The number of people unemployed worldwide remained at an historical high of nearly 200 million in 2006 despite strong global economic growth, only modest gains were made in lifting some of the 1.37 billion working poor living on less than 2 US dollars per day out of poverty, and the pattern looks set to continue this year, according to a United Nations report released Thursday.
A Norovirus outbreak was reported to have affected more than 300 passengers and crew members aboard the world-famous Queen Elizabeth 2 (QE2) before the ocean liner docked in San Francisco Wednesday for a regularly scheduled stop, according to news reports.
Chilean authorities in the XI Region of Aysén are closely monitoring the repeated tremors in the area and are prepared for the event of a major seism or the eruption of the Hudson volcano.
Mount Everest conqueror and Antarctic explorer New Zealander Sir Edmund Hillary has returned to the frozen continent, at age 87, for what he believes will be his last time.
New York City is losing its competitive edge and could give up its lead as the financial capital of the world in ten years according to a report commissioned by Mayor Michael Bloomberg and NY Senator Charles Schumer.
Democratic Sen. Hillary Rodham Clinton launched a trailblazing campaign for the White House on Saturday, a former first lady turned political powerhouse intent on becoming the first female president. I'm in, and I'm in to win, she said.
Oil prices dropped below US$ 51,80 a barrel to new 19-month lows yesterday on a report that OPEC powerhouse Saudi Arabia said further production cuts are not necessary right now.
The Bank of Japan left Thursday its benchmark interest rate unchanged at 0.25%, following two days of deliberations and apparently appeasing government officials who say consumer spending and inflation are still too weak.
The United States consumer price index increased 0.5% last December, the sharpest rise in eight months, ending 2006 at 2.5% which however is an improvement over the 3.4% of 2005, reported Thursday the US Labor Department.
Migrant workers sending money home has become the biggest source of foreign income in some poor European countries, the World Bank has said.