US unemployment rate reaches 9.8%
Friday, October 2, 2009 Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%. The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This […]
Eurozone offers Greece 30 billion euro in loans
Sunday, April 11, 2010 Member states of the eurozone have offered to give Greece thirty billion euro in emergency loans for the debt-stricken country, should the latter want it. The loans’ price will be determined using formulas by the International Monetary Fund (IMF), and will be set at around five percent. The Luxembourgish prime minister, […]