House subpoenas Global Crossing executives
Washington: The House Energy and Commerce Committee said on Thursday it had subpoenaed Global Crossing Chairman Gary Winnick to testify about deals that may have inflated revenue at Qwest Communications International.
Back to News Review index page  
EU publishes hit list for sanctions against US
Brussels: The EU said on Friday it could impose $4 billion of punitive duties on US goods from chewing gum and boiled sweets to parts for nuclear reactors in an increasingly tense trade row with Washington.
Back to News Review index page  
Greenspan warns deficits threaten economy
Washington: Federal Reserve Chairman Alan Greenspan said on Thursday the US economy has weathered shocks from falling stockmarkets, lower investment and the September 11 attacks so far, but he warned a swift return to government spending discipline was vital for economic health.
Back to News Review index page  
US jobless claims raise economy worries
Washington: Reports on Thursday emphasised troubling trends in two areas of the US economy that worry most economists -- trade and employment.
Back to News Review index page