International

• Saturday, June 26th 2010 - 05:47 UTC

  Toronto G-20: Germany’s Merkel emphasizes “mutual understanding” with US

  

  Germany's Chancellor has insisted that Europe's leaders are making good progress in talks with the US about how to bolster fragile economic growth. Angela Merkel told journalists at the G8 summit in Canada there was “mutual understanding” with President Obama over deficit reduction plans. Leaders are attending summits of the G8 and G20 groups of leading states.

• Saturday, June 26th 2010 - 05:16 UTC

  “China playing games” with the announced Yuan flexibility, says Krugman

  

  Nobel laureate Paul Krugman said China’s pledge to make the Yuan more flexible was an “exercise in bad faith” intended to fend off international pressure for a stronger currency at this week’s Group of 20 leaders’ summit.

• Saturday, June 26th 2010 - 05:13 UTC

  China says there is no basis for major appreciation of the Yuan or raising rates

  

  Top Chinese financial officials defended the country’s current economic policy and stated there was no need for a major appreciation of the currency or an increase in interest rates since inflation was declining.

• Thursday, June 24th 2010 - 06:07 UTC

  G-20 summit: EU wants timetable to scrap stimuli; US warns recovery is still weak

  

  The European Union (EU) has urged the G20 club of nations to agree when to scrap their economic support packages. The EU said a coordinated exit from stimulus measures would help restore confidence and reduce the risk that some countries would be disadvantaged.

• Thursday, June 24th 2010 - 05:45 UTC

  UN reports advances in cutting extreme poverty

  

  The United Nations Secretary-General said Wednesday that despite the international food, fuel and financial crises, there has been progress toward meeting the Millennium Development Goals, or MDGs, of cutting extreme poverty in half by 2015.

• Thursday, June 24th 2010 - 05:35 UTC

  China’s constructive role in global economic and financial affairs

  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.

• Thursday, June 24th 2010 - 04:24 UTC

  Spanish Parliament supports Gibraltar’s bunkering operations

  

  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.

• Thursday, June 24th 2010 - 04:00 UTC

  Strong austerity measures anticipate Spain will slip back into recession

  

  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.

• Thursday, June 24th 2010 - 02:27 UTC

  Soros warns that Germany’s policies threaten the Euro and European Union

  

  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.

• Thursday, June 24th 2010 - 02:24 UTC

  Lack of compromise questions credibility of International Whaling Commission

  

  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.