International

EU summit agrees to boost aid to Eastern European members
20/03/2009 05:00
European Union leaders wrapped up their two-day summit on Friday, evaluating the EU’s economic stimulus plan, agreeing to raise aid to struggling Eastern European economies, and providing more funds for the International Monetary Fund to boost its lending...
AIG chief takes âoffenseâ at congress bonus blame
19/03/2009 05:00
AIG CEO Edward Liddy (R) is sworn in before a US Congress committee hearing on March 18 at the US Capitol in Washington, DC. American International Group Inc. (AIG) CEO Edward Liddy finds himself fighting to...
EU leaders reject further stimulus plan
19/03/2009 05:00
European Union leaders rejected here on Thursday any new stimulus plans as the United States has urged recently, saying that the EU has done enough in this respect. Czech Prime Minister Mirek Topolanek, whose country is holding the European Union...
Cisco to buy video camera maker Pure Digital
19/03/2009 05:00
In a move to further push into consumer products market, Cisco Systems Inc. on Thursday announced its intent to buy Pure Digital Technologies Inc., the maker of popular Flip video camera. A Flip video camcorder made by Pure Digital Technologies...
Madagascan parliament suspended
19/03/2009 05:00
Madagascar’s transitional government decided on Thursday to suspend the functioning of the two houses of the parliament, the National Assembly and the Senate. Andy Rajoelina, the newly appointed Madagascar’s president, speaks to reporters in...
U.S. House passes bill to impose tax on bonuses
19/03/2009 05:00
The U.S. House of Representatives passed a bill on Thursday to impose a 90-percent tax on bonuses paid out to executives by firms receiving government bailout money like insurance giant American International Group (AIG). Edward Liddy (L), chief...
Obama offers "new beginning" with Iran
19/03/2009 05:00
U.S. President Barack Obama offered on Friday in a surprise video a “new beginning” of engagement with Iran, agencies reported. U.S. President Barack Obama joins Jay Leno before appearing on the NBC late night comedy show, “The Tonight Show with...