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Cuban president Raul Castro has held talks with members of Congress in his first face-to-face meeting with US politicians since he became president last year. State television showed Mr Castro talking to members of the delegation, which is in Havana to explore ways of improving US-Cuban relations.
Ford Motor Co said on Monday it has slashed automotive debt by 38%, 9.9 billion US dollars, bolstering its finances amid a deep auto industry downturn. Markets reacted with Ford shares up over 15%.
During his first visit to a Muslim nation United States president Barack Obama said the US ”is not and will never be at war with Islam''. In an address to the Turkish parliament in Ankara on Monday, he called for a greater partnership with the Muslim world.
United States President Barack Obama, wildly popular the world over, said he isn't the globe's most admired politician: the title belongs to Brazil Lula da Silva
Another 663.000 United States workers lost their jobs in March, slightly more than the 658.000 that had been expected. The US unemployment rate has now hit 8.5%, up from 8.1% in February. Earlier this week, the IMF said it expects the unemployment rate in the developed world to nudge above 10% in 2010.
As G20 negotiations on a new regulatory blueprint bogged down, President Barack Obama pulled French President Nicolas Sarkozy and Chinese President Hu Jintao into a corner of a room in London’s Excel Centre, according to press reports from London.
United States senators from both parties, backed by activists and businessmen, began promoting a bill this week to lift travel restrictions to Cuba, and apparently have the necessary votes for approval.
United States President Barack Obama is in the United Kingdom for his first major foreign trip since taking office in January. In London he is to attend the G20 summit of the world’s 20 major economies representing 85% of global GDP, which is hosted by British Prime Minister Gordon Brown. The two will have breakfast talks in Downing Street on Wednesday followed by meetings with other world leaders.
President Barack Obama has given US carmakers General Motors (GM) and Chrysler strict deadlines to restructure before getting more aid. General Motors will be given 60 days and Chrysler just 30 days to submit new plans for recovery.
United States Vice President Joe Biden said that Washington would no longer dictate unilaterally to Latin America, and that it had entered a new era in the historically troubled relationship.