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German Pirate Party wins seats in regional vote as Merkel allies slide
By Kate Millar BERLIN — German Chancellor Angela Merkel’s party received an electoral boost Sunday in a regional vote which also handed her coalition allies a big defeat ahead of national elections in 2013. In the first of three quick-fire votes in eight weeks, the pro-business Free Democratic Party (FDP)…
Wen says China has no intention to ‘buy Europe’
China’s Premier Wen Jiabao said Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken eurozone economies. China is “willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy…
Time for women to rise up, urges Desmond Tutu
DAVOS, Switzerland — After the uprisings in the Arab world, South Africa’s veteran Nobel laureate Desmond Tutu said Wednesday it was now time for women to have their revolution and banish men to the margins. Speaking at a gathering of the world’s political and financial elite in Davos, the vast…
Merkel to meet IMF chief in euro crisis flurry
German Chancellor Angela Merkel was due to meet IMF chief Christine Lagarde here later Tuesday for talks set to focus on Greece as it races to reduce its debt in a bid to secure more aid. A day after Merkel hosted French President Nicholas Sarkozy for their first tete-a-tete of…
France, Germany seek support in scramble to save euro
France and Germany drummed up support for their plan to fix the eurozone on Thursday as European leaders geared up for a do-or-die summit to save the debt-laden currency union from collapse. With hours to go before the EU summit in Brussels, German Chancellor Angela Merkel and French President Nicolas…
Germany, France push for ‘fiscal union’
German Chancellor Angela Merkel kicked off a crunch week of talks on saving the euro by laying out a vision Friday for a “fiscal union” in Europe, ahead of a pivotal summit of EU leaders. A day after French President Nicolas Sarkozy said that Europe needed to be “refounded” in…
White House slams Benetton’s Obama kissing ads
WASHINGTON — The White House on Thursday slammed a new Benetton advertising campaign showing US President Barack Obama kissing Chinese and Venezuelan leaders smack on the lips. “The White House has a longstanding policy disapproving of the use of the president’s name and likeness for commercial purposes,” spokesman Eric Schultz…
Obama ‘deeply concerned’ at Europe market turmoil
U.S. President Barack Obama on Wednesday said he was “deeply concerned” at the turmoil in the eurozone that has spooked global markets amid growing fears about Europe’s debt crisis and anaemic growth. “I am deeply concerned and I have been deeply concerned. I suspect I will be deeply concerned tomorrow and…
China peace prize awarded to Russia’s Putin
A group of Chinese academics has awarded its version of the Nobel Peace Prize to Vladimir Putin, an organiser said Tuesday, pointing to the Russian Prime Minister as “outstanding in keeping world peace.” Putin beat other candidates such as German Chancellor Angela Merkel and Yuan Longping, a Chinese agricultural scientist,…
Chance of 2012 U.S. recession tops 50 percent
(Reuters) – The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank. While it is difficult to gauge the odds precisely, an analysis of leading U.S. economic indicators suggests…
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