LONDON - One of the most intriguing aspects of the G20 declaration just issued is the agreement "to meet again before the end of this year". There'll be another save-the-world summit within nine months.
LONDON - Gordon Brown and his fellow world leaders have pledged the biggest crackdown on tax havens, hedge funds and banks in modern history as the price to be paid for the multi-trillion dollar bail-out of the world economy.
LONDON - The Prime Minister claimed to have struck a "historic" deal to end the global recession as he unveiled plans to plough more than $1 trillion into the world economy. "This is the day that the world came together to fight back against the global recession," he said. "Not with words but with a plan for global recovery and reform."
UK - Banks have been nationalized, manager bonuses limited and huge public debts accumulated. Indeed, about the only element of recent economic thought that remains taboo is blind faith in free trade. That might be a mistake.
USA - The United States will push hard for Palestinian statehood despite a new rightist government in Israel but anticipates a rough road ahead, a US official said on Thursday.
USA - The US and South Korea on Thursday warned North Korea not to proceed with a planned satellite launch, as Pyongyang threatened a "fiery bolt of retaliatory lightning" if Japan tried to shoot down the rocket.
LONDON - Leaders of the world's largest economies have reached an agreement to tackle the global financial crisis with measures worth $1.1 trillion (£681bn). To help countries with troubled economies, the resources available to the International Monetary Fund (IMF) will be tripled to $750bn.
LONDON - In a letter to the Financial Times ahead of the G20 summit, a group of prominent economists, including the Nobel Prize winner Joseph Stiglitz, said that the main test of the summit would be how it helped the poorest.
LONDON - The International Monetary Fund looks like the big winner in the G20 summit, with huge increases planned in its resources and new roles. But what does it do, and how will its role change in the future?
LONDON - The meeting on Wednesday between Barack Obama and Hu Jintao, his Chinese counterpart, on the sidelines of the G20 summit had been described by some as "the G2" and marked the first encounter between the two men.
USA - The sunspot cycle is behaving a little like the stock market. Just when you think it has hit bottom, it goes even lower.
ISRAEL - In what has become somewhat of a tradition for incoming prime ministers on their first day in office, Prime Minister Binyamin Netanyahu visited the Western Wall and spoke with the US president on Wednesday - not necessarily in that order.
WASHINGTON — The massive programs designed to rescue the nation's financial sector are operating without adequate oversight, with vague goals and limited disclosure of their details to the taxpayers who are paying for them, government watchdogs told a Senate panel Tuesday.
NEW YORK - Job losses in the U.S. private sector accelerated in March, more than economists' expectations, according to a report by ADP Employer Services on Wednesday. Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.
USA - The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.