adapt to global changing economic reality and for their own good give up their leadership monopolies at the World Bank and the International Monetary Fund, according to a report from the Atlantic Council of the United States.
Uruguayan engineer Guillermo Colman will probably not want to tell about his odyssey during the Monday Virginia Technical University carnage when he saved his life on two occasions playing dead.
IMF Managing Director Rodrigo Rato forecasted that the world economy faces another solid year of growth in 2007, estimated in 5%, and underlined the fact that the world is less dependent on the United States economy.
A jump in fuel prices pushed the United States March retail prices index to its highest in twelve months, 0.6%. However the good news is that core inflation which excludes energy and food costs rose by 0.1%, down from 0.2% in February and 0.3% in January.