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German unemployment (GRUECHNG) fell more than forecast in December as exports of cars and machinery boomed and one of the mildest winters on record helped support jobs in construction.
The number of people out of work fell a seasonally adjusted 22,000 to 2.89 million, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline […]
The United States has reached a deal to sell $3.48 billion worth of missiles and related technology to the United Arab Emirates, a close Mideast ally, as part of a massive buildup of defense technology among friendly Mideast nations near Iran.
Pentagon spokesman George Little announced the Christmas Day sale on Friday night.
He noted that the […]
Insurance giant Aon has agreed to pay more than $16 million in fines to settle charges that its subsidiaries bribed foreign government officials, the Securities and Exchange Commission announced Tuesday.
Aon will pay $14.5 million to the SEC and $1.7 million to the Department of Justice to settle alleged violations of the Foreign Corrupt Practices […]
AT&T Inc. and the Justice Department have agreed to put off their upcoming antitrust trial over the phone company’s proposed acquisition of smaller rival T-Mobile USA while the wireless carriers determine the fate of the deal.
U.S. District Judge Ellen Segal Huvelle quickly approved their motion Monday to cancel their February trial and set a Jan. […]
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European Union “negligence” is to blame for the financial crisis roiling the continent, said Turkey’s president Friday, contrasting the EU’s malaise with his country’s economic and political dynamism.
Gul also called for a revamping of the U.N. Security Council, suggesting its permanent members no longer reflected the shift in influence from the postwar equation when the […]
Americans stepped up their borrowing in October to buy cars and attend college, and they also charged a little more to their credit cards. The second straight monthly gain in overall borrowing suggests consumers are growing more confident in the economy ahead of the crucial holiday buying season.
Total consumer borrowing rose by $7.3 billion, the […]
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India’s ruling party faced a potentially damaging setback Sunday after an important coalition ally said the government had reversed its decision to throw open the country’s huge retail sector to foreign investors.
The government has not officially announced a change in its policy on foreign direct investment, but a reversal would be an embarrassment for the […]
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Gunmen have freed three foreign workers, two from the U.S., kidnapped from a ship supplying a Chevron Corp. offshore oil field near Nigeria’s coast, authorities said Friday.
The U.S. Embassy in Abuja and Chevron separately confirmed the release of the kidnapped workers from contractor Edison Chouest Offshore, based in Galliano, Louisiana. A spokesman for Edison Chouest […]