Syria excluded from the Arab League

Note: This section contains information in English only.
Source: Bloomberg

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 the Libyan path, though is more complicated.

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Mon, 14 Nov 2011 07:57:43 GMT

Japan's growth signals recovery

Japanese economy experienced growth for the first time since earthquake in March 11. Recovery was mainly boosted by increase in exports. According to Cabinet Office in Tokyo, Gross Domestic Product added annualized 6% from July 1 to September 30. Economic output of ВҐ543 trillion reached pre-earthquake level. Nevertheless, Kiichi Murashima, Citigroup Global Markets chief economist in Japan, predicts GDP to slow down in the 4th

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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