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IMF calls on UK to do more to boost economy
The International Monetary Fund has issued a tough assessment of U.K. economic policy, urging the coalition government and Bank of England to do more to boost demand in the economy.
Publ.Date : 2012-05-22T10:44:55Z
SpaceX blasts off to space station in historic first
The SpaceX Falcon 9 rocket blasted off at 3:44 am (0744 GMT)Opening a new era in private space flight, the US company SpaceX on Tuesday became the first commercial outfit to launch its own craft toward the International Space Station.
Publ.Date : 2012-05-22T10:36:43Z
Indian passenger train rams freight train; 25 dead
Rescuers evacuate an injured from the site of a train accident at a station near Penukonda, about 170 kilometers (105 miles) north of Bangalore, India, Tuesday, May 22, 2012. The passenger train rammed into a parked freight train and burst into flames before dawn Tuesday, killing more than a dozen people in southern India, officials said. (AP Photo)A passenger train rammed into a parked freight train and caught fire before dawn Tuesday in southern India, killing at least 25 people and injuring dozens more.
Publ.Date : 2012-05-22T10:41:02Z
Spain teachers, students strike over spending cuts
Two nuns walks past a discount store offering up to 70 per cent reductions on prices in Madrid Monday May 21, 2012. Spain's economy minister de Guindos said the Spanish economy, which has contracted by 0.3 percent in each of the past two quarters, will shrink by about the same amount in the second quarter of 2012. The forecast is for it to decline 1.7 percent for the year. Unemployment stands at a staggering 24.4 percent, and exceeds 50 percent for people under age 25.(AP Photo/Paul White)Teachers and students at all levels of Spain's education system went on strike Tuesday to protest wide-ranging government spending cuts, chanting and erecting makeshift tombs at university campuses to symbolize what they claim will be the death of the country's schooling system.
Publ.Date : 2012-05-22T10:53:37Z
OECD sees euro crisis threatening world recovery
A homeless man sleeps in front of a closed shop in central AthensPARIS (Reuters) - The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday. In its twice-yearly economic outlook, the Paris-based Organization for Economic Co-operation and Development forecast that global growth would ease to 3.4 percent this year from 3.6 percent in 2011, before accelerating to 4.2 percent in 2013, in line with its last estimates from late November. ...
Publ.Date : 2012-05-22T10:40:21Z
Brandon Cronenberg is a chip off the bloody block
Director Brandon Cronenberg poses for a photograph prior to an interview with The Associated Press at the 65th international film festival, in Cannes, southern France, Monday, May 21, 2012. (AP Photo/Joel Ryan)You wait years for a new Cronenberg movie at Cannes, and then two come along at once.
Publ.Date : 2012-05-22T10:49:48Z
Five killed in restaurant blast in Syrian capital
BEIRUT (Reuters) - Five people were killed when an explosive device detonated at a restaurant in the Syrian capital Damascus on Tuesday, Syrian state media and activists said. The northern Damascus neighborhood of Qaboun where the bomb went off has been a centre of protests demanding the end of President Bashar al-Assad's rule and has also seen fighting between Assad loyalists and rebels. State television blamed the explosion on "terrorists," a term the Syrian government uses when referring to the armed opposition. ...
Publ.Date : 2012-05-22T10:47:38Z