World leaders put the finishing touches on plans to build a more stable global economy on Sunday but backed away from one-size-fits-all pledges as two years of crisis give way to an uneven recovery.
The first named storm of the Atlantic hurricane season is posing an uncertain threat to the Gulf of Mexico, even as efforts to contain the worst oil spill in U.S. history are set to ramp up.
With a global recession behind them, world leaders meeting on Sunday will seek to show they can bolster a fragile economic recovery while also cutting massive government debt levels.
The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
President Barack Obama was expected to focus on the Gulf of Mexico oil spill disaster in talks on Saturday with Britain's new leader, even as the first named storm of the Atlantic hurricane season threatened to disrupt containment and cleanup efforts.
World leaders neared agreement on Saturday to halve their budget deficits within three years but, fearing spending cuts would jeopardize a fragile recovery, they planned to allow each country to set its own pace.
The first named storm of the Atlantic hurricane season threatened on Saturday to veer toward the Gulf of Mexico within days, posing a new threat to containment and cleanup of the worst U.S. oil spill in history.
World leaders hoping to shore up a fragile economic recovery will leave it to individual countries to decide how best to repair battered budgets without stunting growth.
World leaders cast about for a common approach on Saturday to securing an uneven economic recovery that is showing signs of fading.
The world's richest economies, saddled with huge debts after spending their way out of the credit crisis, papered over differences on Friday on how to clean up their finances with minimal damage to growth.
President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
Stieg Larsson copycats take note: The slow rise of electronic books is paving the way for more safe-bet fiction blockbusters and serial-type books, at least in the short term, according to some book experts.
With a storm threatening to disrupt oil-siphoning efforts at BP Plc's blown-out Gulf of Mexico well, the U.S. Coast Guard on Friday said collection efforts would be suspended five days before the forecast onset of gale-force winds.
BP Plc's struggle to contain the Gulf of Mexico oil spill was nearing a potentially important stage on Friday even as worries about the soaring costs of the clean-up sent the company's shares nose-diving to a 14-year-low.
British Airways made a new offer to cabin crew on Friday in a bid to end a long-running dispute over pay and conditions before a ballot on further strikes next Tuesday.
Global merger and acquisition activity in 2010 is off to its worst start in six years, and with economic uncertainty and a sovereign debt crisis in Europe, the second half could be just as disappointing.
BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on talk it needs extra cash to fund the clean-up and compensation bill for the worst oil spill in U.S. history.
Increased demand from investors and steady depletion of Russian state stockpiles are likely to bring the palladium market into balance in 2010.
According to UK investment bank Barclays, despite an expected increase in supply, strong growth in investment demand, coupled with the possible exhaustion of Russian state supplies has the potential to balance the market in 2010, and even drive it into deficit.
With a distinct lack of any local economic data the Aussie dollar traded within a narrow band bouncing between 0.8670 and 0.8770 over the last 24 hours.
The United States said on Thursday world leaders must work to keep economic growth on track but Europe dug in its heels ahead of a G20 summit, insisting that now was the time to work on cutting costs.
