May 25, 2011
Foreign investment into Europe jumps thanks to US
Foreign investment into Europe grew sharply in 2010 to reach levels not seen since the global financial crisis began, a survey suggests. This resulted in a record number of projects funded, while the number of jobs these helped to create rose by…
May 25, 2011
US new home sales rise in April
US new home sales rose for the second month in a row in April, climbing 7.3% on the month before, figures show. April sales came in at a seasonally adjusted annual rate of 323,000 homes, the Commerce Department said, which was stronger than analysts…
May 25, 2011
Greece default would hurt other countries, says Moody’s
Any Greek debt default would likely hurt the credit rating of other peripheral eurozone countries, the ratings agency Moody's has warned. In a statement on the impact of a potential default, Moody's said such a default would also hurt Greek……
May 25, 2011
Chrysler repays $7.6bn in government loans
US car giant Chrysler has repaid $7.6bn (£4.7bn) in US and Canadian government loans that helped it stay afloat in 2009, six years ahead of schedule. The repayments include $5.9bn to the US and $1.7bn to Canada. Plummeting sales forced Chrysler,…
May 25, 2011
President Obama hails ‘special relationship’ at banquet
US President Barack Obama has hailed his country's "special relationship" with the UK in a…
May 25, 2011
Democrat Wins New York Special Election
A Democrat has won an upset victory in a hotly contested race for a U.S. congressional seat from upstate New York, where proposed cuts to federal health assistance were seen as a pivotal issue. Democrat Kathy Hochul won the seat Tuesday in New…
May 25, 2011
Tornadoes Threaten Oklahoma, Kansas, Texas, 4 Dead
Severe storms and tornadoes are causing destruction and claiming lives in the central United States, just two days after scores of people were killed in the state of Missouri, in the deadliest tornado to hit the United States in nearly 60 years.…
May 25, 2011
Russian Court Upholds Khodorkovsky Verdict
A Moscow court has upheld the second conviction of former Russian Yukos oil tycoon Mikhail Khodorkovsky and his business partner Planton Lebedev. But the court Tuesday reduced their prison terms by one year, meaning they likely will stay behind…
May 25, 2011
Car Bomb Wounds 15 in Pakistan
Militants have detonated a car bomb near a police building in northwest Pakistan. Police Wednesday said at least 15 people were wounded in the dawn attack in the city of Peshawar, near the Afghan border. No group immediately claimed responsibility…
May 23, 2011
PNP welcomes meeting
In a follow up to the release sent to RTC news by the F.C.O Office, the Progressive…