G20 to replace G8 as global economic policy forumSeptember 25th, 2009 PITTSBURGH - Reflecting the growing economic clout of India, China, Brazil, and other fast-growing developing countries, the G20 will permanently replace G8, the once elite club of rich industrial nations, as a global forum for economic policy. The Group of 20 - leaders of 20 countries representing 90 percent of the world's economic output - meeting here for a two-day summit will make the announcement later Friday as they wind down their deliberations focusing on the financial crisis and how to avoid one in future, the CNN reported.
Obama to UN: Time for difficult work on climate change is at hand, global cooperation a mustSeptember 23rd, 2009 Obama pleads for harder work on climate changeUNITED NATIONS — President Barack Obama has implored world leaders to confront climate change, saying there can be no peace without cooperative work to preserve the planet. Appearing before global leaders gathered at the United Nations, Obama said Wednesday that "the danger posed by climate change cannot be denied — and our responsibility to meet it must not be deferred."
The president said "this is why the days when America dragged its feet on this issue are over." He said he understood the tempation of nations to put economic recovery from recession ahead of climate change work, but said that must not be allowed to happen.
Obama tells UN summit: Clean-planet polices can't be sacrificed on alter of economic growthSeptember 22nd, 2009 Obama: Clean planet, economic growth, can co-existUNITED NATIONS — President Barack Obama says the United States was slow to recognize the magnitude of climate change, but that Washington is moving swiftly to catch up. Addressing the U.N.
Economic development officials in Montana seek to assure residents about jail contractSeptember 16th, 2009 Montana officials assure residents about jail dealHARDIN, Mont. — Officials are trying to assure residents that a contract with a California company to operate a private jail in the small town of Hardin is legitimate.
Obama: Manufacturing growth an important sign of recovering economySeptember 1st, 2009 Obama: Manufacturing growth a good signWASHINGTON — President Barack Obama says a promising report on the state of U.S. manufacturing is a sign that the hurting economy is moving in the right direction.
Forecasters issue tropical storm watch for the North Carolina coast ahead of DannyAugust 28th, 2009 Tropical Storm watch for NC coast for DannyMIAMI — Forecasters have issued a tropical storm watch for the North Carolina coast ahead of Tropical Storm Danny. Forecasters say large swells are expected to produce dangerous surf and life-threatening rip currents along the U.S.
New tropical depression forms in Atlantic, Tropical Storm Felicia swirls in PacificAugust 11th, 2009 New tropical depression forms in the AtlanticMIAMI — A new tropical depression has formed in the Atlantic while Tropical Storm Felicia continues to move across the Pacific. The new tropical depression is only the second of the Atlantic hurricane season and has maximum sustained winds near 30 mph.
Obama says US and China share an interest in halting the spread of nuclear weapons.July 27th, 2009 Obama: US, China to work on halting nuclear spreadWASHINGTON — President Barack Obama says the U.S. and China have a shared interest in halting the spread of nuclear weapons.
Obama : world's full economic recovery 'still a ways off'July 10th, 2009 L'AQUILA, Italy — President Barack Obama said Friday the world apparently has averted economic collapse but "full recovery is still a ways off."
Obama, speaking at the end of the Group of Eight summit of major economic powers, said world leaders had taken significant measures to address economic, environmental and global security issues. He cited a "widespread consensus we must continue our work to restore economic growth and restore our financial regulatory systems."
Obama noted, however, that the leaders failed to agree on all issues, including global warming.
Chinese President Hu to attend G8 meeting in Italy, along with other developing nationsJune 29th, 2009 China's Hu to attend G8 meeting in ItalyBEIJING — Chinese President Hu Jintao will attend next month's meeting in Italy between leaders of the Group of Eight nations and those of emerging economies, the Foreign Ministry said Monday. Hu will attend the July 8-10 meeting in Trieste, Italy, at the invitation of Prime Minister Silvio Berlusconi, it said in a statement.
'India has fared better than others in global economic crisis'June 26th, 2009 UNITED NATIONS - Warning against protectionist tendencies to address the global economic crisis, India has said that while it has fared much better than others, developing countries must get space to continue
To grow. "We have a vested interest in the world economy doing well as that is a key enabler for our growth too," Minister of State for External Affairs Preneet Kaur said Thursday at the UN Conference on World Financial and Economic
Crisis and its Impact on Development.
World Bank raises 2009 China's economic growth forecast from 6.5 percent to 7.2 percentJune 18th, 2009 World Bank raises 2009 China growth forecastBEIJING — The World Bank is raising its 2009 growth forecast for China due to the country's stimulus-driven investment boom. But it also cautions that it is still too soon to say a sustained recovery is on the way.
Gujarat to ensure equitable distribution of natural resourcesJune 17th, 2009 GANDHINAGAR - The Gujarat government will form a planning committee in each district to facilitate equitable distribution of water and other natural resources, an official in the Chief Minister's Office (CMO) said Wednesday. "The planning committees would be headed by a cabinet minister and there would be other office-bearers such as chief of the district panchayat would act as the vice chairman and the district collector as co-vice chairman.
Obama says NKorea can find way to live in peace by helping to denuclearize Korean peninsulaJune 16th, 2009 Obama offers NKorea incentive to abandon nukesWASHINGTON — President Barack Obama says there is an avenue for peace for North Korea if Pyongyang works with other nations around the world to denuclearize the Korean peninsula. Joining South Korea's President Lee Myung-bak at a White House news conference, Obama said that the current nuclear activities in North Korea present a "grave threat" to the peninsula and to the world.
More jobs, revival of growth are priorities: ManmohanMay 19th, 2009 NEW DELHI - Prime Minister Manmohan Singh Tuesday said the priority of the new Congress-led government was the revival of economic growth and creating new employment opportunities that had been slowed down by the global recession. Addressing the newly-elected party MPs after being named the prime minister by the Congress Parliamentary Party, Manmohan Singh said: 'There is some slowing down of investment and employment generation.