Category archives for: World

Egyptians Bristle at Military’s Plan

A broad cross-section of Egyptian political parties lodged strong objections to attempts by the country’s ruling military council to expand its authority over the process of drafting the country’s first postrevolutionary constitution.

Russia Clears Hurdle to WTO Bid

Russia has reached a deal with the country of Georgia on a bilateral agreement that opens the door for Moscow’s entry into the World Trade Organization after an 18-year effort to join the body.

Russian Oligarch Accused of Profiteering

Russian billionaire Roman Abramovich was questioned in court about whether he diverted hundreds of millions of dollars in profits out of his oil company OAO Sibneft through trading companies he owned.

Japan Detects Xenon Release at Plant

Nuclear fission by-products have been detected at one of the reactors at the Fukushima Daiichi nuclear power plant, raising the possibility that some parts of the melted core may still be active.

Europe Gives Greece an Ultimatum

Europe’s leaders demanded that Greece declare whether it wanted to remain in the euro currency union—or risk going it alone in a dramatic secession.

Italy Fails to Deliver Key Reforms

Italian officials failed to issue growth-boosting measures demanded by European Union authorities ahead of the Group of 20 summit, raising further doubts about the government’s willingness to pass economic reforms.

Greek Premier Set to Win Confidence Vote

Greek lawmakers began debating a confidence vote in the government in a test Prime Minister George Papandreou is likely to pass despite strong reservations about a controversial referendum on the country’s latest bailout.

Business Chiefs Urge Bigger Role for Yuan

Business leaders meeting alongside the G-20 summit endorsed a move toward a “multipolar” global currency system, with a greater role for the Chinese yuan.

Blame Widens for Thai Flood Impact

Are companies in Thailand partly to blame for some of the economic cost of the disaster? Some experts say yes, and that the international impact of Thailand’s floods should serve as a warning to other companies world-wide.

Poland Celebrates Hero Pilot

The captain of a Polish jetliner who managed to safely belly-land his plane after its landing gear failed was lauded as a hero Wednesday, helping redeem the reputation of Polish aviators in the wake of last year’s crash that killed the country’s president and other leaders.

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