SHARM EL-SHEIK, Egypt -- A summit of the Non-Aligned Movement opened at this Egyptian Red Sea resort town Wednesday with a call from Cuban President Raul Castro for a new international financial system to shield developing nations from the global ...Read More
Nov. 20 (Bloomberg) -- Malaysia’s economy shrank the leastin three quarters as government stimulus boosted consumption andthe global recession eased, strengthening an Asian recovery. Gross domestic product contracted 1.2 percent in the thirdquarter from a year earlier, after declining 3.9 percent ...Read More
Nov. 18 (Bloomberg) -- Canada’s inflation rate rose abovezero for the first time five months, ending the longest periodof falling prices since 1953, as a drop in gasoline priceslinked to a global recession ebbed. The consumer price index rose 0.1 percent ...Read More
With world leaders meeting in Rome to discuss ways to tackle global hunger, a new report by the U.S. Department of Agriculture finds more Americans than ever before are experiencing food insecurity.
The USDA report estimates that 49 million Americans had ...Read More
Nov. 16 (Bloomberg) -- Canadian factory sales increased lessthan expected in September, as automobile orders rose andaerospace continued to decline. Sales increased 1.4 percent from a month earlier to C$41.7billion ($39.8 billion), Statistics Canada said today in Ottawa.Economists surveyed by Bloomberg ...Read More
Nov. 16 (Bloomberg) -- A United Nations summit on foodsecurity opened with leaders slamming rich nations for worseningworld hunger by allowing speculation in agricultural markets andusing subsidies that hurt production in developing nations.
Pope Benedict XVI cited “greed which causes speculation ...Read More
ROME (AP) - World leaders at a food summit on Monday rallied around a new strategy to fight global hunger and help poor countries feed themselves, but failed to pledge funds sought by the U.N.
The summit approved its final declaration ...Read More
Tarek Kamel said Egypt today would apply for the new domain pronounced .masr and translated as "Egypt," but written in Arabic. The effort is part of a broader push to expand both access and content in developing nations, where the Internet ...Read More
WASHINGTON, Nov 15 (Reuters) - If the global recession is over, consumers must have missed the memo. High and rising unemployment, low confidence and blown savings have left households in much of the developed world feeling frugal -- and governments scrambling ...Read More
(For coverage of the APEC summit click [ID:nAPEC]) SINGAPORE, Nov 14 (Reuters) - Russia's President DmitryMedvedev called on nations to avoid protectionism and to removebarriers to trade, echoing other Asia Pacific leaders this weekin urging free trade to spur an economic ...Read More
(Repeats to fix link at top of story) (For full coverage of Obama's Asia visit, click [ID:nOBAMAASIA]) TOKYO, Nov 14 (Reuters) - U.S. President Barack Obama said on Saturday that developing nations must take "substantial actions" to curb their greenhouse gas ...Read More
TOKYO (Reuters) - U.S. President Barack Obama said on Saturday that developing nations must take "substantial actions" to curb their greenhouse gas emissions and that the world's top emitters must have clear reduction targets. He added in a major speech in ...Read More
SAO PAULO (Reuters) - Brazil could earn up to $16 billion per year to fund emissions reductions and Amazon rainforest protection by selling forest carbon credits, a Brazilian carbon markets expert said in an interview. Rich countries and developing nations will ...Read More
LONDON (AFP) – British Airways and Iberia of Spain reached preliminary agreement on merging to create one of Europe's biggest airlines, the pair announced, ending months of negotiations. The new airline would have 419 aircraft and fly to 205 destinations, after ...Read More
Nov. 11 (Bloomberg) -- At least nine U.S. states facesimilar fiscal strains brought on by the global recession asthose that left California on the brink of insolvency fourmonths ago, according to the Pew Center for the States. Arizona, Florida, Illinois, Michigan, ...Read More
The global B2B giant Reed Elsevier's CEO Ian Smith is leaving after just eight months in the position, and will be replaced by Erik Engstrom, currently CEO of Elsevier. No specific reason was given for Smith's departure, though the company ...Read More
Here's the bad news about the global recession potentially coming to an end:the recovery could spark a massive energy crisis with increased demand forfossil fuels from China and other developing countries, tighter oil suppliesand skyrocketing oil prices. And this is ...Read More
NEW YORK (Dow Jones)--The euro and other higher-yielding currencies remained stronger against the dollar in New York Monday morning, as U.S. stocks opened higher and investors continue to load up on what are considered to be riskier buys. The global rally ...Read More
NEW YORK (Dow Jones)--The euro remained strong against the dollar in early New York trading Monday, hovering around the psychologically important $1.50 mark, after rising global stocks suggested markets would shake off last week's disappointing U.S. jobs data and continue ...Read More
Nov. 9 (Bloomberg) -- Singapore’s central bank said it maybe “necessary” to implement more measures to counter real-estate market speculation, joining China and Hong Kong insignaling a need to rein in soaring property prices.
Demand for private homes has experienced “strong ...Read More
ST ANDREWS, Scotland (Reuters) - Rich countries and developing nations fought over climate change on Saturday, failing to make progress on financing ahead of a major environmental summit in Copenhagen next month.
Britain, which was hosting a meeting of G20 finance ...Read More
