Finance & Economics | WPN World People News

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 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 report.

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.

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.

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

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 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.

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

Hungary is facing increasing pressure on its ability to fund government programs, after key support was suspended on the weekend.

You Tube is being criticized by some social groups in the UK for not removing a tribute video to Raoul Moat, the man who shot several people in the UK and became the subject of a massive manhunt.