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Opportunities for German
business beckon in Algeria, a trade official said in Berlin before
Chancellor Merkel's arrival later Wednesday in the North African nation
at the head of a business delegation. Andreas Hergenroether,
chief executive of the German-Algerian Chamber of Commerce, said
Algerians had high respect and awareness...
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 J.P. Morgan’s acquisition of troubled Bear Stearns over the weekend took place with a 30 billion dollars financial help from the Federal Reserve, the US Treasury Secretary Henry Paulson reported."Bear Stearns had a liquidity crisis and we felt it was very important to minimize its impact on our economy," Paulson said after his...
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 The ministers from the 13-nation Organization of Petroleum Exporting Countries on Wednesday came to the decision to keep the crude oil production at the same level as until now, saying that the surging prices were not driven by factors that they could do something about.During their meeting in Vienna, the representatives of the countries...
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 Gazprom, the Russian monopoly natural gas supplier, said on Wednesday that Ukraine's oil and gas company, Naftogaz, has warned that it might lower the amount of gas that is travelling through pipelines across Ukraine toward other parts of Europe.As a response to Russia’s move to cut 50 percent of the amount of gas delivered to Ukraine...
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 The price of crude oil on the US markets fell below the 100 mark dollars on Tuesday, as the meeting of Organization of Petroleum Exporting Countries oil ministers are scheduled to meet on Wednesday in Austria, raising hopes that the OPEC production could be increased.Chakib Khelil, the OPEC president, said that the organization is trying...
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 A panel of business economists released their forecast for the US economy on Monday, saying that it is likely to head towards recession or at least the growth in this field will slow down to reach its bottom limit during the first half of the current year.Around 45 percent of the panel of 49 National Association for Business Economics...
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 The US markets on Tuesday recorded a decline amid the recent news from the Institute for Supply Management that the non- manufacturing US business fell in January for the first time since March 2003.Also, the Richmond Federal Reserve bank president Jeffrey Lacker announced on Tuesday that the troubles in the housing market would still...
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 Dell announced on Wednesday it
would close all its mall kiosks in the United States, naming the lagging
sales the main reason for this decision. Dell launched these mall kiosks back
in 2002, when the company considered it should give potential customers the
chance to touch and try its products before purchasing them directly from the...
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 The US House of Representatives overwhelmingly approved on
Tuesday a 146-billion-dollar stimulus package aimed at boosting the ailing
economy, as the Senate reportedly debated several amendments.
The package passed on a bipartisan 385-35 vote and was
forwarded to the Senate with an appeal for lawmakers to pass it without...
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 In a dramatic bid to shore up the US economy, the Federal Reserve on
Tuesday slashed its benchmark interest rate by three quarters of a
percentage point to 3.5 per cent, and hinted that more cuts may be
coming.
Still, recession fears and a worldwide sell-off caused US stocks to
plunge when Wall Street opened for the day before...
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 Hong Kong stocks fell 8.6 per cent and Tokyo lost more than 5 per cent
Tuesday while the Seoul and Mumbai exchanges suspended trading amid
lingering fears about US economic woes.
Trading was halted in Indian and South Korean markets after dramatic falls on opening.
Hong Kong's Hang Seng index continued its downward spiral...
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 Tokyo stocks hit their lowest point in more than two years Monday and
Hong Kong stocks saw their biggest one-day percentage fall since 2001
as fears over a looming US recession drove the market down nearly 5.5
per cent.
Japanese investors remained skeptical over US President George W
Bush's economic stimulus package and shed a...
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 High world oil prices are not to blame for the economic crisis facing
the United States, OPEC Secretary General Abdalla Salem al-Badri said
in an interview published in Germany Saturday.
"If there is a recession, the oil price is not to blame," Badri told Der Spiegel newsmagazine.
He blamed instead the subprime mortgage...
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 President George W Bush on Friday proposed some 140 billion dollars in
emergency tax relief to boost the flagging US economy and avoid a
recession, warning that the nation faces the "risk of a downturn."
Outlining his vision of an economic stimulus package, he urged
steps to spark consumer spending - the engine of the US...
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 According to British officials, the Prime Minister Gordon Brown visited the Chinese Premier Wen Jiabao on Friday, in a meeting that promised major expansion of bilateral trade after they held talks that also focused on international security and the environment.Brown revealed that they had agreed to the expansion of bilateral trade to a...
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 President George W Bush and the head of the Federal Reserve on Thursday
backed government action to give the sagging US economy a boost to help
ward off a recession.
Bush, facing calls for action by the Democratic-led Congress, came
out in favour of legislation to stimulate the economy after returning
from a Middle East...
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 According to a key indicator released on Tuesday, the German investor confidence reached a 15-year low in January, as a cause of the alarming slumping US economy and the resurgent global inflation.The Centre for European Economic Research’s ZEW index has fell to minus 41.6 points during this month, compared to minus 37.2 points in...
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 The US stocks continued to fall on Tuesday, due to new warnings about rising housing, commodity and fuel prices, as President George W. Bush expressed its concern regarding the country’s economy and Treasury Secretary Henry Paulson declared that he does not expect that the crisis should come to an end any time soon."There is no...
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 As job creation fell drastically and oil prices soared, US President
George W Bush Friday said the US economy was strong despite "some
uncertainty" over recent reports.
"The financial markets are strong and solid," Bush said after
meeting with his economic advisors. "But there are signs that require
us to...
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 The price of crude oil reached the record mark of 100 dollars a barrel on Wednesday, riding a wave crest of global fuel demand.
The price for a barrel - 159 litres - for delivery in February
reached exactly 100 dollars Wednesday afternoon on the New York
commodities market.
The price gain, following the 57 per cent increase in...
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Homebuilders and financial companies led US stocks higher Thursday after President George W Bush announced a plan aimed at reversing a tide of defaults on subprime home mortgages.
Countrywide Financial Corp, the largest US mortgage lender, surged 19 per cent for the day's biggest gain in the benchmark Standard & Poor's 500 Index....
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 The French Finance Minister released a statement on Monday announcing that the government would sell a part of power giant Electricite de France SA’s shares, in order to get the amount of money that it needs for a modernizing plan for universities.Thus, 2.5 percent of Europe's biggest power utility by market capitalization, that is 45...
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 Amid information that the Organization of Petroleum Exporting Countries (OPEC) members plan to increase the production of crude oil in order to stop its soaring value, the price of oil dropped significantly on Tuesday. A barrel of crude oil was down at 90.27 dollars, 1.57 dollars more than the 91.84 dollars the previous day, according to...
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 A survey that was published on Tuesday has shown that the German business confidence rose unexpectedly, while the international market still deals with the regress imposed by the United States mortgage crisis and the soaring oil prices.The German Ifo economic institute’s index has increased, rising the business confidence at 104.2 points...
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 Chinese leaders and top financial officials of The European Union have met on Tuesday in order to hold talks regarding trade affairs. EU hopes that it can persuade China into reducing the trade surplus, allowing more flexibility in its declining currency.The meeting came one day before the annual EU-China summit that is going to take...
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 The third Organization of Petroleum Exporting Countries (OPEC) summit has begun on Saturday, in Riyadh, facing tensions regarding the weak US dollar and the alarming continuous rise of the oil prices.The heads of 13 states have gathered for the third time in OPEC’s 47 years history in order to discuss the effect of rising oil prices on...
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 The heads of states of the 13 Organization of Petroleum Exporting
Countries (OPEC) are gathering in Riyadh later Saturday for a summit
expected to be overshadowed by the falling value of the US dollar,
rising oil prices and the effect on poorer nations.
Among the leaders attending the two-day meeting are King Abdullah
Bin...
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 The oil prices went down steady at below 95 dollars a barrel, on Tuesday, making an effort to recover from the early losses. This comes before the very important meeting of the Organization of Petroleum Exporting Countries (OPEC), which will take place in December, in Saudi Arabia.According to calculations of the Vienna-based OPEC...
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 As expected, crude oil rose above $90 a barrel to a record
in New York the day after a
government report showed an unexpected drop in U.S.
stockpiles.
Supplies of crude oil fell 5.29 million barrels to 316.6
million, the lowest level since January, according to a report issued Wednesday
by the Energy Department. New...
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 eBay Inc. has recently made
public its latest solution of providing new ways of connecting the buyers and
sellers. Now the online auction house has added networking communities to its
web site in an effort that has received also a name: the eBay Neighborhoods.
Through this move the users will
be allowed to view the connections...
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 Gartner has announced on Tuesday,
the 9th of October 2007, that at the end of the current year the
money people will have spent on IT devices and services will surpass the huge
amount of more than $3 trillion, which is even 8 percent more comparing to last
year. The first reason of this growth is represented by the rapid growth...
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 Preparing for a wave of foreclosures due to come in the
weeks that follow, banks and mortgage companies are making efforts to contain
the situation.
According to the U.S. Government, a newly formed group called Hope Now, consisting of banks and
lenders such as Citigroup Inc., First Horizon National Corp., and H&R Block
Inc....
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 Judges at the European Court of First Instance, the EU's second highest tribunal, have upheld the European Commission's 2004 record fine of 497 million euros (690 million dollars) against the U.S. software giant which was handed down for abusing its market position. However, a small provision of the 2004 ruling was rejected. The initial...
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 After the Organization of Petroleum Exporting Countries earlier announced through its president, Mohammed al-Hamli, that current supplies to the petroleum market are enough and problems with prices are caused by a lack of capacity to refine, the OPEC Tuesday decided to increase production by 500,000 barrels per day starting in November....
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 The Organization of Petroleum Exporting Countries announced through its president, Mohammed al-Hamli, that current supplies to the petroleum market are enough and problems with prices are caused by a lack of capacity to refine. Mohammed al-Hamli, who is also the United Arab Emirates Oil Minister, said there is no shortage of supply yet...
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 The Nations economy popped out this quarter and grew at the
strongest pace on a year exceeding all forecasts made last quarter and giving
President George W. Bush something to brag about.
"I want the American people to take a good look at this
economy of ours," said Bush from the White House. "It's an economy
that...
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 Amid heavy Democratic opposition in the Congress, the United States and South Korea on Saturday signed in Washington the largest free trade deal since the North American Free Trade Agreement in 1992. The deal was signed hours before president George Bush's special fast-tracking powers were set to expire, on Saturday.The representatives...
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 Some cell phones could be missing this holiday season due to a ban issued on Thursday by the U.S. International Trade Commission on phones with chips from Qualcomm Inc.This could prevent the importation into the US of tens of millions of new mobile handsetsdesigned for the Verizon, Sprint and AT&T Wireless networks, leading...
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 Brazilian President Luis Ignacio Lula da Silva made a three-day visit to India with the firm goal of improving ties, especially in the economic sector, where both countries are rising rapidly.Lula met with Prime Minister Manmohan Singh on Monday and discussed several problems appeared in the trade area and world-scale issues like global...
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 A newborn baby has passed away at a Corpus Christi Hospital, Texas, after being applied an overdose of the blood thinner heparin, informed on Wednesday the local Caller-Times newspaper. Other 16 infants received an overdose. Allegedly, nurses used 10,000 units of the drug instead of 10.It is unknown if heparin had a contribution in the...
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 Pilots or air traffic controllers will no longer be allowed
to use the anti-smoking drug Chantix. This appeal of the Federal Aviation
Administration is argued by the side-effects of the drug, which have been
discovered and announced in the last months. These negative influences on the
human body may be a threat to the safe operation...
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 GlaxoSmithKline Plc, Europe's
largest drugmaker, gained European Union approval for its pre-pandemic flu
vaccine, Prepandrix. This vaccine is meant to prevent the deadly H5N1 virus.
Prepandrix should be administrated before or in the early
stages of a flu pandemic. It determines an immune response to the H5N1 strain
of bird...
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 The U.S. Food and Drug Administration announced yesterday that it approved the use of Rotarix, a rotavirus vaccine developed by GlaxoSmithKline Biologicals, in infants from 6 to 24 weeks of age. The regulator said that while there are many strains of rotavirus, the vaccine protects againts four of them, codenamed G1, G3, G4, and...
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 A new study shows that widely used antidepressants such as
Prozac are only efficient for very severely depressed patients, Science Daily
reports.
Irving Kirsch, from the University of Hull,
and his colleagues, analyzed the patients’ response to antidepressants to see
if antidepressant therapy depends on how badly depressed...
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 Going now into its first
human trials, a vaccine that could help to control a flu pandemic has shown
encouraging results.
The vaccine, made by
Acambis, based in Cambridge, should protect against all strains of influenza A,
the type responsible for pandemics. Unlike existing vaccines it does not have
to be reformulated each year...
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 Health officials say that the first over-the-counter
slimming pill to go on sale in Britain could be available in pharmacies as
early as next year. The drug, which has been marketed in the US under the name
Alli since June, is a half-strength version of a pill called Xenical that is
currently only available in Britain under...
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 Eli Lilly and Co. announced that it developed a new schizophrenia drug which doesn't have the unpleasant side effects of its current top-selling drug, Zyprexa (substance: olanzapine). Lilly sells billions worth of Zyprexa each year, but there are serious health concerns regarding it, some of which have been systematically played down by...
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 Former President Bill Clinton has announced agreements with drug companies to lower the price of so-called “second-line” AIDS drugs.
The Clinton Foundation has negotiated agreements with generic drug makers Cipla and Matrix that, according to Bill Clinton, will allow an average saving of 25% in low-income countries and 50% in...
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 Although federal health officials have not cut tomatoes off
the salmonella outbreak cause list, an eruption that has affected more than
1,270 people nationwide, tomato growers are demanding taxpayers to pay them
compensations them for their losses.
Rep. Tim Mahoney, a Democrat from Florida,
a major tomato producer in the...
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 President Bush vetoed on Tuesday a bill through which doctors will be protected from a Medicare pay cut. But the Congress overrode the veto with majority, so the bill is now law. The Congress wants an elimination of a pay cut for doctors.Also the elderly who get health insurance through Medicare will observe some changes in their...
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 Intel Corp., the world’s biggest computer chip maker, won clearance from the US Food and Drug Administration (FDA) for “Health Guide,” a an 8lb gadget that functions as a personal health care system. It includes a small touch-screen PC running Windows XP and a web portal that helps connect patients and doctors. Doctors can monitor the...
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The Joint Commission, a health care
accreditation agency, is ordering hospitals to come to a plan to deal with rude
language, intimidating and hostile behaviour by health-care workers that could
threaten a facility’s good standing if not addressed.
According to WebMD, the Joint Commission’s
new standards, which go to effect on...
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 Officials at a Corpus
Christi hospital announced that they intend to make an
autopsy on a newborn in order to conclude whether an overdose of the blood
thinner heparin may have been one of the reasons for the infant’s death.
Two members of the Christus Spohn Hospital South’s pharmacy
personnel have renounced voluntarily, in...
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The Commonwealth Fund developed a plan
concerning health insurance reforms that would modify payment systems. The plan
was published Tuesday in the journal Health Affairs and contains proposals
similar to the ones put forward by the Democratic presidential candidates. The
ideas that have been delivered with this new program are...
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 Every year, flu makes more than 200,000
victims in the U.S.,
with 36,000 of them dying because of this illness.
Although last year’s vaccines were only 44%
effective against the flu, the five companies that produce influenza vaccine
intend to release about 143 million doses for the 2008-2009 season, according
to the Associated...
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 A national report released Tuesday showed health insurance
coverage is increasingly difficult to secure, as private health insurance has
become more and more expensive. Fewer companies can afford to offer private
health insurance now, compared to the period at the beginning of the decade, according
to the Robert Wood Johnson...
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A study reported Monday in the Archives of Internal Medicine shows that there is a link between Fosamax (known also under the name of Alendronate), the main and most efficient treatment for osteoporosis and atrial fibrillation, a chronic irregular heartbeat. It seems that the usage of this treatment doubles the risk of developing this...
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 The issue of the effects that consuming foods and beverages packaged in polycarbonate containers made from the chemical bisphenol A has upon one’s health has long been debated in the media. BPA is most often found in the composition of baby bottles and water bottles, but many other edible products are packaged in containers of this...
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 Knowing the country of origin, or the original source of a certain active ingredient of a food product, the place of manufacture, all these are considered vital information and all products' labels should show these details. The new rule came after Democratic lawmakers thought it might be a good thing for everyone to know where their...
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 The U.S. Food and Drug Administration made public a warning
to grocers to remove from their shelves all cantaloupes from Agropecuaria
Montelibano, because they had been contaminated with the salmonella bacterium.
The melon-processing company mentioned above is located on the Pacific coast in
southern Honduras.
“The United...
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 The Food and Drug Administration was alerted last week after
50 people in the U.S. and 9
in Canada became ill after
eating cantaloupes from a Honduras
manufacturer. It seems the melons from Agropecuaria Montelibano are
contaminated with salmonella. The U.S. government, together with the
F.D.A., advises people not to buy cantaloupes...
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 The Alzheimer's Association has released yesterday its yearly report on the disease. The 2008 Alzheimer’s Disease Facts and Figures details in 43 pages both current figures and forecasts. The Association has found that as many as 5.2 million Americans are living with Alzheimer’s disease, which now is the seventh-leading cause of death in...
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 The state of Maryland and Prince George's County managed to find a temporary solution which will enable hospitals in the county to remain open for two more years while a buyer takes over. The state and the county will each contribute $12 million each year to maintain the health care facilities up and running."This is a continuation...
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 Senate president Therese Murray proposed that all gifts and
freebies that pharmaceutical companies give to doctors should be totally
banned. If adopted, this decision would make Massachusetts the first state in
the country to ban these gifts outright.
The measure is part of a new healthcare reform that Murray
initiated. The...
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 Search giant Google has been working for months, in order to develop a new service in the field of consumer health. The service will give doctors and patients easy access to electronic medical records. Google Chief Executive Eric Schmidt introduced Google Health at a healthcare conference in Florida yesterday."The opportunity here...
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 Baxter International Inc. declared yesterday that it was
recalling all of its remaining heparin products, after the officials at the
Food and Drug Administration said there was sufficient capacity from other
suppliers.
“We have assurance from the U.S. Food and Drug
Administration that there is an adequate supply in the market...
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 After a doctor has been accused of speeding a patient’s
death, in order to harvest his kidneys and liver, ethicists and organ
transplant experts have become deeply concerned.
According to a report in The New York Times, hearings for
Dr. Hootan C. Roozrokh began Wednesday. He has pleaded not guilty to charges of
dependent adult...
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 Economists at the Centers for Medicare and Medicaid Services
forecast that health costs will almost double by 2017, reaching around $4
trillion. The report was published in the journal Health Affairs.
"The cost of health care continues to be a real and
pressing concern," said Kerry Weems, the Medicare’s acting...
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 On Wednesday, Texas A&M
University announced that
it decided to pay $1 million in order to settle an investigation that found
serious safety and sanitation lapses, as well as other similar problems in the
University’s biodefense program. The investigation started when one of Texas A&M
University’s workers
became infected...
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 Despite the recommendation of the advisory panel, the U. S.
Food and Drug Administration issued a preliminary approval for Genentech’s
Avastin, for the treatment of breast cancer, the company announced on Friday.
Last week, Genentech said that a study of Avastin in
combination with chemotherapy prolonged progression-free survival...
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 On Wednesday, the American Cancer
Society made public a report announcing that in the United States the number of deaths
caused by cancer rose by more than 5,000 in 2005, in a saddening reversal after
two years of decrease.
Still, the cancer death rate
among the world’s population continues to fall, but only slightly, after a...
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 Los Angeles city attorney Rocky Delgadillo has sued Health Net Inc on behalf of the entire state of California. He alleges that the insurer is illegally canceling policies to avoid paying large claims and uses false advertising regarding "individual and family" policies held by about 135,000 Californians."This lawsuit is...
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 The U.S. Department of Agriculture’s missions of promoting
the nation’s agriculture and also testing it for safety are being questioned after
the largest beef recall made by Hallmark/Westland Meat Packing Co. last week.
Rep. Rosa L. DeLauro, a Connecticut Democrat who chairs the
House subcommittee responsible for the USDA's...
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 According to latest researches,
it seems that Carraguard, the cream designed to prevent HIV, is safe, but not
effective. The cream represents the first product aiming to protect persons from
being infected with the lethal AIDS virus.
In fact, Carraguard was designed
especially for women, as it is a vaginal gel. So, researchers...
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