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Beef recall announced over E. coli fears
PARIS, March 9 (UPI) -- The French government is aiming to cut spending by $6.5 billion in 2014 without cutting jobs, the prime minister said.
Prime Minister Jean-Marc Ayrault directed ministers to restructure their departments using "ambitious structural reforms," to accomplish the savings, rather than cutting jobs, Radio France Internationale reported Saturday.
The overall goal is to bring government debt to 3 percent of gross domestic product by 2017. The benchmark of 3 percent is one of the financial mandates for eurozone members.
With the Socialist party coming into power, the 2013 government budget already had austerity measures, cutting more than $16 billion in spending and increasing tax revenues by $50 billion.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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