Humiliating: North Korea, embarrassed by the failure of the much-hyped rocket launch, is now widely believed to be weighing undertaking its third nuclear test in order to show its military strength The United States will not go forward with planned food aid to North Korea, the White House said on Friday, after the impoverished nation’s unsuccessful launch of a... 

Millions of Americans may lose homes for debt. Millions of Americans are at risk of losing their homes due to mortgage debt. The finding is by a group of experts from the International Monetary Fund, haning prepared an analytical report on the prospects of the global economy. “About 2.5 million owners of apartments and homes in the U.S. have lost their homes. Other... 

Italian metalworkers march during a protest in Rome on March 9, 2012. Italy’s main labor unions have staged rallies in the capital Rome to protest Prime Minster Mario Monti’s pension reforms that is expected to trap many workers in a legal limbo without retirement pay. The plan will see the retirement age raised and that younger workers will collect smaller pensions... 

Despite the European Union’s sanctions against Iran’s oil sector, oil and gas companies from 15 European states have thus far put in a request to take part in Tehran’s 17th International Oil, Gas, Refining, and Petrochemical Exhibition. “So far, 1,255 domestic and foreign companies from 44 countries have registered to take part in this international exhibition,”... 

Iran bans imports of goods from 100 European firms Iran reportedly plans to ban imports from European companies as part of its countersanctions against the European Union (EU). Deputy President of Iran Trade Promotion Organization Sasan Khodaei confirmed that Iran has banned imports from 100 European countries. In an interview with Press TV on Wednesday, Khodaei said... 

The Egan-Jones agency has downgraded the US credit rating for the second time to AA as debt to GDP surpasses the 100 percent mark and is worsening. Press TV has interviewed Allen Roland, freelance alternative press online columnist in Sonoma California about the latest down grade adjustment to the US economy; how the administration is performing their duty to accurately... 

A shattering report from RIA Novosti’s Washington D.C. bureau appears to prove that the mainstream press in America has become nothing more than a propaganda arm of the Obama regime when during a White House news briefing this past week they were effectively ordered not to report on this past weeks credit rating cut of US government debt. The Russian International... 

Protesters scuffle with police during a rally at central Syntagma square in Athens on April 5, 2012. Greek police have clashed with demonstrators in Athens for a second day after a senior pensioner committed suicide over economic hardship. On Thursday, riot police attacked protesters with teargas and flash grenades on Athens’ main Syntagma Square where hundreds of demonstrators... 

US President Barack Obama and Israeli Prime Minister Benjamin Netanyahu New data shows Washington has given more than 115 billion dollars in financial aid to Israel over the years, indicating Tel Aviv’s great dependence on the US. According to the report published by the Congressional Research Service Israel has received more assistance from the US than 15 European... 

The Portuguese Government is convinced that the ongoing austerity measures and economic restructuring will enable the country to return to the credit market in 2013, but recent projections refute this assertion. Foreign politicians and economists predict that Portugal, like Greece, will exit the Eurozone. What do the Portuguese think about this? According to Ernst &... 

European stock markets have dropped sharply, wiping out gains from the day before, amid fears that the eurozone debt crisis is resurfacing. European stock markets ended lower on Tuesday, with the Spanish stock market the worst hit, as the IBEX 35 index shed 2.7 percent, AFP reported. In Milan, FTSE MIB index also traded over two percent lower and Frankfurt’s DAX and... 

Uruguayan Agriculture Minister Tabare Aguerre Uruguayan Agriculture Minister Tabare Aguerre says his country is ready to export rice to Iran in exchange for Iranian oil in the face of the US-led unilateral sanctions on Tehran. “If Iran is willing to barter oil for rice we will do it and we will take out currency from (the operation),” Reuters quoted Aguerre... 

Pope Benedict XVI with Cuban leader Fidel Castro (R) during a meeting on March 28, 2012 in Havana Pope Benedict XVI has denounced the US economic embargo on Cuba, saying such punitive measures “unfairly burden” the ordinary Cuban people. “Restrictive economic measures imposed from outside the country unfairly burden its people,” the pope said on Wednesday... 

Over two-thirds of the employees in local government and schools who have lost their jobs since the general election in 2010 are women, warns the GMB union. A new study by the public services union on the latest official figures for employment in councils between the first quarter of 2010 and the third quarter of 2011, showed that there are 36 councils in England and... 

Slain Libyan dictator Muammar Gaddafi (R) and French President Nicolas Sarkozy A French investigative news website says that slain Libyan dictator Muammar Gaddafi had contributed 50 million euros to French President Nicolas Sarkozy’s election campaign in 2007. In a report published on Monday, the Mediapart news website claimed that one of its journalists has seen documents...