Backed solidly by the Bush administration, Senate Republicans said on Thursday that they would block a $157 billion economic stimulus package championed by Senate Democrats, who said they would have no choice but to quickly adopt a cheaper, more streamlined plan approved this week by the House.
Sternly prodding Congress, President Bush said Thursday that lawmakers are jeopardizing the nation´s safety by failing to lock in a government eavesdropping law.
As numerous European banks assess whether to make a bid for Société Générale, still reeling from a devastating €4.8 billion trading loss, regulators in Brussels issued a stark warning to the French government Thursday against any effort to thwart open competition to protect one of its corporate jewels.
The lawyer for an Australian resident who had been a suspect in connection with the bungled bombings in London and Glasgow last June will not be subject to any disciplinary action for leaking the transcript of the police interview with his client, a state agency reviewing the matter said on Friday.
Victims of sexual abuse may be able to sue their attackers after many years, following a ruling by the Law Lords.
A Milan court on Wednesday cleared former Premier Silvio Berlusconi of a charge of false accounting related to the sale of the SME state food conglomerate in the 1980s, before the media magnate entered politics.
Republican Rudy Giuliani and Democrat John Edwards abandoned their failing U.S. presidential bids on Wednesday, narrowing the race to two main candidates on each side before next week´s nomination voting in more than 20 states.
Since Imperial times, Chinese governments have relied on neighbors to inform on each other as a way to preserve social control.
A federal judge in New Orleans on Wednesday dismissed a class action lawsuit against the U.S. Army Corps of Engineers over the failure of the city´s levee system during Hurricane Katrina´s floods in 2005.
Worries about further losses for the financial sector got the better of investors on Thursday, putting pressure on stocks and taking the shine off another interest rate cut by the Federal Reserve.
Senior politicians here increased calls for the resignation of top executives at Société Générale, ahead of the board’s regular meeting, scheduled for early Wednesday.
The House voted on Tuesday to approve a $146 billion fiscal stimulus package, hoping to seal a fast-paced deal with President Bush on tax rebates and business incentives intended to jolt the economy with new spending.
UBS, the largest Swiss bank, said Wednesday that it would write off $14 billion in exposure to the troubled United States housing market and post a net loss for 2007.
A legal bid to force the UK to hold a referendum on the EU reform treaty has been launched by spread-betting millionaire Stuart Wheeler.
A Spanish state prosecutor filed a request Tuesday at the Supreme Court for a ban on a Basque political party due to its links to Batasuna, the outlawed political wing of armed separatist group ETA.
US Attorney General Michael Mukasey said in a Tuesday letter to the Senate Judiciary Committee that he had completed his investigation into CIA interrogation methods used on terror suspects, finding the agency´s current methods to be legal.
The Japanese jobless rate was flat in December, but the ratio of jobs to applicants hit a two-year low, suggesting that rising raw material costs and growing pessimism of the economy are making firms reluctant to raise hiring.
China on Monday allowed a U.S. warship to make a port call in Hong Kong, two months after it turned away a U.S. aircraft carrier battle group and set off a diplomatic dispute between the two countries.
New questions emerged Monday about Société Générale´s management after a former trader at the bank, Jérôme Kerviel, told French prosecutors that his fictitious trading had started as far back as 2005 - a year earlier than the bank had acknowledged - and that other employees had also routinely exceeded their authorized trading risk limits.
The American Civil Liberties Union asked a federal judge on Monday to block the March 4 presidential primary in Ohio´s biggest county if it switches to a paper ballot system that doesn´t allow voters to correct errors.
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