Barack Obama unveiled plans on Tuesday to divert some of the $200bn (€136bn) in lower than expected spending on troubled bank assets to boosting job creation, in what amounted to a second fiscal stimulus.But the US president, who said his proposals
Hans Vestberg, Ericsson’s incoming chief executive, on Tuesday signalled his determination to bear down further on costs at the largest mobile network equipment maker.The Swedish group announced plans to cut 950 jobs in its home country in a move th
STOCKHOLM - Swedish telecom giant Ericsson said Tuesday it would cut 946 jobs in Sweden in an effort to downsize its production staff as it strives to improve efficiency. The lay-offs come less than two months after the company reported worse-than-
Eight million may finally be enough. That's the approximate number of jobs lost since the recession began at the end of 2007. The latest government data show that after 23 straight months of job losses, the unemployment rate has finally stopped risi
KHAN NESHIN, Afghanistan - The dusty bazaar in this remote town in Afghanistan's southern Helmand province was once teeming with Taliban fighters and drug smugglers who used it as a central transit point in their journeys to and from nearby Pakistan
Financial markets might have started the week beset by worries about Dubai’s debt problems but they ended it full of optimism that the US economic recovery was gathering pace.The crucial turning point came, as it frequently has, from the US monthly
An unexpected drop in the unemployment rate helped to revive Wall Street on Friday, pushing all sectors of the market sharply higher. The US jobless rate fell back to 10 per cent in November after the economy shed the fewest jobs since the recession
LONDON - Steelmaker Corus, owned by Indian interests, said on Friday it was cutting 1,700 jobs at a plant in Britain after running into a dispute with a consortium over a major contract. Corus, which has already shed about 6,000 jobs in Britain and
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