Finance & Economics | WPN World People News

Soaring prices in the US are leading to a new food crisis with Agricultural commodities prices gaining momentum

Premature withdrawal of macroeconomic stimulus measures in developed countries in the face of budget deficits may trigger a deflationary spiral in the global economy, with attendant slumps in growth and employment, a major United Nations trade agency warned today.

Milad Nadim, 49, from Helwan city near the southern outskirts of greater Cairo, needs to be on the street by 6am daily to stand in a long queue for subsidized bread, or his children will go hungry. He says he often waits 3-4 hours to get the bread, but insists he has no option.

In a place where U.S. and other foreign forces are trying to put down a Taliban-led insurgency, a massive oilfield has been discovered.

The Federal Reserve is taking new steps aimed at keeping the U.S. economy from slowing any further.

July's dismal unemployment report, released Friday by the Labor Department, confirmed what millions of Americans already knew: It's still tough to find a job.

Google announced this month that the Nexus One, the company’s first smartphone, which it developed with HTC, is being discontinued.

On July 26 Oracle launched its Pedigree and Serialization Manager to limit counterfeit products in the pharmaceutical supply chain and to boost patient safety. It satisfies the requirements of a California drug pedigree law that takes effect in 2015.

A special master appointed by a judge ruled that Intel's business practices, including giving OEMs discounts to limit their use of AMD products, did not harm consumers, and in some cases those discounts were passed onto consumers. He denied the request for class-action status for the lawsuit.

The Cadillac Escalade SUV, has been noted by insurance experts in the US as the car most likely to be stolen.