Nicolas Sarkozy, the president of France, defended the integrity of the euro currency at the World Economic Forum in Davos, by asserting that neither his country nor Germany will permit it to fail.
A small explosion was set at a hotel near Davos (World Economic Forum), according to Swiss police.
The executive summary of themes to be discussed at World Economic Forum Annual Meeting to be held Jan. 26-30 2011 in Davos, Switzerland.
Northeast Asia's booming economy and its largely untapped youth market are the cornerstone of South Korea's 2018 bid to host the first Winter Olympics in the region for 20 years, its bid chief said.
Rules are needed to curb speculation in surging commodity prices as the world heads towards a food crisis that threatens political instability, the head of the U.N.'s food agency said.
President Nicolas Sarkozy will spell out his plans for reforming the international monetary system and curbing volatility in food and fuel prices on Monday in a keynote speech on France's year-long G20 presidency.
The presidents of the United States and the United States’ oldest ally, France, met today in Washington, and offered condolences to each other for recent violent tragedies suffered by each nation.
John Lipsky, the first deputy managing director of the International Monetary Fund (IMF), has said 2011 will be a pivotal year for the global economic recovery and for international policy cooperation, adding that it's also a crucial year for the Fund as it will try to address these principal challenges.
Douglas C. Borthwick, Managing Director of Faros Trading, reviews the global currency markets from 2010 and provides some outlook and guidance for 2011
South Korean President Lee Myung-bak was forceful, even bellicose, in speaking about North Korea on Monday. But on Wednesday, Lee struck a conciliatory note, expressing a desire for dialogue with his country's difficult neighbor to the north
France wants a wide international debate as it takes over the G20 presidency to drive its plans for an overhaul of the global monetary system and economic governance, Economy Minister Christine Lagarde said on Saturday.
Dictatorships are faster and more efficient than democracies, which can be bogged down by long-drawn out debates among deeply polarized political parties who can't seem to agree on anything.
European bankers will be subject to limits on bonus payments they receive starting next year. Meanwhile, in Ireland, politicians are seeking to impose a 90 percent “super-tax” on bank bonuses
In a CBS interview, Federal Reserve Chairman Ben Bernanke took shots at foreign critics who openly bashed QE2 in the days leading up to the November 11 G20 Summit.
President Nicolas Sarkozy urged India on Saturday to support France's agenda of reforming the global monetary system during its presidency of the G20 and hinted a nuclear deal could be signed on his trip.
U.S. and South Korean negotiators reported progress on their pursuit of a free trade deal on Friday, including an agreement regarding autos.
In a strategic move to delink from North Korea, the South has dumped the decade-old Sunshine Policy that was ushered in to eventually achieve the unification of both Koreas.
On the sidelines of the G-20 Summit in Seoul, city mayor Oh Se-hoon, in an interview with IB Times speaks about his agenda for the city’s future, the recognition received by the Seoul Metropolitan Government for carrying out public participation in governance successfully and more.
The Organization for Economic Cooperation and Development (OECD) said that economic activity in its member countries will gradually pick up steam over the coming two years, but the recovery will be uneven and unemployment will remain persistently high.
Former hedge fund manager Jim Cramer said he can't convince Americans that their government's choice to get this economy moving again is to debase its currency, so [they] need another currency, namely gold.
How much was accomplished at the just-concluded G20 summit in Seoul, South Korea likely depends upon whom you are asking. While some observers feel the summit cannot really do anything to address the fundamental differences between diametrically opposed economies (see: U.S. vs. China), others feel that progress of any such summit has to be measured in slow, patient doses.
WTO director-general Pascal Lamy said statements from G20 and APEC leaders last week “provided a clear signal that they expect the Doha Development Round to be a deliverable next year.”
