US President Barack Obama formally notified Congress that he plans a 1.2 trillion dollars increase in the US debt limit, setting the stage for Republicans to level election-year charges that deficits are out of control.
President Hugo Chavez called on Barack Obama to stop meddling in Venezuelan affairs, “leave us alone” and described the US leader as a clown and an embarrassment. Chavez is currently in Montevideo for the Mercosur summit.
President Barack Obama has accused the government of Venezuela of threatening basic democratic values ahead of elections next year. He added that close relations with Iran and Cuba did not serve the interests of the Venezuelan people.
Attempts to rescue the Euro will focus on a deal among the 17 nations that use the single currency, French President Nicolas Sarkozy said early Friday.
The Inter-American Development Bank (IDB) announced on Wednesday the unanimous approval of a 400 million dollar credit to Argentina in order to improve the infrastructure of the country’s poor neighbourhoods.
Venezuelan President Hugo Chávez laughed off a Benetton advertisement that showed him kissing his ideological adversary and US counterpart Barack Obama, admitting that it was a good joke.
The United States and European Union agreed on Monday to develop a plan to capitalize on already strong economic ties to create more jobs and fuel economic growth on both sides of the Atlantic.
President Barack Obama was encouraged by the constructive tone of a discussion about the South China Sea issue at an East Asia leaders' meeting in Bali, Indonesia, a senior US official said.
President Barack Obama said that the Asia-Pacific region will play a key role in defining the world's future. The United States is a Pacific power, and we are here to stay, he stated in a speech to the Australian Parliament, sending a clear message to Beijing.
Benetton, the Italian family-controlled clothing empire, looks set to raise a few eyebrows, as it unveiled a new worldwide communication “Unhate” campaign that features political and faith leaders like Pope Benedict XVI, German chancellor Angela Merkel, French president Nicolas Sarkozy, Barack Obama and Hugo Chavez kissing.