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US economic growth slowed dramatically to 2.4 percent (© AFP/Getty Images/File - Chris Hondros)

US growth slows fueling recovery fears

WASHINGTON (AFP) - US economic growth slowed dramatically in the second quarter, the government said Friday, stoking fears that the recovery is losing steam and fueling a fierce political debate over how to respond.

Published 23 hours, 25 minutes ago

Brazilian President Luiz Inacio Lula Da Silva (L) and his Uruguayan counterpart Jose Mujica (© AFP - Pablo Porciuncula)

Brazil, Uruguay one step closer to integration

SANTANA DO LIVRAMENTO, Brazil (AFP) - The presidents of Brazil and Uruguay Friday signed a package of cooperation agreements aimed at accelerating political and economic integration between the two neighbors and the region.

Published 1 day, 1 hour, 6 minutes ago

Areva said the sale of its transmission and distribution unit to Alstom and Schneider earned it 1.27 billion euros (© AFP/File - Loic Venance)

Areva reports profit surge from sale of asset

PARIS (AFP) - French nuclear group Areva on Friday reported a surge in first half net earnings to 843 million euros (1.1 billion dollars) from 143 million a year earlier that it attributed to a key asset sale.

Published 1 day, 3 hours, 33 minutes ago

People hold Union flags during a demonstration to protest the government austerity cuts (© AFP/File - Dani Pozo)

IMF lowers 2011 Spain growth forecast to 0.6 percent

WASHINGTON (AFP) - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile."

Published 1 day, 3 hours, 47 minutes ago

Siemens said Friday that it has resumed full-time work schedules at German sites owing to a pick-up in demand (© DDP/AFP/File - Steffi Loos)

Siemens to resume full-time work rotas

FRANKFURT (AFP) - German industrial group Siemens said Friday that it has resumed full-time work schedules at German sites owing to a pick-up in demand, following the lead of the auto industry.

Published 1 day, 4 hours ago

The IMF building in Washington, DC (© AFP/File - Tim Sloan)

IMF warns France on deficit

WASHINGTON (AFP) - The IMF warned France on Friday that it would fail to meet its goal of reducing the public deficit to 3.0 percent of output in 2013 unless it made "further efforts" to curb spending.

Published 1 day, 4 hours, 13 minutes ago

US President Barack Obama (R) hugs an assembly line worker (© AFP - Jim Watson)

US economic growth 'welcome sign' but more needed: Obama

DETROIT, Michigan (AFP) - President Barack Obama said Friday that four consecutive quarters of US economic growth is a "welcome sign" of recovery but more was needed to put unemployed Americans back to work.

Published 1 day, 4 hours, 16 minutes ago

Trucks left by striking truckers are parked along a highway in Athens (© AFP - Louisa Gouliamaki)

Greek military to aid fuel shortage from truckers strike

ATHENS (AFP) - Greece dispatched military trucks Friday to alleviate a nationwide fuel shortage caused by striking truckers which has disrupted freight transport and travel in the busy tourist season.

Published 1 day, 4 hours, 23 minutes ago

Italy's Alitalia said Friday it had cut its first half net loss to 164 million euros (214 million dollars) (© AFP/File - Filippo Monteforte)

Alitalia halves losses in first half of 2010

MILAN (AFP) - Italy's struggling flag-carrier Alitalia said Friday it had almost halved its net loss in the first half of 2010 to 164 million euros (214 million dollars) from 324 million euros last year.

Published 1 day, 4 hours, 41 minutes ago

Incoming BP boss Bob Dudley (© AFP/File - Mandel Ngan)

New boss vows no BP pullback from Gulf oil crisis

NEW ORLEANS, Louisiana (AFP) - Incoming BP boss Bob Dudley vowed Friday the company would stay the course in cleaning up the oil-hit Gulf region during his first visit since he was named to take the company's helm.

Published 1 day, 4 hours, 49 minutes ago

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