Spanish surplus figures improve

Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...

Letta may abolish unpopular taxes

Italy's coalition government has promised to abolish some salaries and perks which are handed out to government ministers. A controversial property tax will also be abolished, or frozen, by the new government of Enrico Letta, who has also promised to do away with the double salary received by some parliamentarians. Before the election, it had been mooted by Letta's coalition partners that ...

India-EU BTIA conclude another round of negotiations

Chief negotiators of India and the European Union (EU) met here from May 15 to May 17 and concluded another round of negotiations for the India-EU Broad-based Trade and Investment Agreement (BTIA). An official press release said that all issues were put on the table for discussions. Negotiators on both sides felt that some positive movements have been accomplished, though they admitted that ...

Winning numbers drawn in Powerball jackpot

View Photo Associated Press/Gregory Bull - Joe Fajardo poses holding his Powerball lottery ticket after buying it at a store Saturday, May 18, 2013, in the Barrio Logan neighborhood of San Diego. With the majority ...

Investigators eye fractured rail in Conn. train crash

commuter train , injuring more than 70 people, investigators said on Saturday. Authorities have ruled out foul play in Friday's collision, which occurred during the evening rush hour between the towns of Bridgeport and Fairfield, about 50 miles northeast ...