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Europe pressures China as currency 'war' bitesBrussels (AFP) Oct 5, 2010 Europe pressured China Tuesday to let the yuan rise as fears grew of a global "currency war" while a French call for a new, more stable world monetary order received short shrift from Germany. A trio of top eurozone officials urged Chinese Premier Wen Jiabao to live up to a June vow to make the yuan more flexible to counter accusations Beijing deliberately undervalues its currency so as to boost exports and growth. Leading euro finance minister Jean-Claude Juncker, European Central Bank head Jea ... read more |
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Oslo, Norway (UPI) Oct 1, 2010 The Norwegian government says it will delay its purchase of 16 of 20 F-35A Joint Strike Fighters as part of its bid to slash spending. The Norwegian Defense Ministry said the order would be pushed back by two years to 2018, reaffirming, however, its commitment as a "serious and credible partner" to the Joint Strike Fighters program. Defense Minister Grete Faremo said the delay si ... more  
Berlin (UPI) Oct 1, 2010 She might be the leader of Europe's richest economy but German Chancellor Angela Merkel still hoards food. "Sometimes I can't stop myself from buying things just because I see them - even when I don't really need them," Merkel, who grew up in communist East Germany where people often had to stand in line to buy basic foodstuffs, told magazine SuperIllu last month. "This tendency to hoa ... more 
Washington (UPI) Oct 1, 2010 A new study estimates that the cost for the United States of the wars in Iraq and Afghanistan will reach about $900 billion over the next 40 years and there's no plan to pay for it. The study, conducted by Nobel Prize economics laureate Joseph E. Stiglitz and Linda Bilmes, a professor at Harvard's Kennedy School of Government, was presented Thursday during a hearing at the U.S. House of ... more |
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 Japan to plead its case on islands at ASEM summit  Walker's World: No more EU welcome mat   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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UN climate chief calls for quick action at China talksTianjin, China (AFP) Oct 4, 2010 The UN climate change chief on Monday warned feuding countries they must immediately begin working towards a deal to combat global warming, as gridlocked talks resumed in China. The six-days of talks in the northern city of Tianjin are part of long-running efforts through the United Nations to secure a post-2012 treaty to limit global warming and avoid potential environmental catastrophes. The event is the first time that China, the world's biggest source of greenhouse gases, which scientists sa ... read more |
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