The White House and the Democrats in Congress have agreed a $150bn (£76bn) economic stimulus package that will offer tax rebates to boost growth.
British tycoon Richard Branson unveiled Wednesday his newest spaceship and said that test flights for the vessel would begin this year
WASHINGTON/PARIS - The answer to the pressing question of how to manage the global financial crisis might depend on which side of the Atlantic you are on.
Thousands of Palestinians have crossed from Gaza into Egypt via the ruined border fence at Rafah for a second day.
US shares rebounded on Wednesday on fresh hopes that regulators will steer the US economy out of a recession.
Trading in Bank of China shares has been suspended in Shanghai after the company did not comment on reports that it was planning big write-downs.
Asian share indexes bounced back on Thursday, boosted by an earlier rally on Wall Street.
The Brazilian government has announced a record rate of deforestation in the Amazon, months after celebrating its success in achieving a reduction.
The budget deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy.
LAKE NORMAN, N.C. -- Nuclear reactors across the Southeast could be forced to throttle back or temporarily shut down later this year because drought is drying up the rivers and lakes that supply power plants with the awesome amounts of cooling water they need to operate.
The Federal Reserve is now attempting to bail out failing financial institutions by CREATING MORE MONEY OUT OF THIN AIR.
The Governor of the Bank of England, Mervyn King, has poured cold water on speculation of a rash of interest rate cuts after warning of a period of "above-target inflation and marked slowing in growth".
Amid collapsing stock prices worldwide, the billionaire investor George Soros has told an Austrian daily, the Standard, that the United States is threatened with recession and the world is facing the worst financial crisis in half a century.
Disappearing dirt rivals global warming as an environmental threat
TEHRAN -- Iran's supreme religious leader has publicly rebuked President Mahmoud Ahmadinejad by ordering him to distribute gas to rural areas enduring a frigid winter.