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European Human Rights Court Fines Italy For Overcrowded Prisons
The European Court of Human Rights has given Italy one year to reduce overcrowding in its prisons, reported the Associated Press, after the government failed to pass legislation designed...
China To More Than Double Solar-Power Capacity In 2013
China, the world's largest energy consumer, intends to add an additional 10 gigawatts (GW) of installed solar power capacity to its present energy supply by the end of 2013,...
AIG May Sue US over Terms of Government Bailout
After paying back its $182 billion bailout, the American International Group is now considering joining a 2011 lawsuit filed against the US government, alleging that federal officials imposed unfair...
Infographic: Highly Educated but Living on Food Stamps
Over the past few years, a tough economy has forced highly educated people to turn to food stamps and other forms of welfare for help. Over 5,000 PhDs are...
Kurdistan Begins Independent Oil Exports Despite Baghdad Opposition
The semi-autonomous Kurdistan region in Northern Iraq has begun exporting crude oil directly to world markets without central government approval, reported Reuters on Monday, posing questions about Iraq’s ambitious...
Qatar To Double Financial Aid To Egypt
Qatar’s government announced on Tuesday that it would be providing an additional $2.5 billion in financial aid to Egypt, taking the gulf state’s contribution to Cairo up to $5...
EU and US Inch Closer to Transatlantic Trade Pact
A free-trade agreement between the United States and Europe, elusive for more than a decade, could soon become a reality as reports indicate that U.S. and EU trade commissioners...
Infographic: Are Electric Cars a Bane to the Government?
Electric cars have been touted the future of motoring as the supplies of oil dwindle and the cost of fuel at the pump sky rockets. But if every car...
US Banks Agree To Pay $8.5 Billion For Foreclosure Abuse
Nearly 3.8 million households in the U.S. will receive a combined settlement of up to $8.5 billion from ten major banks, reported the New York Times, after their home...
IMF Chief Economist Admits To Austerity Mistake
IMF and European economists “significantly underestimated” the cost of austerity measures on economies across the eurozone, wrote the fund’s chief economist Oliver Blanchard in a working paper published last...


