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U.S. setting bad example on protectionism: Sarkozy

President Nicolas Sarkozy of France accused Washington on Friday of setting the wrong example on protectionism, suggesting there had not been a level playing field in the race for a $50 billion refueling plane contract.

Greek crisis may wound southeast Europe

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The Greek debt crisis is poised to undermine already dwindling investment flows into south-eastern Europe's emerging economies, adding to barriers to recovery in one of the continent's most fragile regions.
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British hostage endured mock executions in Iraq

British computer expert Peter Moore, held captive in Iraq for 2-1/2 years until his release in December, has said he was tortured and subjected to mock executions by a well-trained kidnap gang.
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Cabinet shake-up tests Taiwan's pro-China president

China-friendly Taiwan President Ma Ying-jeou faces a new test of public confidence ahead of tense year-end elections after the sudden resignation of his justice minister and the health minister's threat to quit.
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India says open to new round of talks with Pakistan

India signaled on Friday it was open to a new round of talks with Pakistan, raising fresh hopes of a thaw in relations after last month's official dialogue between the nuclear-armed rivals produced no breakthrough.
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Floods kill 20, destroy dams in Kazakhstan

Around 20 people died and thousands were evacuated in Kazakhstan on Friday after severe floods destroyed two dams in the south of the Central Asian state, the emergencies ministry said.
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Q+A: Make-or-break months for Afghanistan war

An upcoming U.S.-led military campaign to regain control of the Taliban heartland of Kandahar will be a decisive phase in the Afghan war, Defense Secretary Robert Gates told frontline troops this week.
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Western U.S., Canada go own way on carbon trading

As U.S. prospects for a national climate change bill fade, five U.S. states and Canadian provinces are on track to start a cap-and-trade market for carbon dioxide in 2012, say officials who see fading federal momentum boosting regional efforts.
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Obama to tap Yellen for Fed vice chair: source

President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
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Leave yuan to us, China tells Obama

The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency regime.
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Sen. Reid's family injured in car accident

The wife and daughter of Senate Majority Leader Harry Reid were injured on Thursday when their vehicle was rear-ended by a truck on a highway, the senator's office said.
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Billionaire Pinera takes power in Chile

As the ground shook and buildings swayed, conservative billionaire Sebastian Pinera took office as Chile's president on Thursday, tasked with rebuilding after a massive earthquake killed hundreds just 12 days ago.
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Big majority of Americans wants Wall Street regulation

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.
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China's thirst for energy fuels westward expansion

China's insatiable demand for energy to power its economy has made it a serious contender in the fight for control over vast energy resources in its thinly populated and impoverished western backyard.
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NY governor in hot water, 2nd-in-command steps up

With Governor David Paterson enveloped in scandal, New York's lieutenant governoris leading the notoriously difficult budget process and freeing up his boss to fight for his political life, experts say.
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House bans some earmarks amid ethics concerns

Democrats in the House of Representatives moved on Wednesday to limit the ability of lawmakers to tuck pet projects into spending bills amid mounting election-year ethics concerns.
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JP Morgan private bank to expand away from U.S.

JP Morgan's private bank has embarked on an international expansion in a bid to reduce its focus on the United States, expand its Europe footprint and join the battle to tap the ultra-wealthy in emerging markets.
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High stakes in China's big dig

In a tunnel deep beneath Shenyang's busy streets, Lu Ze flicked a switch and a lone light bulb revealed a cluttered concrete floor.
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Sebelius piles pressure on insurers

Health Secretary Kathleen Sebelius ratcheted up the pressure on health insurance companies on Wednesday, urging them to forgo short-term profits to make coverage more affordable and to stop fighting the Obama administration's reform effort.

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