latest world business news

Employment probably shifted into a higher rate in January to post a fourth straight month of gains , offering more evidence of a broadening economic recovery in United States of America (USA), though the jobless rate likely rose. The government is expected to report on Friday that nonfarm payrolls grew 145,000 , according to a Reuters survey, after adding 103,000 in December. But severe snow storms that slammed large parts of the nation could result in a much lower figure. All of the anticipated job gains are expected to have been generated by the private sector and would add to other data suggesting that the manufacturing-driven recovery is now spreading to other sectors of the economy. The Labor Department will release its closely watched employment report at 8:30 a.m. ET. " All the signals are pointing to a much improved labor market compared with last year and a strong payrolls report would be a nice confirmation that things are certainly headed in the right directi

Most of its residents left, the school closed, the city government was disbanded and starting this week nearly every commercial building in Picher, Oklahoma, will be demolished. But the owner of the last-remaining open business in Picher, which has been vacated over the years because of lead contamination, is not ready to go. "It's not time for me to leave yet," said Gary Linderman, owner of Old Miner's Pharmacy in what is left of central Picher, located in the northeast corner of the state. "I have an obligation to people. We are all creatures of habit and closing might throw them off." In addition to providing prescriptions, the pharmacy is the only place left in town to buy snack food, beverages, over-the-counter medicine and other necessities. Linderman declined a buyout from the federal government, which declared Picher a hazardous waste site in 1981 and has bought out about 900 homeowners and businesses. Crews demolished a funeral home, restaurant

A good number of countries is highly dependent on Electricity generated from Coal. South Africa is on the top of the countries which produces electricity from coal.  South Africa has been producing 93.00% of its total electricity demand from coal. Some other top countries those are using coal as source of electricity are: Poland    92%,     PR China    79%, Australia    77%, Kazakhstan    70%,    India    69%, Israel    63%, Morocco    55%,        Czech Rep    60%, Greece    52%,        USA    49%,        Germany    46%.

The economic outlook for nine U.S. Midwest and South-Central states slumped for a third consecutive month in August, pointing to slower growth as the potential for a double-dip recession rises, according to a survey of supply managers released on Wednesday.   Creighton University's Business Conditions Index fell to 55.8 in August from 60.8 in July. A reading of 50 is considered growth neutral, while readings above that signal expansion over the next three to six months.   Just over a third of the survey's respondents said it was likely or very likely the U.S. economy will slip back into a recession in 2011, while 44 percent said there was a 50 percent chance of that happening. Still, the Mid-America region looks stronger than the national economy, said Creighton University Economics Professor Ernie Goss. "Over the past several months, for example, the region has been adding jobs at a very healthy pace while U.S. job growth has been nil," he said in a statement.

Residential area submerged due to Hurricane Earl in USA U.S. residents urged to prepare for possible evacuations as powerful Hurricane Earl howled over open seas running toward the East Coast of the U.S.A. The Category 4 hurricane, with winds of 135 mph (215 kilometers), was expected to remain over the open ocean before turning north and running parallel to the U.S. coast, potentially reaching the North Carolina coastal region by late Thursday or early Friday. It was projected then to curve back out to sea, perhaps swiping New England or far-eastern Canada. "We can't totally rule out a very close approach to either of the Cape Hatteras areas or Cape Cod and southern New England as the storm progresses further," said Bill Read, director of the U.S. National Hurricane Center in Miami. Earl delivered a glancing blow to several small Caribbean islands Monday, tearing roofs off of homes and cutting electricity to people in Anguilla, Antigua, and St. Maarten. Cruise ships were