• EU leaders back Barroso’s second term as commission chief

    EU leaders back Barroso’s second term as commission chief

    18/06/2009 05:00

    European Union (EU) leaders handed down their blessing on Thursday to Jose Manuel Barroso’s bid for a second term as the European Commission chief. European Commission President Jose Manuel Barroso attends a press conference after the first day...

  • U.S. to meet June 30 deadline of military withdrawal from Iraq: ambassador

    U.S. to meet June 30 deadline of military withdrawal from Iraq: ambassador

    18/06/2009 05:00

    The United States will, in accordance with its agreement with Iraq, withdraw combat troops from all Iraqi urban areas, U.S. Ambassador to Baghdad Christopher Hill said here on Thursday. U.S. Ambassador to Iraq Christopher Hill answers a question...

  • Harvard makes big budget cuts

    Harvard makes big budget cuts

    17/06/2009 05:00

    Harvard University, the world’s richest educational institution, is making big budget cuts because of the economic downturn, university officials said. The financial crunch is hurting the university at every level from introductory freshman...

  • Fighting kills 17 in Mogadishu, including police chief

    Fighting kills 17 in Mogadishu, including police chief

    17/06/2009 05:00

    Up to 17 people including the head of Mogadishu’s police, Colonel Ali Said, were killed and dozens of others wounded on Wednesday in the fighting in Mogadishu, capital of Somalia between the Somali government forces and Islamist insurgent fighters....

  • China sells US bonds to show concern: analysts

    17/06/2009 05:00

    A decision by China to reduce its US Treasury holdings suggests concern about the US attitude toward its economic woes, Chinese economists were quoted as saying in state media Wednesday. The remarks, coming after US data showed a modest decline...

  • Global economic recovery next year: IMF chief

    17/06/2009 05:00

    The global economy should begin seeing signs of recovery by next year, International Monetary Fund (IMF) managing director Dominique Strauss-Kahn said Wednesday during a visit to the Central Asian state of Tajikistan. The fund chief said that...

  • Bank of America has ‘considerable’ savings in Asia

    Bank of America has ‘considerable’ savings in Asia

    17/06/2009 05:00

    Pedestrians are reflected in the window of a Bank of America Corp. bank branch in Charlotte, North Carolina, US Bank of America Corp. has made “considerable” cost savings in Asia since its January purchase...

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