The Group of Seven industrialized countries is outmoded and should be replaced with a new entity that would include growing economies in Asia and Latin America, World Bank President Robert Zoellick said Monday.
Europe must show that it can respond like the United States in the "trial by fire" of the global financial crisis, International Monetary Fund head Dominique Strauss-Kahn says.
Once the world's biggest donor nation, Japan is stepping up efforts to boost its influence in resource-rich developing countries by creating a super agency
Boosting connectivity should do the same to the continent's social and economic health, granting citizens access to crucial online health, education and government services
With such beautiful beaches, many tourists get no further than the resorts of Zanzibar. But there's plenty more on offer on these tropical islands in the republic of Tanzania.
It has been said before that environmental-friendliness is a luxury few can really afford.
The dollar gained ground against other major currencies Tuesday as oil prices tumbled and the global economy continued to show sings of weakness.
Debate is rife in Australian political circles about whether carbon trading is the way forward for climate change abatement.
The head of the Intergovernmental Panel on Climate Change has described as "tragic" the lack of action on climate change by developed countries.
Oil prices fluctuated Tuesday as a stronger dollar and weakening crude demand from China balanced concerns about the Russia-Georgia conflict and its potential to disrupt crude supplies in the region
The Group of Seven industrialized countries is outmoded and should be replaced with a new entity that would include growing economies in Asia and Latin America, World Bank President Robert Zoellick said Monday.
Europe must show that it can respond like the United States in the "trial by fire" of the global financial crisis, International Monetary Fund head Dominique Strauss-Kahn says.
Once the world's biggest donor nation, Japan is stepping up efforts to boost its influence in resource-rich developing countries by creating a super agency
Boosting connectivity should do the same to the continent's social and economic health, granting citizens access to crucial online health, education and government services
With such beautiful beaches, many tourists get no further than the resorts of Zanzibar. But there's plenty more on offer on these tropical islands in the republic of Tanzania.
It has been said before that environmental-friendliness is a luxury few can really afford.
The dollar gained ground against other major currencies Tuesday as oil prices tumbled and the global economy continued to show sings of weakness.
Debate is rife in Australian political circles about whether carbon trading is the way forward for climate change abatement.
The head of the Intergovernmental Panel on Climate Change has described as "tragic" the lack of action on climate change by developed countries.
Oil prices fluctuated Tuesday as a stronger dollar and weakening crude demand from China balanced concerns about the Russia-Georgia conflict and its potential to disrupt crude supplies in the region
President Hugo Chavez on Thursday ordered the nationalization of the Banco de Venezuela "to put it at the service of Venezuela" after denying approval for its sale.
President Bush on Wednesday hailed the move by G-8 leaders to coalesce behind a global climate-change strategy, claiming "significant progress"
The leaders of the Group of Eight nations expressed concerns Tuesday about Iran's nuclear program and Zimbabwe's election crisis.
A call from the world's most powerful nations to establish the goal of halving greenhouse gas emissions worldwide by 2050, was criticized by environmentalists Tuesday.
President Bush's recent nomination of Santanu "Sandy" Baruah to head the Small Business Administration (SBA) was met neither by celebrations or jeers in the small business community, but by a resounding "Who?"
From July 7 to 9, the small town of Toyako in Japan will become the center of the world when the leaders of the G8 countries meet for their annual summit.
President Bush on Sunday defended his decision to attend next month's Olympics opening ceremony in Beijing, saying that to boycott "would be an affront to the Chinese people."
President Bush heads to Japan on Saturday for his final G-8 summit of world leaders as the global economy slumps, energy prices soar and food shortages loom in the developing world.
What to do about mounting global economic woes will be a focus of debate at the upcoming meeting of industrialized nations in Japan
Sen. John McCain discussed free trade, illegal drugs and better relations Tuesday night with Colombian President Alvaro Uribe.
Sen. John McCain, the presumptive Republican nominee for president, arrived in Tuesday in Colombia on a three-day trip that includes Mexico to talk about trade and drugs.
Fortune: There's been a lot of bad economic news lately. On Friday we got a lot of bad economic numbers. The stock market took a big dive. It seems pretty clear that the country's facing grave economic challenges right now. But I'd like you to look a little further down the road, to when you're in the Oval Office - what do you see as the gravest long-term threat to the U.S. economy?
As Sen. John McCain prepares to promote free trade during a high-profile trip to Colombia and Mexico, a poll out Tuesday suggests the issue may be a political hurdle as the general election campaign heats up.
A new study says gentrification isn't a bad word, and that on average, a changing neighborhood can be a boon for its residents
President Bush has selected a new leader for the Small Business Administration: Santanu "Sandy" Baruah, who currently heads the Economic Development Administration at the Department of Commerce and has been a member of the Bush administration since 2001.
World energy use is expected to surge 50% from 2005 to 2030, largely due to an expanding population and rapid economic growth, according to a government report Wednesday.
The general campaign is on, independent voters are up for grabs, and Barack Obama is toning down his populist rhetoric - at least when it comes to free trade.
Finance ministers from the Group of Eight industrialized nations urged oil producers Saturday to boost output
The percentage of underweight babies born in the U.S. has increased to its highest rate in 40 years, according to a new report that also documents a recent rise in the number of children living in poverty
Millions of people in Zimbabwe already facing economic hardship and hunger are being put at risk by a government ban on relief organizations, the United Nations warned Friday, saying it would urge a lifting of restrictions.
Analysis: Economic inequality, not racism, drove the wave of anti-immigrant violence that shook the post-apartheid order. And that's a global problem
The World Bank is making $1.2 billion available in grants and loans to combat the global food crisis, including $200 million for those most at risk in the world's poorest countries.
Three decades ago, in a bleak stretch of the 1970s, an economic phenomenon emerged that was as ugly as its name: stagflation. It was the sound of the world hitting a wall, a combination of no growth and inflation. It created an existential crisis for the global economy, leading many to argue that the world had reached its limits of growth and prosperity. That day of reckoning was postponed, but now, after a 30-year hiatus, at least a mild bout of stagflation has returned, and matters could get much worse. We are back to the future, with the question we asked 30 years ago: How can we combine robust economic growth with tight global supplies of such critical commodities as energy, food, and water? It's worth comparing the earlier episode of stagflation with our current travails to help us find our way. In fact, this time the resource constraints will prove even harder to overcome than in the last round, since the world economy is much larger and the constraints are much tighter than
Simply by chance, a pair of new cars fell into my hands last weekend that perfectly demonstrated the yin and yang of today's auto industry. The Pontiac G8 was powerful, exciting, fun to drive - and as obsolete as the buggy whip. The Nissan Cube was homely, utilitarian and slow - and we all ought to get used to it, because that's what most of us are going to be driving in the future.
As Myanmar began a three-day mourning period Tuesday, the World Bank reiterated that it cannot provide financial assistance or loans to the cyclone-ravaged country because of unpaid debts.
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."
Food prices are soaring sending political shockwaves around the world but the reasons behind the looming crisis are numerous and complicated.
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.
While governments across the region grapple with the rising cost of food, groups like the Organization for Economic Co-operation and Development (OECD) are working to create strategies to address the problem.
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.
China's economy is booming and Sheikh Mohammed Bin Rashid Al Maktoum's visit there this week highlights the U.A.E.'s ambitions to join in on this growth. CNN's John Defterios (JD) sits down with Shaukat Aziz (SA), former Prime Minister to Pakistan to talk about the emerging relationship.
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.
As Middle East economies try to combat the impact of rampant inflation this week, Egypt raised interest rates for a second time this year to control the problem.
The British government said Monday that struggling mortgage lender Northern Rock would remain nationalized until the current financial climate improves.
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.
It can't be easy to talk up the U.S. economy in the middle of a global stock market sell-off based on growing fears of a U.S. recession.
A series of leading business schools have joined forces for a new project that aims to assist students a world away from the stereotypical privileged, male MBA student -- ordinary women in developing countries.
The Gulf may still be booming but inflation - and skyrocketing prices - is making life tough for the workforce.
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
Dramatic economic expansion in the Middle East has forced the region to shop around for talent.
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.
Yvo de Boer, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), hast fielded questions exclusively from CNN.com users on the environmental issues that matter to you. De Boer is the United Nations' top official on climate change.
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.
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