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Finance & Economics

Airlines Return To Profitability

The U.S. airline industry is rebounding. For the sixth consecutive month, carriers brought in more money than they did last year.

New regulations signed for US finance

US president Barack Obama has now signed America’s new financial regulations into law.

Nokia reports drop in second-quarter net profit

Nokia, the world's largest mobile phone maker, Thursday reported a drop in its second-quarter net profit amid 'continuing competitive challenges'.

Latin America and Caribbean on the rise again, UN economic survey finds

Latin America and the Caribbean is consolidating its recovery from the global economic slowdown, posting higher-than-expected growth in recent months, although some countries in the region face serious pitfalls, according to a new United Nations...

IRAQ: Political uncertainty causing aid funds to dry up?

A lack of funds from international donors in 2010 has hindered UN and NGO assistance programmes for the most vulnerable Iraqis, leaving many of the country’s pressing humanitarian needs unaddressed, says a UN mid-year review report.

BANGLADESH: Unemployment, food prices spur growing hunger

Rising unemployment and food prices and a sluggish economy are taking their toll on Bangladesh, where a growing number of people are struggling to survive.

Hot Chocolate: Somebody Just Bet $1 Billion On Cocoa

Big action in chocolate: Somebody bought almost all of the cocoa registered in European warehouses last week.

Lack of funding hampering aid efforts for Iraq’s most vulnerable, UN warns

The United Nations humanitarian arm warned today that a lack of funding is hampering efforts to assist vulnerable Iraqis, with food distributions to hundreds of thousands of pregnant women and schoolchildren already having been suspended.

Economists: Recovery Continues, But More Slowly

Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.

Jobs says there will be no free iPhones

Apple's CEO, Steve Jobs, has rejected suggestions that new improved iPhones should be handed out to buyers of the newest version.