Some 6.6bn US dollars flown into Iraq eight years ago may have been stolen, according to a US official investigating fraud in the country. The missing money may represent the largest theft of funds in national history, investigator Stuart Bowen told the Los Angeles Times newspaper.
The head of the Royal Navy Task Force that recovered the Falkland Islands during the 1982 South Atlantic conflict has warned about UK defense cuts and underlined that United States has little interest in supporting Britain in any conflict since a stable Argentina is more important to the State Department.
Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers.
US Federal Reserve Chairman Ben Bernanke said the “frustratingly slow” US recovery warrants sustained monetary stimulus while predicting that growth will gain speed in the second half of the year.
Peru's nationalist president-elect Ollanta Humala said on Tuesday he will chart his own course, described the US as a ‘strategic partner’ and promised to discuss with mining companies his plans to tax windfall earnings to pay for social programs.
The United States mortgage market has gone and is going through rough changes. Many laws have been introduced regarding lending and borrowing and a new initiative is again triggering debate as to its effects on the mortgage market.
The United States House of Representatives demanded that President Barack Obama clarify the US role in the conflict in Libya, but rejected an attempt to force him to end America's military involvement there.
White House said on Friday the US unemployment rate was unacceptably high while trying to put a brave face on a report that showed employers hired far fewer workers than expected in May.
A new report from the United States Census Bureau shows that the biggest jumps in the Hispanic population over the past decade were seen in the Deep South and Midwest in places such as South Carolina, Alabama and South Dakota.
The National Ballet of Cuba plans to deliver a “message of peace” when it starts its first United States tour in eight years, said renowned director, Alicia Alonso. The visit is expected to last one month.