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Germany’s Unemployment Rate Falls to the Lowest Level Since November 2008, 3 Month Euribor Rate Climbs to Fresh Yearly High

July 29, 2010

Germany’s unemployment rate fell to 7.6 percent for the month of July from 7.7 percent the previous month to mark the lowest since November 2008. At the same time, the number of people out of work tumbled 20K, following a revised 20K decline in June.


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Analysis: Shale energy boom dangles prospect of leap in economic growth

WASHINGTON (Reuters) - America's reliance on fuel imports has sucked vigor from its economy for decades. Now an oil and natural gas boom holds out the prospect for a new era of stronger U.S. economic growth. Vast reserves of natural gas and oil unlocked from underground shale deposits have slashed ...

Suspected pirate attack foiled on US cargo ship

Iran and an American-led naval coalition each said Thursday they responded to a distress call by a U.S.-flagged cargo ship that came under fire from gunmen in the Gulf of Oman a day earlier.

Hwy. 407 toll road extension bidder revealed

A new SNC-Lavalin joint venture recently selected as preferred bidder by the Ontario government has finalized a $1-billion contract to extend the Highway 407 toll road east.

Planned EI changes would tighten rules for collecting benefits

Human Resources Minister Diane Finley announced details this morning about the government's planned changes to employment insurance that would tighten the rules for Canadians collecting the benefit.

Rich-poor divide reopens at UN climate talks

U.N. climate talks ran into gridlock Thursday as a widening rift between rich and poor countries risked undoing some advances made last year in the decades-long effort to control carbon emissions that scientists say are overheating the planet.

Exclusive: Many Fidelity clients have Facebook problem: source

NEW YORK (Reuters) - Fidelity Investments is working with "thousands" of brokerage clients affected by trading problems in Facebook Inc, according to a source familiar with the situation. The much-anticipated social media site's initial public offering has been steeped in controversy since it started trading on Friday. Much of the ...

EU summit ends without direction

European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising.