Obama says his administration stabilised American economy

US President Barack Obama has said that his administration has stabilised the country`s economy, which is growing again and producing jobs.

Fearing job loss, 66% US workers skipped vacations

More than two-thirds of Americans did not avail of their full holidays in the whole of the year just gone-by due to fear of losing the job and intense work pressure, a survey has found.

British Airways posts 148 mn pound loss

Struggling British Airways said on Friday it slumped to a historic first-quarter pre-tax loss and warned the outlook remained uncertain as the global economic downturn slashes demand.