World News

G8 meets in attempt to stop meltdown

Leaders of the Group of 8 countries of the world's largest economies are meeting at Camp David, Maryland, to begin talks on the global financial crisis.

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Controversial new president inherits changing World Bank

Jim Yong Kim, the Korean-American president of Dartmouth College picked to lead the World Bank by President Obama, was confirmed today by a vote of the institution's 25-member executive board.

Portugal imposes "rule of lead," left wing charges

Portugal has become the first European country to approve the European Union's fiscal compact, known to critics as the "permanent austerity" treaty.

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Who gets the big pay raises, Germany’s workers or CEOs?

The squeeze on incomes for the 99% comes as the flow of euro-millions to Germany's 1% has been getting considerably more generous over the same period.

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U.S. and Korea implement free trade agreement

A long-awaited and controversial trade pact between the U.S. and the Republic of Korea came into effect on March 15.

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French presidential front-runner proposes sharp tax hike for the rich

French voters responded positively to the proposal, with recent polls showing a slight uptick in support for Hollande. The prospects of passing such tax-the-rich legislation will depend on parliamentary elections,.

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Cuba reaffirms ties with China

Cuban Council of State Vice President Marino Murillo Jorge journeyed to Beijing in late February for a "working visit."

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Big Oil may rob Canada of jobs

There is growing concern that Canada is rapidly becoming a petro-state. And in this shift, manufacturing jobs are disappearing.

French election pollsters: Sarkozy slipping, both left and far right advancing

France elects a new president on April 22, with a runoff possible on May 6. As this date approaches, it would appear that incumbent president Nicolas Sarkozy is going to have trouble holding on to power.

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World communist parties: "Socialism is the future"

"Socialism is the future" was the theme of a meeting here of communist and workers parties from 59 countries last month.

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