Real median household income in the United States climbed 1.3% between 2006 and 2007, reaching 50,233 US dollars according to a report released Tuesday by the US Census Bureau. This is the third annual increase in real median household income.
Challenging the widely-held view that fossil fuel subsidies benefit the poor, a new report by the United Nations Environment Programme, UNEP, calls for cutting back on such mechanisms to curb on greenhouse gas emissions and propel economic growth.
The World Bank said improved economic estimates showed there were more poor people around the world than previously thought while also revealing successes in the fight to overcome extreme poverty.
OPEC is likely to keep oil output policy unchanged at its meeting in September as prices remain high despite a sharp fall from July's peak, a source from the Organization of Petroleum Exporting Countries said on Monday.
World central bankers and scholars at the United States Federal Reserve's annual retreat in Wyoming, last weekend couldn't agree on how to prevent a repeat of the current financial crisis and credit crunch.
The Olympic Games have drawn to a close with a glittering ceremony inside Beijing's Bird's Nest Stadium. Spectacular fireworks kicked off the proceedings, while a beautifully choreographed drumming and dancing display recalled the opening ceremony.
United States is pushing for a resumption of international trade talks in September after a meeting of ministers collapsed without a breakthrough last month, according to US top officials
China became a net food importer in money terms in the first half of this year, as soaring food prices ate into its traditional surplus in agricultural goods. The swing into deficit largely reflects the surge in prices of commodity staples such as grain and soybeans.
The United Kingdom economy ground to a standstill in the second quarter of 2008 with GDP registering no growth at all according to official figures released on Friday.
The United Nations health agency is launching a new information campaign to highlight the impact of the hepatitis B virus, which is currently found in about 2 billion people worldwide despite being largely preventable by vaccine for more than 25 years.