Leaders representing 85 percent of the world’s economic output were gathering Thursday in a U.S. city that has reinvented itself, hoping to bolster the global economy
G-20 leaders meet to bolster global economy
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Economic summit comes year after financial meltdown
As the leaders of the world’s industrial powers gather this week in Pittsburgh, Pennsylvania, their economies are starting to emerge from the shadow of the worst financial downturn since the Great Depression. A year ago, global markets were in free fall as governments moved to prop them up, sometimes nationalizing financial institutions and automakers.
Brown: No room for ‘economic complacency’
British Prime Minister Gordon Brown has told a meeting of G-20 finance ministers in London that there is no room for “economic complacency” despite signs of a nascent global recovery.
Iraq, Syria pull ambassadors as bombing suspects sought
The Iraqi government, seeking the handover of two suspects in last week’s bombings, on Tuesday summoned home its ambassador to Syria. Hours later, Syria’s state-run news agency SANA reported.that Syria had decided to pull its ambassador from Iraq.
President Ahmadinejad Alienating Allies in Iran
Mahmoud Ahmadinejad doesn’t seem to have many fans left. Just days before his Aug. 5 inauguration to a controversial second term, Iran’s President finds himself in a critical struggle over his political future.
Even with a New Government, Conditions in Zimbabwe Worsen
Tatenda Majiri, 22, hoists a calabash of home-brewed beer with some authority while discussing news of the day. But he has no confidence in the future. The social work student says he has lost hope of going back to school because the government-owned University of Zimbabwe has been closed since last year.
Mugabe rivals to lead battle to fix economy
Zimbabwean opposition leader Morgan Tsvangirai has picked his party’s secretary-general to hold the difficult and important post of finance minister, he said Tuesday. The announcement came as Tsvangirai announced which ministries his party will hold in a new unity government to be formed with President Robert Mugabe’s ZANU-PF party this week.