EUROPEAN UNION

U.S. Should Lead Some Global Bodies: World Bank Chief

U.S. Secretary of State Hillary Clinton and World Bank President Robert Zoelick take part in a ceremony marking World Water Day at World Bank Headquarters in Washington, March 22, 2011.
A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.

G-20 Deal on Euro Zone Will Not be Reached This Weekend

Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria (L) speaks next to Mexican Finance Minister Jose Antonio Meade, on the sidelines of the meeting of finance ministers and central bank governors of the group
World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.
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Asian Shares Edge up, Weighed by Oil Price Concerns

Asian shares rose Friday as solid U.S. data improved sentiment, but the upside may be capped by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent gains.
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Coalition of Nations to Call for Syria Ceasefire, Aid Access

Western and Arab nations will demand that Syrian forces implement an immediate ceasefire to allow relief supplies to reach desperate civilians in cities such as Homs which has endured a 20-day bombardment when they meet in Tunis on Friday.

EU Airline Carbon Tax: Foes Agree on Tactics

Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war.
Euro zone economy to shrink in 2012

European Commission Predicts Recessionary 2012 For Euro Zone

The euro zone area will fall back into recession this year due to the contracting economies of Greece, Italy and Spain, the administrative arm of the European Union said Thursday, abandoning its earlier prediction that recession will be avoided.
Obama and Peres

Obama to Meet with Israeli President on Iran Issue

President Barack Obama has scheduled a meeting with Israeli President Shimon Peres for early March, in which the main topic of conversation will surely be Iran. Will it be practice for Obama's meeting with Netanyahu the next day?
EU and IMF

EU to Ask G20 to Back Increased IMF Funds

European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.

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