The Greek government's controversial austerity measures will not be sufficient for the deficit target required for an international bailout package, official figures have shown.
The unemployment rate in the United States for October rose to 10.2 %, its highest level in 25 year according to the Department of Labor. The monthly data was worse than expectations, with forecasters expecting a 10% jobless rate.
The Swedish appliance maker Electrolux has announced it is going to close two plants in the United States. The company has also reported a 92 percent rise in profits for the third quarter.
