The start of a new year also marks a shift in the leadership of a key international institution, with the Czech Republic becoming only the second former Iron Curtain nation to take the mantle of the European Union. Continue reading
As the world’s industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system.
As global markets try to steady themselves amid an economic crisis, world leaders pledged to pump billions of dollars into U.S. and European economies to allay the problems. A panel of financial experts discuss the move. Continue reading
Stocks across the world closed with large gains Monday after European and U.S. officials poured billions of dollars into struggling banks as part of emergency plans to restore confidence in global financial markets. Continue reading
The U.S. financial meltdown has become a globalized crisis, spreading to Europe and emerging markets. The managing director of the International Monetary Fund explains the importance of restoring confidence among banks and consumers, coordinating efforts among countries and the IMF’s role. Continue reading
Despite the approval of a sweeping $700 billion bailout bill on Capitol Hill, the downward march of the financial sector continued Monday as major world and U.S. markets plummeted. Continue reading
Defense chief Robert Gates warned Russia Thursday to curb its military actions in Georgia while Moscow affirmed its support for the separatist enclaves there. Two analysts examine why Russia has engaged in the conflict. Continue reading
Russian troops continued to push into separatist regions of Georgia on Monday and Georgian forces reportedly renewed some shelling of South Ossetia as violence continued to rage between the neighboring countries over the breakaway provinces. Continue reading