GM, Chrysler offer buyouts and early retirement to workers

Tuesday, February 3, 2009 General Motors NYSE: GM (GM) and Chrysler have both begun to offer layoff packages to their workforces. The automobile manufacturers have been hard hit in the recent economic downturn and have been forced to seek federal aid from the U.S. government. Reports say that GM’s package includes a $20,000 cash payment and a […]

US stock markets reach 12-year lows

Thursday, March 5, 2009 US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating. The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of […]

African Union Summit ends in Accra

Wednesday, July 4, 2007The 9th summit of the Assembly of the African Union ended in Accra, Ghana just before midnight yesterday. The three day summit, which was scheduled to last until the afternoon of July 3 overran, ending just before midnight. The main issue discussed was the call for the setting up of a Pan-African […]

2018 Hawaii volcanic eruption

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