Tweet Washington: President Barack Obama’s administration Wednesday approved construction of the first offshore US wind farm near the Massachusetts coastline, backing a project fiercely opposed by locals, including the state’s late senator Ted Kennedy. The Cape Wind project is to be built in federal waters near the state’s upscale island of Cape Cod. The wind [...]

Tweet Washington: The US Federal Reserve continued to keep interest rates at a record low of near 0 percent to help fuel a recovery in the world’s largest economy. The Fed’s benchmark federal funds rate has been held at a 0-0.25-percent range since December 2008. A statement from the Fed’s board maintained language that rates [...]

Tweet New York : Continental Airlines, the fourth-largest US carrier, Thursday reported bigger-than-expected first-quarter losses as higher jet fuel prices raised operating costs. Continental CEO Jeff Smisek said he was disappointed with the results, which were impacted by “the weak economy.” In addition, the company’s operations were hampered by paralyzing snow storms this year. The [...]

Tweet Washington : The US has urged Thai security forces and anti-government protesters to refrain from violence following a series of explosions in Bangkok. US State Department spokesman P.J. Crowley condemned the violence and called on leaders of the United Front for Democracy Against Dictatorship (UDD) to “do the same”. “We also call on Thai [...]