November 13, 2010 |
The United States apparently will have to go it alone in dealing with its fragile economy and near-double digit unemployment after the Group of 20 summit ended Friday with no commitment to immediate action to reduce trade and currency tensions. A U.S. proposal to set numerical limits on trade surpluses and deficits was rejected. Leaders of the world's 20 biggest economies pledged only to develop "indicative guidelines" to assess imbalances in the first half of 2011. They also refused to endorse a U.S. effort to force China to raise the value of its currency.
August 1, 2009 |
Iraq and the United States, at odds for decades over the gravest matters of war and peace, have a new point of conflict: a humble travel bulletin. During Iraqi Prime Minister Nouri Maliki's recent visit to Washington, Iraqi officials complained to senior U.S. officials that the State Department's advisory for American travelers was painting too dark a picture of Iraq and scaring away U.S. investment, Samir Shakir Mahmoud Sumaidy, Iraq's ambassador to the U.S., told reporters Friday.
April 10, 2009 |
Chevron Corp. said Thursday that its earnings would be sharply lower for the first quarter because of falling oil and natural gas prices. Like others in its industry, Chevron, the nation's second-largest oil company, has struggled with wide swings in crude prices. Benchmark crude rose to more than $147 a barrel last year before plunging below $35 this year. Chevron's first-quarter results will include charges of about $100 million in write-offs related to exploration.
March 12, 2006 |
China must sharply improve environmental protection or it could face disaster after two decades of breakneck growth that have poisoned its air, water and soil, the country's top environmental official said Saturday.
December 11, 2005 |
Despite the Bush administration's resistance, nearly every industrialized nation agreed Saturday to talks aimed at producing a new set of binding limits on greenhouse gas emissions that would take effect in 2012. The Bush administration, which rejects the emissions cutbacks required by the current Kyoto Protocol, accepted a second, weaker conference decision, agreeing to join an exploratory global dialogue on steps to combat climate change.
October 2, 2004 |
The shock of oil above $50 a barrel Friday prompted the world's richest nations to call for a little help. Finance ministers from the world's wealthy nations, warning that high oil prices posed a threat to the global economy, urged producing and consuming nations to take steps to bring supply and demand in balance. Leaders of the Group of 7 industrial nations also called for more flexibility in exchange rates, a message that appeared to be aimed in part at Chinese currency policies.