Washington – This week’s tax-cut compromise would contribute almost $1 trillion to the nation’s federal budget deficit over the next two years and add sharply to the mounting national debt, yet the U.S. Chamber of Commerce and mainstream economists cheered it. View full post on All Stories

Obama was due on Saturday to make a public statement on the pact with South Korea, which has been held up for three years because of U.S. auto and beef industry concerns. President Barack Obama on Saturday was expected to start building the case for approval of a free-trade agreement with South Korea that he [...]

AHN News Staff Moscow, Russian Federation (AHN) – Russian President Dmitry Medvedev warned that Europe could end up in a new arms race in the following decade if Moscow fails to reach an accord on missile defense cooperation with the West. His comments came during a state-of-the-nation speech in Kremlin on Tuesday. The president received [...]

AHN News Staff Dublin, Ireland (AHN) – European ministers have agreed to grant a bailout of $113 billion to the Irish Republic to tackle its financial crisis. Some $46 billion will be given to reinforce the Irish banking system, while the remaining $67 billion will be given to the government for its daily spending. The [...]

DUBLIN (AP) – An Irish government minister said Saturday he expects an agreement within the next 24 hours on an EU-IMF bailout loan for Ireland worth approximately $115 billion, but he rejected reports that the aid could come with a punitively high interest rate. Communications Minister Eamon Ryan said all sides in the 10-day-old financial [...]

AHN News Staff Caracas, Venezuela (AHN) – In what could be the largest joint investment between Italy and Venezuela, energy giants of both countries have signed an agreement to develop crude oil fields and to construct a refinery. The $17 billion deal was signed between Italian energy company ENI and Venezuelan state-owned oil company Petroleos [...]

U.S. President Barack Obama was instrumental at the recently concluded 2-day Summit in Lisbon, Portugal. In which NATO was placed on a fresh-start with Russia that paved the way for renewed diplomatic relations between Washington and Moscow. View full post on All Stories

What is the main purpose behind availing a loan? In most cases, the funds derived through a loan are meant to overcome the shortage of funds, so that you can tackle all your needs and demands. However, availing numerous loans at the same time and failing to make timely repayments will only hurt your credit [...]

AHN News Staff Baghdad, Iraq (AHN) – Nearly eight months after Iraq’s disputed elections, political rivals of the country on Sunday agreed on a power-sharing deal. Government spokesman Ali al-Dabbagh announced that the political parties reached an agreement under which Jalal Talabani would continue as head of state and Nuri al-Maliki would stay on as [...]

Attorneys for Canadian Omar Khadr, held by U.S. authorities since he was 15, said Sunday that a last-minute plea deal could still halt the first war-crimes trial under President Obama. View full post on All Stories

AHN News Staff Tokyo, Japan (AHN) – Japan’s popularity is apparently rising in the Asian region against China especially with developing power India, as a civilian nuclear deal between Tokyo and New Delhi is in the cards. The two nations are also likely to work on boosting trade relations between them. Indian Prime Minister Manmohan [...]