Under pressure from Group of Eight leaders, ministers from six key trade powers are to start intensive meetings to rescue the deeply troubled Doha round, officials said on Monday.
A year since China untethered the yuan from the dollar, arguments are intensifying whether to let inflation rise in order to bring about the real exchange rate appreciation needed to adjust the country's lopsided economy.
Global companies extending their networks into Africa will find it a challenge to establish easy telecom links in comparison to the better established systems in the U.S., Europe or Asia. While mobile phone use is growing rapidly across the continent, fixed-line density is low and Internet access is limited.
The U.S. Department of Homeland Security said on Friday it awarded $1.16 billion in contracts to three companies to develop equipment to scan cargo at border cities for nuclear weapons material.
The Pentagon has cleared Taiwan to take a two-stage approach to buying up to eight diesel submarines in a move that could revive the long-stalled potential multibillion-dollar deal.
Brazil's President Luiz Inacio Lula da Silva told Reuters on Friday he would keep conservative economic policies if he were re-elected in October and distanced himself from his former left-wing base.
The latest surge in energy prices may prove the undoing for a U.S. economy already pressured by a housing slowdown and accelerating inflation.
Surging energy prices helped cause unexpected drops in U.S. retail sales in June and consumer sentiment in July, reports on Friday showed, raising the prospects the Federal Reserve may be close to halting its campaign of hiking interest rates.
U.S. retail sales unexpectedly shrank in June as energy prices bit, raising concern about growth as the Federal Reserve considers halting its two-year interest rate hike campaign.
Sales at U.S. retail stores unexpectedly shrank 0.1 percent in June, the first decline since February, pulled down by weaker sales of cars and building material, government data showed on Friday.
Since Tripoli gave up its nuclear arms programs in 2003, Libya has seen progress in the number of foreign investments being made in the country, the result of an environment that encourages market orientated reforms meant to reintegrate the country into the international economic fold.
U.S. Secretary of State Condoleezza Rice said Iran's refusal to accept an international incentives offer to negotiate curbs on its nuclear programme will force major powers to decide on Wednesday to deal with the Islamic Republic at the U.N. Security Council.
South African president Thabo Mbeki said on Saturday that fears regarding the country's financial and logistical ability to host the World Cup 2010 were untrue.
Chinese Premier Wen Jiabao recently ended a seven nation tour of Africa on June 25 in a bid to improve economic, social and diplomatic ties between China and Africa.
While difficulties related to the war have hampered growth, recent oil-related developments show the nation is on its way to financing reconstruction efforts.
Employers added a smaller-than-expected 121,000 new workers to their payrolls last month, but the jobless rate stayed at a five-year low of 4.6 percent and average hourly earnings rose, the Labor Department said on Friday.
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O'Hare International Airport was the nation's busiest airport in terms of air traffic during the first half of 2006, surpassing Atlanta's, according to government statistics released Monday.
Wall Street on Monday cheered the apparent defeat of a Mexican leftist presidential candidate whose spending promises raised debt fears, but a looming vote dispute and a longer-term political crisis may ruin the party.
South African telecommunications group Telkom SA, denied on Monday that talks concerning a possible takeover by British cell phone group Vodafone had taken place.
A breakout of avian influenza has been confirmed on an ostrich farm in the Western Cape of South Africa, said the National Department of Agriculture (NDA) on Monday.
Britain's Office of Fair Trading (OFT) and the U.S. Department of Justice are investigating alleged cartel activity involving British Airways Plc (BA) and other airlines, BA said on Thursday.
Workers angered by General Motors' plan to shut down an assembly plant in Portugal will stage protests starting next week at GM factories in Germany and Spain, a labor source told Reuters on Friday.
DuPont Co., the second largest U.S. chemicals maker, said its strong double-digit revenue growth in China would accelerate while it increased investment and manpower in its fastest growing market.
U.S. inflation developments bear watching, but the impact of high energy costs on other prices has been limited and the economy will adjust over time, Federal Reserve Chairman Ben Bernanke declared on Thursday.
The U.S. workforce is in shape to benefit from globalization and from increased specialization that is boosting productivity, Federal Reserve Governor Donald Kohn said on Thursday.
Federal Reserve officials kept up their tough talk on inflation on Monday, bolstering expectations in financial markets that another rate increase is on the way at the Fed's policy meeting later this month.
Latin America's fixation with the football World Cup in the next month is likely to slow trade in the region but some wonder if it will be enough to dampen instability global markets.
Facing the loss of tens of thousands of unionized, blue-collar auto jobs in coming years, the head of the United Auto Workers on Sunday called for a more collaborative approach to the deep-seated problems facing the U.S. industry, including high health care costs.
The Bush administration finally is on the verge of assembling a powerhouse economic team, headed by a Wall Street heavyweight able to set the terms for becoming its leader, after some 5-1/2 years in power.
