The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8% in 2008, the United Nations said in its mid-year economic projections Thursday.
Sens. Hillary Clinton and Barack Obama have aggressively courted organized labor, but unions are divided between the Democratic candidates.
President Hugo Chavez of Venezuela signed a decree Wednesday that orders the nationalization of the country's leading steel producer.
The United Nations is establishing a task force to address the global food crisis, which is "increasingly resulting in social tension," the world body said Tuesday.
Various proposed remedies to the global food crisis may not solve the problem, even as demand and - food prices - continue to climb
President Bush used a meeting with Mexican and Canadian leaders Monday to hammer Democrats who oppose a free trade deal between the U.S. and Colombia, saying that blocking the deal is "bad for American workers and bad for our security."
If all goes according to plan, the business of buying and selling rights to pollute the atmosphere with carbon dioxide and other greenhouse gases - carbon trading, as it is known - will curb global warming and save the world. That is its only purpose. Along the way, a lot of people will get rich.
Sen. Hillary Clinton and her husband Bill don't see eye-to-eye when it comes to a controversial free trade pact.
By the year 2050, China will no longer be the most populous country in the world.
President Bush on Monday moved to force a vote on a controversial free trade agreement between the United States and Colombia that Democrats oppose.
The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8% in 2008, the United Nations said in its mid-year economic projections Thursday.
Sens. Hillary Clinton and Barack Obama have aggressively courted organized labor, but unions are divided between the Democratic candidates.
President Hugo Chavez of Venezuela signed a decree Wednesday that orders the nationalization of the country's leading steel producer.
The United Nations is establishing a task force to address the global food crisis, which is "increasingly resulting in social tension," the world body said Tuesday.
Various proposed remedies to the global food crisis may not solve the problem, even as demand and - food prices - continue to climb
President Bush used a meeting with Mexican and Canadian leaders Monday to hammer Democrats who oppose a free trade deal between the U.S. and Colombia, saying that blocking the deal is "bad for American workers and bad for our security."
If all goes according to plan, the business of buying and selling rights to pollute the atmosphere with carbon dioxide and other greenhouse gases - carbon trading, as it is known - will curb global warming and save the world. That is its only purpose. Along the way, a lot of people will get rich.
Sen. Hillary Clinton and her husband Bill don't see eye-to-eye when it comes to a controversial free trade pact.
By the year 2050, China will no longer be the most populous country in the world.
President Bush on Monday moved to force a vote on a controversial free trade agreement between the United States and Colombia that Democrats oppose.
U.S. negotiators at a United Nations climate conference say steep emission cuts could further rattle the world economy, especially in the developing world
Lovisa Asinde is a Ugandan widow who supports herself and her five children selling food. She started the small business eight years ago, and planned to open a larger restaurant in the center of her town.
It is said that nowhere else on earth will the impacts of climate change be felt more acutely than in the developing world.
If you fix the cities, do you fix the problem? With 50 percent of the entire human race currently living in cities and responsible for emitting up to 80 percent of all global carbon dioxide (CO2) emissions every year, they certainly don't seem a bad place to start.
There was a time when oil prices needed the backing of a strong U.S. economy to reach record levels, but oil prices hit all-time highs again Wednesday even as a recession looms.
The nationalization of the once lucrative bank threatens the British Prime Minister's already tottering fortunes
True or False: China, India and other developing countries are exempt from the Kyoto Protocol
Cutting down trees is pretty much one of the worst things you can do when it comes to climate change. Deforestation, by varying accounts, contributes anywhere from 20 percent to 30 percent of all carbon dioxide (C02) emissions -- around 1.6 billion tons.
Hundreds of thousands of farmers clogged central Mexico City Thursday with their slow-moving tractors, protesting the entry of cheap imported corn from the United States and Canada.
Global finance chiefs drove home warnings over the market crisis Saturday, as concerns of a possible recession continued to trouble a meeting of world powerbrokers in Switzerland.
"We are the champions - of the world" may be the verse that rings out in stadiums across the U.S., but in the great game of global trade, Americans are increasingly feeling like the losers. A large majority - 68% - of those surveyed in a new Fortune poll says America's trading partners are benefiting the most from free trade, not the U.S. That sense of victimhood is changing America's attitude about doing business with the world.
Are we entering America's first globalization recession? I think we may well be, but before explaining why, I want to emphasize two points.
Despite rampant recession talk on Wall Street, Commerce Secretary Carlos Gutierrez remains upbeat on the nation's overall economic health.
The next time you fall sick and someone suggests it's because of something in the water, they could be right. According to the World Bank, 88 percent of all diseases are caused by unsafe drinking water, inadequate sanitation and poor hygiene.
A major donors conference to raise funds for the Palestinians has gone beyond expectations, with donors pledging $7.4 billion to help build a Palestinian state, organizers said Monday.
In a dramatic reversal Saturday, the United States rejected and then accepted a compromise to set the stage for intense negotiations in the next two years aimed at reducing carbon dioxide emissions worldwide.
The world came together to solve the climate change crisis, and dragged along the U.S., kicking and screaming
You don't have to travel to the Democratic side of the presidential race and to hear the chords of protectionism. That was evident at yesterday's Republican presidential debate in Johnston, Iowa - the last formal verbal joust before that state's voters kick off the official race by voting in caucuses on January 3.
Ten years after Kyoto, nations are wrestling once again over climate change. But big questions remain to be answered
China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead
The Senate approved a free trade agreement with Peru yesterday by a vote of 77 to 18, clearing the way for the deal to become law within weeks.
U.S. Commerce department junkets in Colombia are pushing a free trade agreement with Bush's close Latin American ally
A new report admits the country has fallen short on goals and proposes more money be spent on cleaning up the environment. But it's far from enough to make a difference
Helping the world's poor adapt to more floods, droughts and other changes from a warming planet will cost the richest nations at least $86 billion a year by 2015, a panel warned
For the first time, and for a limited period only, people in North America will be able to get their hands on the XO, MIT professor Nicholas Negroponte's rugged little laptop that's designed specifically for children.
On Wall Street yesterday, the Dow Jones industrial average and the broader S&P 500 index broke new record highs. Six hundred miles away, in Michigan, the unemployment rate stood at a painful 7.4 percent, fueled by the loss of 400,000 manufacturing jobs, and dwarfing the national rate of 4.7%.
U.S. President George W. Bush told a global climate change conference Friday that the United States will do its part to improve the environment by taking on greenhouse gas emissions.
President Bush called on Friday for a new fund to reduce global warming while refusing to sign emission-reduction obligations, prompting criticism from Environmentalists and some nations
U.S. Secretary of State Condoleezza Rice on Thursday told delegates to a global climate change conference that countries around the world must work together to combat climate change, much as they cooperate against terror and the spread of disease.
While much was said at the United Nations summit on global warming, the world is still a ways from taking concrete action
America's fight - to thrive in the Darwinian global economy isn't getting any easier. But in this season of financial market upheaval and intensifying political campaigning, there's danger we could actually give up two of the greatest advantages we hold.
A siege mentality prevails at a World Bank unit that investigates allegations of misconduct and corruption in bank-financed projects, an independent panel says. It recommends the group reach out to other departments and outside advisers to deal with its problems.
Pacific Rim nations agreed Thursday that climate change was of "vital interest," but officials squabbled over whether to prioritize the issue in their annual summit statement
U.S. President George W. Bush urged Pacific Rim nations on Wednesday to band together on tackling global warming, saying all major polluters must be part of any solution. But finding consensus on the issue among Asian leaders at their annual summit has proven elusive.
Negotiators from 158 countries reached basic agreement Friday on rough targets aimed at getting some of the world's biggest polluters to reduce emissions of the greenhouse gases blamed for global warming.
HSBC Holdings, Europe's biggest bank, posted higher first-half profit and struck an upbeat tone on the global economy Monday, despite a big rise in bad debts linked to its problems in the U.S. housing market.
The International Monetary Fund said on Saturday it saw no immediate risks of a financial crisis for Asian economies hit in recent months by a heavy influx of global capital.
New HIV infections still dramatically outpace efforts in poor nations to bring treatment to patients, health officials said
2007 GLOBAL 500 THE WORLD'S LARGEST CORPORATIONS
Just how red-hot is the current worldwide expansion? "This is far and away the strongest global economy I've seen in my business lifetime," U.S. Treasury Secretary Hank Paulson declared on a recent visit to Fortune's offices.
Analysis: Socialist Strauss-Kahn is a widely admired economic manager. Better to have him in Washington than heading up the opposition in Paris
The scandal-ridden departure of Paul Wolfowitz from the World Bank doesn't end its crisis. The trouble runs deeper.
House Democratic leaders quashed White House hopes Friday for quick renewal of "fast track" trade negotiating authority and said they cannot support trade agreements negotiated with South Korea and Colombia.
The World Bank Monday unanimously approved Robert Zoellick as its president after a controversial two-year term by Paul Wolfowitz, who agreed to resign over a promotion scandal involving his companion.
Healing the wounds and conflicts at the World Bank will be a difficult task in the aftermath of an ethics scandal, Robert Zoellick, the bank's likely next president, said on Monday.
It can't be said too often, because so few people even still understand its gravity: The adoption of technology in the developing world is tech's biggest trend. A new report by Forrester Research predicts there will be 2.25 billion PCs in the world by 2015, up from 755 million today. The vast majority of that growth will come in places like China, India, Brazil and Eastern Europe.
The protesters came, and the leaders talked. But increasingly the annual gathering looks like an anachronism
Development campaigners have criticized a pledge by the leaders of the world's richest nations on Friday to give $60 billion to fight diseases such as AIDS in Africa.
Leaders of the world's eight major industrialized nations will end their summit Friday with a pledge to help nations on the world's poorest continent.
Leaders from the world's eight major industrialized nations "accepted the latest scientific evidence" of the dangers of global warming Thursday but set no targets for reducing greenhouse gas emissions.
This week the Chinese government unveiled its long-anticipated blueprint for tackling climate change and atmospheric pollution.
World Bank President Paul Wolfowitz issued this statement Thursday:
The World Bank executive board issued this statement Thursday:
Embattled World Bank President Paul Wolfowitz will step down from the position by June 30, according to a joint statement released Thursday by the bank and Wolfowitz.
Embattled World Bank President Paul Wolfowitz and the White House were in talks Wednesday afternoon with World Bank officials to work out details of his resignation, senior administration officials told CNN.
As the capital's attention fixed on congressional maneuvering over Iraq war spending, a different drama was playing out in the offices of leading House members - one that would determine the nation's free trade path at a critical juncture.
The Senate passed the $124 billion war supplemental budget bill Thursday in a 51-46 vote that moves the legislation, which includes a minimum wage hike and small business tax cuts, toward an all but certain veto from President Bush.
The world's second largest rainforest -- a haven of biodiversity and one of the planet's vital safeguards against runaway global warming -- is being devastated by illegal logging, environmentalists have warned.
Lou Dobbs testified today before the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation, and Trade. The hearing was entitled "Trade, Foreign Policy, and the American Worker." Below is the transcript of Lou's testimony.
The United States and its key trading partners like the European Union, India and Brazil are scurrying to reach a worldwide deal in the next few months to boost trade in farm and industrial goods.
Along a dirt road in Bangladesh's green, fertile heartland, 140 miles northwest of Dhaka, workers in flip-flops are hauling bricks, pouring cement and hammering boards. The object of their labor: a...
Midway was once the world's busiest airport - until crosstown rival O'Hare overtook it in the early 1960s. Later this year it could reclaim its place in history, this time as the first major U.S. a...
General Motors will unveil a new Pontiac sedan at the Chicago Auto Show today.
In the first of two speeches on the economy this week, President Bush on Tuesday broadly outlined his economic growth agenda, which he said includes keeping taxes low, expanding U.S. free trade agreements, reducing the country's dependence on foreign oil and implementing a health care system that is "patient centered and not government centered."
So how are you doing? Money-wise, that is.
Americans are finally starting to explore the world. Financial planners and Money Magazine have long argued that you need to put some of your money into overseas markets, but most folks have stayed...
When people ask me what I think is the most important trend in technology today, I always answer the same way. It's not Web 2.0, Open Source software or Google's growing power. The most important trend in technology is how it is boosting economic development around the world.
Carly Fiorina may have gotten some things wrong when she was CEO of Hewlett-Packard, but she did show an admirably early understanding of one of the most important trends in tech. Back as far as 1999, she was championing something HP called World e-Inclusion, a program to focus the company's resources on creating products and services for the world's poor and developing nations.
New devices and ideas are remaking our world. Here are seven brilliant, practical inventions.
Why are you so insistent about an alliance with a North American producer?
Victorious Democrats will, with the opening of the 110th Congress, have a historic opportunity to right the course of a country that has been hell-bent on permitting free-trade corporatists and faith-based economics to bankrupt the nation.
Hot air is now for sale.
Hear that giant sucking sound in the distance? It's not the roar of American jobs fleeing to developing countries, as Ross Perot famously warned more than a decade ago. It's the clamor of U.S. employers sucking in workers from developing countries to do the jobs we'll all be too old to manage ourselves in the not-too distant future.
China supports proposed changes to the International Monetary Fund' s voting rights system but they don' t go far enough to empower some developing regions, China' s finance minister said Thursday.
It all started with $50. In 1988, that's what it took Noni Bala Ghosh to revive her family's business of making sweets to sell in Kholshi, her tiny village in Bangladesh.
Conservative Felipe Calderon won by a narrow margin Thursday in Mexico's presidential election, but leftist rival Andres Manuel Lopez Obrador claimed there were irregularities and vowed to fight the results in court.
A movement to raise the minimum wage is sweeping the country with 14 states raising their minimum wage since 2004 -- five in the past six months alone.
An estimated 2 million babies die within their first 24 hours each year worldwide and the United States has the second worst newborn mortality rate in the developed world, according to a new report.
The dust has started to settle on President Bush's recent reshuffle of his White House team. Gone are Karl Rove and Scott McClellan. Gone too, it turns out, is President Bush's credibility as a free trader.
Following is an interview with Laura Tyson, dean of London Business School and former chairman of the Council of Economic Advisers during the Clinton administration, and Glenn Hubbard, dean of the Columbia Business School and chairman of the Council of Economic Advisers in the first years of the Bush administration.
Morgan Stanley economist Stephen Roach said in a report released Monday that he feels better about the global economy's outlook "for the first time in ages."
Chinese President Hu Jintao meets with President Bush in the nation's capital Thursday after a cross-country trip for Hu that follows his state dinner with billionaire Bill Gates.
They could be the names of the family next door: Katrina, Larry, Rita, Jolina and Glenda.
NEW YORK (CNNMoney.com) - Say you and your spouse want to relocate to a new city.
He has been described as the next Che Guevara, the next Hugo Chavez, the next Fidel Castro. Evo Morales, a former coca growers' union leader and the new President of Bolivia, has pledged to nationalize his country's oil and gas industry, redistribute privately owned land, and decriminalize the coca leaf, a staple of Bolivian indigenous culture as well as the prime ingredient in the manufacturing of cocaine.
Staffers on Capitol Hill and in the Bush administration said Thursday it is unlikely that the Central American-Dominican Republic Free Trade Agreement will become active Jan. 1, as had been planned.
Iraq still has "massive problems" in monitoring its oil revenues, including no oil metering system to measure output and the failure to use competitive bidding for all contracts, an auditing board said after a meeting Wednesday.
WASHINGTON -(Dow Jones)- The International Monetary Fund board on Friday praised Brazil for its economic policy and performance, saying the country's central bank has room for further steady easing of monetary policy.
Despite its devastating toll of human misery, the December 2004 tsunami had relatively little impact on the broad picture of Asian regional economic growth in 2005.
President Bush acknowledged Monday that it would be difficult to push any U.S.-Panama trade deal through Congress, but said getting one completed remains a top priority for his administration.
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