Two days of wide-ranging economic and political talks between the United States and China wrapped up in Beijing with no major agreements announced but both sides said they had candid discussions and reaffirmed their commitment to building a strong and enduring relationship.
The European Central Bank drained 26.5 billion Euros in one-week funds from Euro-zone money markets on Tuesday, in line with its aim. The operation aims to offset purchases of government bonds by Euro zone central banks.
Top trade officials from Korea, China and Japan agreed Sunday to forge a three-way investment treaty this year as part of efforts to spur economic partnership among the three nations, announced the Korean Ministry of Foreign Affairs and Trade.
Argentina rejected Monday Britain’s complaints about maritime controls in the South Atlantic and again condemned the “unilateral and illegitimate acts” of the UK regarding hydrocarbons exploitation in the continental shelf of the Malvinas/Falklands, South Georgia and South Sandwich Islands.
The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.
English football star David Beckham this week visited Camp Bastion, the main British base in Afghanistan for a goodwill visit to meet British and US Armed Forces.
Less than a fortnight after the Conservative-Liberal Democrat coalition took power in Britain, Chancellor of the Exchequer George Osborne outlined plans to cut £ 6.2 billion pounds (8.92 billion USD) from government spending to help reduce the budget deficit.
A cruise ship made famous by a German Love Boat TV show caught fire Sunday, forcing 607 people aboard to evacuate in a western Norwegian port, rescue officials said.
US Secretary of State Hillary Clinton pressed for greater commercial access for US businesses in China on Sunday, urging Beijing for a “level playing field”. Ms Clinton spoke to US and Chinese business executives in Shanghai, following a tour of the World Expo.
With the Euro-zone crisis renewing fears over another financial crisis, economic pessimists have again regained stage, among them Nouriel Roubini professor at the Stern School of New York University (NYU).