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SIMON WATKINS: Interest rate rise is real test of a recovery

Source: This Is Money  |   May 25 2013, 4:05pm CDT

The International Monetary Fund changes its mind so often it is hard to know what it thinks about the British economy. Last week it issued its latest formal verdict and managed to come up with something fo ...

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David Cameron isn't even among friends in his own cabinet now | Andrew Rawnsley

Source: Guardian Unlimited  |   May 25 2013, 3:59pm CDT

Reports of the grisly death of Drummer Lee Rigby on the streets of London first reached David Cameron as he travelled with François Hollande from an EU summit in Brussels to Paris. By the time they reached Gare du Nord, the prime minister ...

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Emirates opens luxury lounge in Paris airport
Emirates opens luxury lounge in Paris airport
Paris, May 26 (IANS/WAM) Emirates has inaugurated a refurbished lounge for passengers at the Paris Charles de Gaulle airport.
 
Khurshid in Saudi Arabia as India scrambles to help workers
Khurshid in Saudi Arabia as India scrambles to help workers
Jeddah, May 25 (IANS) Indian External Affairs Minister Salman Khurshid Saturday discussed bilateral issues, including the Nitaqat law, with his Saudi Arabian counterpart Prince Saud Al Faisal as the Indian missions there scrambled to help over 55,000 Indian workers leave the kingdom in adherence to its new stringent work policy.
 
Scientists develop 'skin' for robots
Scientists develop 'skin' for robots
Rome, May 25 (IANS) European scientists have engineered artificial skins and sensor technologies to augment "sensitivity" in robots, says a study.
 
 

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Islamabad may introduce over $2.81b revenue measures in budget

Source: GulfToday.ae  |   May 25 2013, 3:44pm CDT

ISLAMABAD: The government of Pakistan may introduce more than Rs279 billion ($2.81 billion) revenue measures in the 2013-14 budget to fulfil the conditions attached with the IMF’s proposed Extended Fund Programme for Pakistan. In order to qualify for th ...

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**L'Esprit de l'Escalier: May 25, 2013**

Source: Brad DeLong's Semi-Daily Journal  |   May 25 2013, 3:16pm CDT

Financial disasters… It seems to me that there are kinds of financial disasters… The first is a disaster for the real economy--interesting how we use that phrase to distinguish the real economy from the financial economy--that has a financi ...

Continue reading on: Brad DeLong's Semi-Daily Journal  More like this

 

Thousands rally in Portugal against pro-austerity government

Source: Bangkok Post  |   May 25 2013, 2:49pm CDT

Thousands of Portuguese rallied in Lisbon on Saturday, calling for the resignation of the government whose austerity policies they claimed have exacerbated the country's recession. Demonstrators take part in a protest ...

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India's forex reserves down $1.7 billion

Source: MSN India  |   May 25 2013, 2:08pm CDT

Mumbai, May 25 (IANS) India's foreign exchange (forex) reserves decreased by $1.72 billion to $291.96 billion for the week ended May 17, according to data released by the Reserve Bank of India. The reserves had fallen by $616.4 million to $293.69 bi ...

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Guarantees for foreign suppliers

Source: The Express Tribune Pakistan  |   May 25 2013, 2:03pm CDT

Country's finances could hit the wall in the next six months or so if another transfusion is not provided. PHOTO: FILE In simpler terms, people are beginning to think that Pakistan is about to run out of foreign exchange reserves and so they are c ...

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Jordan economy set to grow 3.5 pct in 2013 - central banker

Source: Reuters  |   May 25 2013, 9:58am CDT

DEAD SEA, Jordan May 25 (Reuters) - Jordan's economy is expected to grow around 3.5 percent this year driven by remittances, higher domestic consumption and some pickup in construction activity, the kingdom's Central Bank governor said on Saturday ...

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