Steven Rattner, Former Head of U.S. Treasury Department’s Auto Task Force in New York, November 19, 2009.
Credit: Reuters/Brendan McDermid
Former Obama administration auto industry czar Steven Rattner agreed to pay $10 million to resolve lawsuits by New York’s attorney general over kickbacks allegedly paid to do business with the state’s pension fund.
The euro currency area has only a one-in-five chance of surviving in its current form over the next 10 years because of competitive imbalances between its members, a leading British think tank said on Friday.
An oil rig (illustrative)
Photo by: AP
The reserve, Leviathon, is the largest amount of natural gas discovered in the world in the last decade and is located in approximately 5,400 feet (1,645 meters) of water, about 130 kilometers offshore of Haifa and 29 miles (47 kilometers) southwest of the Tamar discovery.
PRESIDENT DEMETRIS Christofias yesterday hit back at Turkish Foreign Minister Ahmet Davutoglu’s comments on the Cyprus-Israel maritime agreement saying there was nothing in international law to justify his level of “cynicism and arroganceâ€.
CAIRO (AP) — Egypt’s military, the biggest recipient of U.S. military aid after Israel, is in decline, according to American diplomats, who blame the Arab nation’s top brass for failing to modernize and adapt to deal with new threats.
BAGHDAD – Iraqi Christians buried their dead on Friday after a string of apparently coordinated attacks using bombs and rockets hit their dwindling community, killing two people and injuring 13 others
The Norwegian newspaper Aftenposten reports that the Syrian government was active in organizing the riots that broke out in 2006 following the publication of controversial cartoons of the Prophet Mohammed.
China’s official gold reserves are seen to be being effectively held at whatever level the country’s government thinks is of political and financial advantage.
Nearly 100 U.S. banks that got bailout funds from the federal government show signs they are in jeopardy of failing.
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