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People wait for assistance at the Virginia Employment Commission office in Alexandria, Virginia November 6, 2009. REUTERS/Molly Riley

U.S. jobless rate at 26 year record

Reuters - 56 mins ago

WASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount. More »

Brown says G20 should consider transactions tax
AFP - 1 hour 32 mins ago
ST ANDREWS, Scotland (AFP) - British Prime Minister Gordon Brown called on the G20 here on Saturday to consider a tax on global financial transactions but the proposal looked doomed amid US opposition. More »
Yemen joins gas exporters' club
AFP - 1 hour 41 mins ago
BALHAF, Yemen (AFP) - Yemen, one of the world's poorest countries, joined the international club of gas exporters Saturday with pumping starting at a newly built liquefied natural gas plant in the Gulf of Aden. More »
G20 'agrees timetable' for monitoring economic policy
AFP - 2 hours 44 mins ago
ST ANDREWS, Scotland (AFP) - The world's largest and top emerging economies agreed at a G20 meeting here Saturday a timetable on mutual monitoring of their economic policy, a European source told AFP. More »
Yemen starts exporting LNG from new plant
AFP - 3 hours 22 mins ago
BALHAF, Yemen (AFP) - Yemen began exporting liquefied natural gas (LNG) from its newly built LNG plant in Balhaf on the Gulf of Aden on Saturday, with the first shipment destined for South Korea. More »
Sri Lanka buying gold 'to diversify reserves'
AFP - 5 hours 42 mins ago
COLOMBO (AFP) - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal. More »
Ten percent jobless rate adds to pressure on Obama
AFP - 8 hours 11 mins ago
WASHINGTON (AFP) - The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say. More »
Shell to pay California $19 mln over violations
AFP - 8 hours 14 mins ago
SAN FRANCISCO (AFP) - Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said. More »
GM in talks to bring Chinese cars to India: report
AFP - 8 hours 42 mins ago
NEW DELHI (AFP) - US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India. More »
HSBC slashes prize money of Women's Champions
AFP - 11 hours 24 mins ago
SHANGHAI (AFP) - Global banking giant HSBC said it was renewing its sponsorship of the Women's Champions tournament for the next three years, but prize money would be slashed. More »