Global economy, which increased by 3.9 percent in 2010, is expected to grow 3.3 percent this year and 3.6 percent in 2012, according to the Global Economic Prospects 2011, a report released by the World Bank on Wednesday."The world economy is entering...

More than 100 scientists from the United Nation's Intergovernmental Panel on Climate Change are meeting on Australia's Gold Coast to complete a special report on "extreme weather events." The UN's main science body is warning that the planet is increasingly...

The U.S. stocks climbed on Wednesday to fresh two-year highs as new economic data showed more recovery signs.The Commerce Department released its final reading of GDP growth before the opening bell, which showed the U.S. economy recovered at a modestly...

U.S. stocks dropped sharply Friday with the Nasdaq declining over 2 percent amid investors' concern about situations in Egypt.The situation in the Middle East and Africa increased investors ' demand for safer havens and prompting them to sell riskier...

Two explosions hit a Nigeria's southern city on Wednesday, injuring several people, media report said.The report quoted police source as saying that two bombs exploded during a political rally in Yenegoa, state capital of Nigeria's Bayelsa state.The police...

Sales of new single-family houses in the United States increased 5.5 percent in November, fresh evidence of the recovery of the U.S. housing market and economic outlook, reported the Commerce Department on Thursday.Sales of new single-family houses last...

U.S. President Barack Obama says America can "win the future" by rebuilding its manufacturing sector.Obama spoke Wednesday after visiting an automotive training center at a community college in Virginia, outside Washington. Obama said a slow economic...

About eight years have passed since Iran's nuclear program came under the spotlight, but the prospect of resolving this issue still seems gloomy.In early December, Iran and the five UN Security Council permanent members plus Germany (G5+1) held the latest...

Russian Prime Minister Vladimir Putin spent over four hours talking to the fellow citizens during an annual national question-and-answer session live on Thursday.According to the session's data center, some 2 million questions were poured to the head...

"But as we work with you to make America a better place to do business, ask yourselves what you can do for America. Ask yourselves what you can do to hire American workers, to support the American economy, and to invest in this nation," he said in former...