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18 Aug 11 Morgan Stanley: US, Europe 'Dangerously Close to Recession' New Chinese stealth jet starts talk of Russian help Biden: US-China relations crucial to economic stability Hugo Chavez to nationalise Venezuela's gold industry Van Rompuy tipped to chair new 'economic government' Arab countries back emergency UN session on Syria Syria Guns Down Palestinians At least 5 dead, dozens hurt in terror attacks near Eilat Pope demands greater ethics in economic policy US Inquiry Eyes S&P Ratings of Mortgages NASA on comet Elenin: It won’t kill us all US Sees Growing Losses From Extreme Weather Tritium from Vt nuke plant in Connecticut River Russian company unveils 'bomb in a box' cruise missile system China must punish US for Taiwan arm sales with 'financial weapon'
The U.S. and Europe are “dangerously close to recession,” Morgan Stanley analysts including Chetan Ahya said in the note. “Recent policy errors, especially Europe’s slow and insufficient response to the sovereign crisis and the drama around lifting the U.S. debt ceiling, have weighed down on financial markets and eroded business and consumer confidence.”
Similarities between a new Chinese fighter jet and a prototype Russian plane have brought suggestions that Moscow may be quietly helping Beijing compete with the world's military powers. Experts say the fifth-generation J-20 fighter, which made its maiden flight in January during a visit of the U.S. defense secretary, could have its origins in the Mikoyan 1.44 stealth jet that never made it to the production line.
US Vice-President Joe Biden has told his Chinese counterpart Xi Jinping that global economic stability rests on the US and China finding common ground. Speaking on the first day of an official visit to China, Mr Biden said a close relationship with China was of the "utmost importance". The trip comes amid mounting tension between the two over America's debt.
Hugo Chavez has announced that he will nationalise Venezuela's gold industry to boost the country's reserves. "The area is run by the mafia," the president said on state TV. "We're going to nationalise gold. We can't keep allowing them to take it away."
Twice-yearly meetings of the leaders of the 17 single currency states are to become the "cornerstone" of the new economic government of the eurozone, the leaders of France and Germany have said. In a five-page letter to European Council President Herman Van Rompuy following their meeting on Tuesday (16 August) in Paris, Nicolas Sarkozy and Angela Merkel say the summits "will take place twice a year and, if necessary, extraordinary meetings will be called."
The UN Human Rights Council will hold an emergency session on Monday on the escalating violence in Syria after 24 countries including four Arab members - Jordan, Kuwait, Qatar and Saudi Arabia - backed the European Union initiative, a UN statement said. The announcement came shortly after Syrian President Bashar Assad told UN Secretary-General Ban Ki-moon that military and police operations against pro-democracy protesters had stopped, the United Nations said on Wednesday.
Iran’s Grand Ayatollah Naser Makarem Shirazi said earlier this week that it is “the duty of all Muslims to help stabilise Syria against the destructive plots of America and Israel.” He is echoing the opinion of Iran’s supreme ruler Ayatolla Khamenei, who considers himself to be the representative of Allah on earth ...
At least five people were reported dead and dozens injured in a three-stage terrorist attack along Israel’s border with Egypt on Thursday, which began when terrorists opened fire at an Egged bus traveling on Road 12 near Eilat. The casualties were evacuated to Yoseftal Hospital in Eilat. A number of soldiers were among the casualties.
Pope Benedict XVI denounced the profit-at-all-cost mentality that he says is behind Europe's current economic crisis as he arrived in hard-hit Spain on Thursday, and said morals and ethics must play a greater role in formulating economic policy in the future.
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.
“Any approximate alignments of comet Elenin with other celestial bodies are meaningless, and the comet will not encounter any dark bodies that could perturb its orbit, nor will it influence us in any way here on Earth,” said NASA scientist Don Yeomans in a Q&A released this week.
The United States has already tied its yearly record for billion-dollar weather disasters and the cumulative tab from floods, tornadoes and heat waves has hit $35 billion, the National Weather Service said Wednesday. And it's only August, with the bulk of the hurricane season still ahead.
...he state health commissioner, said late Wednesday that samples of water taken July 18 and July 25 from the river — at the point where contaminated groundwater flows from the shoreline into the river — confirmed the migration of the substance.
A Russian company has unveiled a unique "Pandora's Box" cruise missile system which is deployed and can be fired from a standard 40-foot shipping container, from ships, rail cars or even off the back of a truck.
Now is the time for China to use its "financial weapon" to teach the United States a lesson if it moves forward with a plan to sale arms to Taiwan. In fact, China has never wanted to use its holdings of U.S. debt as a weapon. It is the United States that is forcing it to do so.
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