Berlusconi steps down as Italian Parliament approves austerity measures

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
On late Saturday Italian premier Berlusconi resigned after dominating in politics for almost twenty years. Former PM submitted his resignation to Greece's President Napolitano, after the Chamber of Deputies approved austerity measures to reduce national debt and stimulate economic growth. Napolitano is going to ask new PM Mario Monti to establish a new government.

 

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Mon, 14 Nov 2011 07:56:19 GMT

Syria excluded from the Arab League

On Sunday Syria was excluded from the Arab League for failing to stop violence against protesters. Syria was abandoned two weeks after Bashar al-Assad's parliament proposed a plan that should end aggression. Syria is the second country after Libya that has been suspended from the Arab League this year. According to Theodore Karasik, the Institute for Near East and Gulf Military Analysis executive, the situation follows

Mon, 14 Nov 2011 10:12:53 GMT

US job loses claims are falling

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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