Product scandals aside, China firms going global
Image problems will force out weaker firms and prepare savvy ones for the global marketplace, experts say.
July job growth slowest since February
Employers expanded their payrolls in July at the slowest pace since February and the jobless rate ticked up to its highest since the start of the year, a government report showed on Friday. In another sign of slowing growth, the Institute for Supply Management reported signs of a weakening service sector as its index of July activity fell to 55.8 from 60.7 in June. Any reading over 50 indicates growth.
Libya close to arms deals with France
Libya is set to buy anti-tank missiles and radio systems from European aerospace and defense group EADS, days after a visit to Tripoli by President Nicolas Sarkozy, the French government said on Friday.
Bush sets global climate meeting
The high-level meeting would bring together the world's biggest polluters to find ways to reduce greenhouse gas emissions.
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U.S. biotech industry awaits Europe approval speedup
The U.S. biotechnology industry is awaiting this fall's deadline for Europe to speed up its approval of new biotech food and crops -- a process Washington has long complained is woefully slow -- in the hope of increased access to a major market.
Clean tech becomes big business
Clean technology is evolving from environmental issue to big business, opening a world of opportunities for companies, entrepreneurs and investors who see a chance to -- yes -- clean up, says a new book.
Senate panel backs FDA oversight of tobacco
A U.S. Senate committee endorsed legislation on Wednesday allowing the Food and Drug Administration to regulate tobacco products, a proposal supported by public health groups and the nation's largest cigarette maker.
Treasury says can't force China currency change
A senior U.S. Treasury official warned Congress on Thursday that trying to force faster China currency appreciation by legislative effort would fail and might provoke retaliation against the United States.
Search for missing in Minneapolis bridge collapse
Rescuers searched on Thursday for 20 people missing in a U.S. bridge collapse that sent vehicles tumbling several stories into the Mississippi River in an avalanche of concrete and steel that killed at least four, authorities said.
Manufacturing growth rate slows; fewer private jobs
Manufacturing grew at a slower rate in July as a drop in new orders spawned caution among factory managers, and U.S. private employers probably added jobs last month at their slowest rate in four years, according to two reports on Wednesday.
Clean electricity key to greenhouse cuts: Australia
The world's electricity must be generated from zero or near zero-emission power plants by 2050 if a 50 percent cut in global greenhouse gas emissions is to be achieved by mid-century, Australia's Environment Minister said on Wednesday.
UK's Brown urges people power to fight poverty
British Prime Minister Gordon Brown urged governments, businesses and volunteer groups on Tuesday to unite in a show of people power to put the world back on track toward slashing extreme poverty by 2015.
Paulson to make his currency case to China's Hu
U.S. Treasury Secretary Henry Paulson brings his overtures for a faster rise in the yuan to Chinese President Hu Jintao on Wednesday, a day after the Bush administration warned that anti-China legislation in the U.S. Congress could provoke a global trade backlash.
Canada fights Belgian ban on seal trade at WTO
Canada will request consultations at the World Trade Organization to challenge Belgium's ban of Canadian seal products, Ottawa said on Tuesday.
California: Golden dream or foreclosures by the sea?
'The golden dream by the sea' is how Gov. Arnold Schwarzenegger has fancifully described California. Yet for thousands who bought homes during the Golden State's latest housing boom, foreclosures have turned recent months into a nightmare.
July consumer confidence at 6-year high
Consumer confidence rose to a nearly six-year high in July as consumers perceived improvements in business conditions and the labor market, a report said on Tuesday.
China tells Paulson it's poor and poses no threat
China on Tuesday deflected U.S. pressure for a faster rise in the yuan and bolder economic reforms by telling visiting Treasury Secretary Henry Paulson that it is still poor and poses no threat to anyone.
Amid China expansion, Beijing economist touts green policies
Even in the face of rapid economic and industrial expansion, a prominent Chinese economist is advocating for higher taxes on production resources in order to increase energy savings and protection of the environment.
House lawmaker to offer credit card bill
A New York lawmaker said on Monday she plans to offer legislation to address some of the problems plaguing credit card customers who have been blindsided with interest rate changes and various fees.
Brown hails bonds with U.S. as he meets Bush
British PM Gordon Brown wants to keep close ties and says his nation shares its ideals with America.
China raises banks' reserve requirements again
China's central bank on Monday raised the amount that lenders must hold in reserve for the ninth time in 13 months, the latest step in its campaign to keep the world's fourth-largest economy in check.
Patil sworn in as first woman President of India
Pratibha Patil has been sworn in this week as the President of India, in the process becoming the first woman president ever since India became a Republic in 1950.
Economic growth rebounds in second quarter
Economic growth rebounded during the second quarter to its strongest pace since the beginning of last year on a surge in business investment, more government spending and a better trade performance, the Commerce Department reported on Friday.
July consumer sentiment up, risks linger: U.Mich
Consumer sentiment softened slightly in late July from earlier in the month, but optimism about job and income prospects kept it at its highest reading since February, a survey showed on Friday.
Thousands homeless as Asia weather misery spreads
Asia's monsoon misery has spread to Nepal, leaving thousands of people homeless, while more rain is expected to bring further chaos to China's drowned southwest, where many have already lost homes, livelihoods and loved ones.
Congress ties Pakistan aid to terrorism progress
Congressional negotiators have agreed on legislation that would tie U.S. aid to Pakistan to significant progress by Islamabad in cracking down on al Qaeda, the Taliban and other militants, congressional sources said on Thursday.
Climate change to loom large at APEC finmin meeting
The economic challenges of climate change will top the agenda when finance ministers of APEC's 21-members meet in the Queensland coastal resort of Coolum next week.
Texas leads list of dirtiest U.S. power plants
Texas has the most entries on a list of the dirtiest U.S. power plants, while New England and the Pacific Coast make less carbon dioxide because they have fewer coal-burning plants, an environmental group said on Thursday.
U.S. court throws out city's illegal immigration law
A U.S. judge on Thursday struck down as unconstitutional a local law designed to crack down on illegal immigration, dealing a blow to similar laws passed by dozens of towns and cities across the country.
Reid tells four companies no coal power in Nevada
U.S. Senate Majority Leader Harry Reid of Nevada sent a letter this week to four companies telling them not to build planned coal-burning power plants in his state.
Mexico to use huge drug cash haul for addict rehab
Mexico will use $206 million confiscated in what officials call the world's biggest drug cash seizure to fund programs for addicts and strengthen the justice system, the government said on Thursday.
Senate panel OKs currency bill aimed at China
The Senate Finance Committee voted 20-1 on Thursday to give the U.S. government new tools to press China to raise the value of its currency, but the Bush administration said it opposed the bill.
Paulson praises French candidate for IMF job
Treasury Secretary Henry Paulson said on Thursday he considered France's Dominique Strauss-Kahn a good candidate to take over the International Monetary Fund and urged continued reform at the lender.
L.A. ports reach contract deal with clerks
Fourteen major shipping lines reached a tentative contract deal on Thursday with clerical workers for cargo terminals at Los Angeles and Long Beach, averting a threatened strike at the two busiest U.S. seaports.
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