Nicolas Sarkozy

G8 countries to meet soon, pledge joint action

MARTIN CRUTSINGER The Associated Press WASHINGTON — Leaders of the Group of Eight major industrial countries said Wednesday they will meet “in the near future” to map strategies to deal with the global financial crisis. In a...

High oil prices: The EU's response

As record-high fuel prices sparked protests across Europe in Spring 2008, the EU is preparing both long and short-term policy responses, including tax breaks for energy savings and increased transparency of oil inventories.

Will EU Be a More Just Mediator?

By Ramzy BaroudEurope has showed greater willingness in recent months to play a larger part in the Middle East's most protracted conflict, that of Israel and Palestine. But willingness doesn't necessarily indicate readiness....

Derivatives Crunch Means Savings Is the New Investing

Welcome to the Weekly Report. As I write this on Saturday afternoon, I see nothing from the G7 statements that can be taken as co-ordinated action. Indeed all I see is a repeat of what is becoming a tired mantra: At the White...

Premiers urge Harper to meet on economy

RHÉAL SÉGUIN Globe and Mail Update QUEBEC CITY — Only a few hours after his re-election, Stephen Harper is being urged by provincial and territorial leaders to discuss the impact of the world financial crisis at a special...

EU to press for reform, Asia joins bailout bandwagon

LONDON/SINGAPORE (Reuters) - European leaders will press on Wednesday for an overhaul of the world's financial structures after Asia joined western bastions of capitalism in bailing out banks to avert a financial meltdown.

Prime Minister Brown: European Superhero?

Gordon Brown revives political fortunes with bold rescue plan for British banking system By PAISLEY DODDS Associated Press Writer LONDON October 14, 2008 (AP) Britain's Prime Minister Gordon Brown speaks during a meeting...

UPDATE - Japan PM cautious about leaders' crisis summit (at Reuters)

For more stories on the financial crisis click [ID:nCRISIS]) TOKYO, Oct 15 (Reuters) - Japanese Prime Minister Taro Aso said on Wednesday that a meeting of world leaders on the global financial crisis would be pointless without...

France's lower house approves $491 billion bank rescue

PARIS (AP) — France's lower house of parliament adopted a 360 billion euro — $491 billion — rescue plan Tuesday aimed at unblocking credit markets and ensuring the nation's banks don't collapse. The vote came hours after...

Ban urges patience, stressing that dealing with Georgia situation will take time

Secretary-General Ban Ki-moon has appealed for patience as high-level talks take place today on the situation in Georgia, stressing that it will take time to address all the various aspects of the conflict that broke out in the...