Davos (Switzerland) (AFP) - The world's political and business elite gather for their annual meeting in the glitzy Swiss ski resort of Davos from Wednesday, with the shadow of recent attacks in France and ongoing global conflicts looming large.
Manila (AFP) - US President Barack Obama and other Asia-Pacific leaders will arrive in the Philippines Tuesday for a summit meant to foster trade unity but with terrorism and territorial rows in focus.
The Global Economic Conditions Survey (GECS) carried out jointly by ACCA (The Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants) showed that finance professionals were more gloomy than at any time since 2011.
Brussels (AFP) - The EU called Thursday on India, Indonesia, Brazil and other major economies to immediately submit their emissions reductions targets ahead of the UN climate summit in Paris at year's end.
Amid flood of revelations, US weighs ending spying on allied heads of state WASHINGTON (AP) — Faced with a flood of revelations about U.S. spying practices, the White House is considering ending its eavesdropping on friendly foreign leaders, a senior administration official said.
Forget all of the talk about the rise of China and the shift of economic power from West to East. The U.S. economy remains the largest and most important in the world, and what happens in America still determines what happens to the global economy. No wonder, then, that investors from Hong Kong to London have become fixated on the looming “fiscal cliff” facing the U.S. government.
Research Recap submits:
Despite the increase in volatility within sovereign debt markets, the global economic recovery remains on track, albeit at an uneven pace across countries and regions, Fitch Ratings says in its quarterly Global Economic Outlook.
The global economy that was headed for an abyss at the start of 2009 now appears to be in recovery, but remains fragile and scarred by the worst crisis in decades.The year began with major economies on the brink of disaster in what turned into the steepest global slump since the Great Depression, before a modest second-half comeback in most of the world.