By Dr. Ye Yu, Assistant Director of the Institute for Comparative Studies affiliated to the Shanghai Institute for International Studies (Special for People's Daily Online).The Group of Twenty (G-20) Summit (*) has opened a new page in the management of global economy and financial system, and China has played an important positive and constructive role since the First G20 Summit was held in Washington D.C. in November 2008.
The Spanish Parliament voted Tuesday against a proposal urging a ban on the use of floating storage tankers in Gibraltar. The Popular Party motion before the Parliament’s Foreign Affairs Commission called on Madrid to ask the British Government to force Gibraltar to store all bunkering fuel on land.
The Spanish economy will slip back into recession in the second half of the year, a foundation supported by the country’s savings banks said in a publication released Wednesday.
Germany's budget savings policy risks destroying the European project and a collapse of the Euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview.
Attempts to agree a compromise between whaling nations and their opponents at the International Whaling Commission's (IWC) annual meeting in Morocco have failed. After two days of private discussions, delegates reported they had been unable to reach agreement on major issues.
Banks operating in the UK will be hit with a levy in a move set to raise more than £8bn over four years, the chancellor has announced -The levy is part of a joint move between the UK, France and Germany.
Spanish lawmakers Tuesday gave preliminary approval to labour reforms considered essential for slashing the soaring jobless rate, reviving the fragile economy and sending a strong message to nervous markets.
Spanish has 416 million native speakers, ahead of English but behind Mandarin, according to the latest report from Spain’s Cervantes Institute. Spanish is also the world’s second in international communication and is the third most common in internet.
Campaigners have unveiled a petition signed by more than a million people calling for maintenance of the global moratorium on commercial whaling. It was presented to Australian minister Peter Garrett outside the International Whaling Commission meeting in Morocco.
President Barack Obama has warned against cutting national debts too quickly as it would put economic recovery at risk. In a letter to G20 leaders, the US president said that while it was important to put in place credible plans to cut deficits, withdrawing economic stimulus early was dangerous.