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World NowThe Iranian currency plunged to a record low on Monday, plummeting to a street value of 32,500 rial to the dollar, according to exchange tracking websites. The dramatic numbers were censored and disappeared from websites minutes after they were posted...
World NowProtesters clash with police in downtown Athens; Greek government cuts labelled unfair and a burden on the poor....
They shop, they drink, they dine, they kvetch. They turn otherwise ordinary rooms into polished interiors, and then ... they go shopping again. They are the stars of “Million Dollar Decorators,” the Bravo reality series that started its second...
Tags: David Mamet, Steve Martin, Ryan Murphy, Sandra Lee, Kmart
Sharp Corp., once a titan among Japanese electronics manufacturers, now isn’t sure it’ll be able to crawl out of a financial pit made deeper by ruthless competition and relentless losses. Reporting yet another round of dismal earnings, the...
Tags: Sharp Corp, Investments, Sony Corp., Tokyo (Japan)
Los Angeles TimesDear SOS: Euro Pane on Colorado Boulevard in Pasadena has the most delicious spiced pear cake. It is moist and truly delicious with a hint of ginger. I would love to re-create it at home. Could you get the recipe for me? Lynda Jenner Pasadena Dear...
Mario Draghi, president of the European Central Bank, pledged Thursday that the institution “is ready to do whatever it takes to preserve the euro,” sending financial markets soaring around the world. The Dow jumped more than 250 points in...
World NowHollande, Merkel vow to protect the euro: The leaders of Europe’s two biggest economies pledged Friday to “do everything to protect” the continent’s common currency, whose long-term survival has come under fresh doubt from...
World NowGlobal Focus: It's been more than two decades since the Iron Curtain fell and Europeans embarked on an ambitious mission to build a powerful economic, political and social union in place of the Cold War divide. And for more than two decades, Germans...
World NowEuropean Central Bank chief Mario Draghi vowed Thursday that the euro common currency is "irreversible," but the bank's decision to not ease borrowing costs for heavily indebted Eurozone members such as Spain and Italy drove markets into renewed turmoil.....
The European Union’s executive body is calling for a “banking union” to centralize efforts to deal with the region’s economic turmoil – especially in Spain, which is racked by high unemployment and severe debt. It’s...
The European Central Bank is keeping its benchmark interest rate steady at 1%, handing off the responsibility of righting the struggling Eurozone to its disparate governments. Mario Draghi, the bank’s president, said Wednesday that although the...
Chancellor Angela Merkel says her country is a lot of things, including “the economic engine and … the anchor of stability in Europe.” But what Germany is not, she said, is Superman, sweeping in with euro zone deposit guarantees and...
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