United States

Saturday, July 18th 2009 - 14:47 UTC
White House defends stimulus plan in spite of soaring unemployment

United States President Barack Obama's 787 billion US dollars stimulus package is working, top White House economic adviser Lawrence Summers insisted on Friday. And although unemployment is a “major area of concern”, Mr Summers said rising joblessness does not prove that the stimulus “is falling short”.
Friday, July 17th 2009 - 11:08 UTC
Roubini proposes another stimulus plan to contain US unemployment

New York University professor Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, reiterated on Thursday that the worst of the turmoil has passed. But also emphasized the US will need a second fiscal stimulus, possibly by the end of this year to face two digits unemployment.
Friday, July 17th 2009 - 07:38 UTC
Jumbo Humboldt squid “invade” shallow waters off south California

Thousands of jumbo Humboldt flying squid — aggressive 5-foot-long with razor-sharp beaks and toothy tentacles — have invaded the shallow waters off San Diego in southern California, scaring scuba divers and washing up dead on tourist-packed beaches.
Thursday, July 16th 2009 - 07:37 UTC
Obama administration and Cuba agree to further dialogue

The first talks between US President Barrack Obama’s administration and Cuba ended with an invitation for US diplomats to visit Havana in December, marking the official beginning of the first dialogue between Havana and Washington in six years.
Wednesday, July 15th 2009 - 07:55 UTC
Exxon-Mobil partners with biotech company to develop fuels from algae

The world’s largest publicly traded oil company Exxon Mobil said Tuesday it will make its first major investment in greenhouse gas reducing bio-fuels in a 600 million US dollars partnership with biotech company Synthetic Genomics Inc. to develop fuels from algae. The US corporation will be joining other oil giants (Shell and BP) that have been investing in bio-fuels.
Monday, July 13th 2009 - 11:50 UTC
US trade deficit in 2009, 350 billion USD less than in 2008

United States saw its deficit narrow to 26 billion US dollars in May, its lowest level in more than nine years, according to figures from the Commerce Department. Imports continued to fall while exports increased, pushing the deficit to its lowest level since November 1999.
Saturday, July 11th 2009 - 15:17 UTC
New leaner GM is born: four key brands and 61% owned by US government

General Motors (GM) says it has emerged from bankruptcy protection after creating a “new GM” made up of the carmaker's best assets. GM chief executive Fritz Henderson said it was the beginning of a “new era”.
Friday, July 10th 2009 - 12:42 UTC
Lula da Silva “football diplomacy” distends the G8 summit

United States President Barack Obama and Brazilian President Lula da Silva took time out from their overloaded Thursday agendas to talk about the United States' defeat to Brazil in last month's Confederations Cup Final played in South Africa.
Friday, July 10th 2009 - 12:10 UTC
Billionaire Buffet suggests US may need second stimulus package

United States widely respected investor and financial wizard Warren Buffet said on Thursday unemployment in the US could reach 11% and a second stimulus package could be needed to pull the world’s largest economy out of recession.
Thursday, July 9th 2009 - 12:51 UTC
Hillary Clinton speaks out for freedom of expression and of the press

US Secretary of State Hillary Clinton is in favour of an adequate protection to the media in Venezuela, as well as in other countries. The US top diplomat considered that the freedom of expression and freedom of the press are fundamental values for democracy.