 The economy grew at a 2.9 percent annual rate in the spring — better than first estimated but nowhere near the brisk pace logged in the winter, another sign of slowing business growth. Inflation marched higher. The latest snapshot of economic activity, released by the Commerce Department Wednesday, showed that gross domestic product in the April-to-June quarter increased slightly more than the 2.5 percent pace first reported a month ago. That upgrade mostly reflected an improvement in the country's trade picture and stronger inventory building by businesses. The upward revision, though, didn't change the big picture of the economy: In the spring, it slowed sharply from the first quarter's 5.6 percent pace, the strongest growth spurt in 2½ years, as consumers and businesses tightened the belt. ...
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Editor - 09:25:00 08-30-06
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 Iran's Khatami granted US visa |
| The United States has issued a visa to former Iranian President Mohammad Khatami, despite Washington's row with Tehran over its nuclear programme. Mr Khatami will be one of the most senior Iranian figures to vi.. full News |
Editor - 09:16:00 08-30-06
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| EU promises help with migrants |
| The European Commission says it will do more to help EU member states handle large flows of migrants. Justice Commissioner Franco Frattini was replying to a new appeal for help from Spain, which is struggling w.. full News |
Editor - 09:14:00 08-30-06
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| Alarm over missing South Asians |
| The international "war on terror" has led to new patterns of disappearances in South Asia, human rights group Amnesty International says. Hundreds of suspects had been removed without explanation in Pakistan, t.. full News |
Editor - 09:06:00 08-30-06
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| Gaza airstrikes, clashes leave 6 dead |
| Israeli forces launched airstrikes on the outskirts of Gaza City and exchanged gunfire with Palestinian militants Wednesday, killing six people, officials said.Israeli forces have been searching for smuggling t.. full News |
Editor - 08:58:00 08-30-06
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| Hackers steal AT&T customer data |
| Hackers have obtained the credit card details of almost 19,000 online shoppers from telecoms giant AT&T. The US company said it had notified shoppers at its online store of the security breach, which affected p.. full News |
Editor - 08:56:00 08-30-06
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| post The Good, The Bad and The Ugly |
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