soaring

Another 2.6 million people slipped into poverty in the United States last year, the Census Bureau reported Tuesday, and the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it. more...

Australia's strong currency struck a heavy blow to the nation's manufacturing industry on Monday when BlueScope Steel, its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and slash 1,000 jobs. more...