President Barack Obama headed to Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his global leadership.
The World Bank announced a $50 billion program on Tuesday to counter a decline in global trade and Britain called on G20 leaders to supply the oxygen of confidence to save the world economy from recession.
UK’s Birmingham City University has announced plans to offer a master’s degree on social networking sites like Facebook, Twitter and Bebo.
Five people suspected of planning to join protests against the G20 summit in London on Thursday have been arrested after weapons were found during a raid on a house in southwest England, police said on Monday.
Leading and emerging nations will commit this week to pursuing responsible economic policies that do not hurt each other's prospects with protectionism or currency devaluations, according to a draft G20 statement.
Stocks fell sharply on Monday as the Obama administration raised the specter of bankruptcy for U.S. automakers General Motors and Chrysler and Spain had to rescue regional savings bank CCM.
U.S. stock index futures pointed to a sharply lower open on Monday as the Obama administration threatened bankruptcy for two major U.S. automakers and Spain had to rescue regional savings bank CCM.
Center-left world leaders including Britain's Gordon Brown and Brazil's Luiz Inacio Lula da Silva on Saturday called for global financial reforms at next week's G20 summit, but the U.S. warned against over-regulation.
Thousands of people marched in Britain, France, Germany and Italy on Saturday to protest about the economic crisis and urge world leaders to act on poverty, jobs and climate change at a G20 summit next week.
He promised a grand bargain but British Prime Minister Gordon Brown's hopes of an overarching deal to pull the world out of recession look doomed even before the G20 crisis summit has started.
Japan edged closer to deflation, highlighting a threat to the world economy before next week's G20 summit where Europe and the United States may clash over stimulus plans, but seek common ground on regulating the financial system.
Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.
In a dry quarter for deals, two massive pharmaceutical transactions helped catapult Morgan Stanley to the top of the league in global adviser rankings, bringing it up from the tenth spot a year earlier.
Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.
Verizon Wireless will start selling a netbook -- a cheaper, more basic version of a notebook -- as early as next quarter, Bloomberg said, citing a person close to the project.
Sumner Redstone's National Amusements has received interest from strategic rivals and private equity firms for its U.S. and U.K. theater chains, two sources with knowledge of the auction said.
American International Group Inc , which has received $180 billion in U.S. taxpayer money, was subpoenaed on Thursday by New York's top legal officer for information on its credit default swaps contracts, sources familiar with the matter said.
AIG, the giant insurer bailed out by U.S. taxpayers, said on Thursday two top managers in Paris have resigned but will remain in place to oversee an orderly transition, reducing the risk of default on derivatives contracts.
Britain's attorney general ordered an investigation on Thursday into whether the security services played any role in the torture of a British resident recently released from the U.S. military's Guantanamo prison.
Britain's greenhouse gas emissions fell two percent in 2008, firmly putting the country on course to meet its targets under the Kyoto Protocol, the government's environment agency said Wednesday. Provisional statistics published by the Department for Energy and Climate Change (DECC) showed that total greenhouse gas emissions dropped to 623.8 million metric tons of carbon dioxide equivalent last year, down from 636.6 million metric tons in 2007.
Over 90 percent of Apple Inc's British iPhone users accessed mobile media in January including websites, e-mails, social networks and games, far higher than users of other mobile phones, research showed.
U.S. exports, which supported economic growth until collapsing at the end of 2008, are unlikely to fuel a rebound this year, a Federal Reserve official said on Thursday.
