Archive for the ‘Credit Cards’ Category

Public sector strike in Botswana hurting poorest

GABORONE, Botswana (IRIN) – Patients and schoolchildren are emerging as the biggest losers from a strike by public service workers in Botswana which is entering its sixth week. Close to a 100,000 public servants, including about 1,500 considered essential workers, are staying away from their posts while government and unions tussle over salaries. Medical practitioners [...]

Greece prepares large cuts in public sector wages to meet bailout terms

Vittorio Hernandez – AHN News Athens, Greece (AHN) – The Greek government is preparing tougher belt-tightening measures as it attempts to meet the terms of the country’s $110 billion (EUR 78 billion) bailout. Prime Minister George Papandreou rejected debt restructuring ahead of a Monday cabinet meeting to tackle austerity measures, which includes tax hikes and [...]

China imposes export quotas on rare earths needed for manufacturing high tech items

Linda Young – AHN News Writer Beijing, China (AHN) – Tight new controls on rare earth minerals were announced by China’s State Council on Thursday, which issued a national guideline for the industry. World-wide high demand for rare earth minerals, which are essential in high tech manufacturing of electronics, has caused rapid development of mining [...]

Unemployment claims decrease to 409,000

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Initial jobless claims declined by 29,000 to 409,000 for the week ending May 14 compared to the previous week’s tally of 438,000 claims. That is still above the 400,000 mark. Analysts say first time unemployment compensation insurcance claims must drop below 400,000 and [...]

Giants defensive tackle Chris Canty counting on football this fall

John Nestor – AHN Sports Correspondent new york, ny, United States (AHN Sports) – Count New York Giants defensive tackle Chris Canty among those who feel that there will be NFL football this fall. Canty for one feels that the labor impasse will be over soon enough and the season will get started when it [...]

McDonald’s Europe replaces human cashiers with touch screen terminals at 7,700 outlets

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – McDonald’s Europe will replace its cashiers with touch screen terminals and swipe cards at 7,700 outlets across the continent. The move seeks to improve service and ensure the fast flow of diners amid difficult economic times. McDonald’s Europe President Steve Easterbrook estimated that the [...]

California impasse continues with revised budget plan

Kris Alingod – AHN News Contributor Sacramento, CA, United States (AHN) – The impasse over extending taxes continues in California despite a revised budget plan from Gov. Jerry Brown that relies on an unanticipated rise in revenue. Republicans have insisted on an alternative plan that would cut compensation for state workers by 10 percent. The [...]

Brown to unveil revised California budget, tax proposal

Kris Alingod – AHN News Contributor Sacramento, CA, United States (AHN) – California Gov. Jerry Brown on Monday was set to unveil an updated budget plan to close a record $26.6 billion deficit while taking into account better-than-expected April tax receipts and Republican opposition to a June ballot on tax extensions. The announcement will come [...]

British think tank warns household incomes to drop to 2005 levels

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British households have lost about $750 (GBP 500) in the past 12 months, according to a study by the Institute for Fiscal Studies released on Friday. It is considered the largest drop in household income since 1981, and is equal to what households made [...]

British Airlines labor to vote on deal to end dispute

Linda Young – AHN News Writer London, United Kingdom (AHN) – British Airways and the Unite union have hammered out a deal to end a long-standing that now only awaits ratification by the ballot vote of nearly 10,000 cabin crew members. Ratification looks likely because 2,000 cabin crew members of the British Airlines Stewards and [...]

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