Spain warned Monday that the government's deficit for last year could be even higher than it predicted just days ago. Spain's new conservative government last week projected the 2011 deficit at 8 percent of the country's annual output of goods and se...
TEHRAN, Jan. 2 (Xinhua) -- Iran successfully test-fired long- and short-range missiles during its military drill in the Strait of Hormuz on Monday, state media reported. The launch of the missiles came one day after the Islamic republic test-fired an...
BEIJING, Dec. 30 (Xinhua) -- China will push to properly resolve the case of a Chinese skipper indicted by Japan, the Foreign Ministry said Friday. Spokesman Hong Lei said this is a common fishing case, and the Chinese embassy in Japan has dispatched...
After a tough year in which the global economy faced one headwind after another, U.S. economists are weighing in on what is in store for 2012. When it comes to the U.S. budget, unemployment and the crisis in Europe - many believe 2012 will bring more...
Spain is getting ready to start the new year with a new round of austerity measures, hoping to contain a growing deficit. The country's new government announced $11.5 billion in fresh spending cuts Friday, saying the budget was in worse shape than th...
Iran says it will fire long-range missiles on Saturday as part of military exercises in the Gulf. The announcement on Friday was made on the heels of heightened tensions between Iran and Western powers over Tehran's threat to block oil shipments thro...
PARIS, Dec. 29 (Xinhua) -- Former AC Milan and Chelsea boss Carlo Ancelotti is expected to be confirmed as the new coach of Paris Saint-Germain in a press conference on Friday, announced the Ligue 1 club Thursday. Ancelotti has been in talks with the...
MADRID, Dec. 29 (Xinhua) -- Spanish first division league giant Real Madrid returned to training on Thursday after an an eight-day Christmas break. Real said in a statement that Portuguese winger Cristiano Ronaldo and the rest of the squad all return...
GABORONE, Dec. 29 (Xinhua) -- Not many years ago, Botswana was an unknown entity in the world of soccer. Perhaps the only thing the landlocked Southern Africa nation was known for was its peace, and the pretty little stones - diamonds, not the popula...
BEIJING, Dec. 29 (Xinhua) -- Chinese authorities broke up more than 1,800 dens that made or sold counterfeit drugs in cases that involved 3.35 billion yuan (530 million U.S. dollars) in a two-year crackdown, according to the State Food and Drug Admin...
Iran has rejected a U.S. warning against blocking oil shipments through the strategic Strait of Hormuz, as a war of words between the two countries continues. Iran's semi-official Fars news agency Thursday quoted Revolutionary Guard commander Hossein...
Credit rating agency Standard and Poors has revised Nigeria's economic outlook from stable to positive. In a statement, the rating agency says the Nigerian government, under President Goodluck Jonathan, has undertaken several important reform initiat...
CHICAGO, Dec. 29 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange slipped for the sixth consecutive session on Thursday, as the dollar's rally muted demand for precious metals as an alternative investment. The most a...
LOS ANGELES, Dec. 27 (Xinhua) -- The nomination ballots for 84th Annual Academy Awards were mailed Tuesday to the 5,783 voting members of the Academy of Motion Picture Arts and Sciences (AMPAS), the academy announced. The voters have until Jan. 13 to...
LONDON, Dec. 27 (Xinhua) -- In-form goalkeeper Wayne Hennessey inspired Wolves to fight back in a 1-1 draw at Arsenal on Tuesday while Tottenham Hotspur maintained the Premier League's title hope after brace-scoring Gareth Bale gifted them a late 2-0...
