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Obama Team Pushes for Global Stimulus, Euros Resist

Worldwide spending plan has fans in China, detractors in Europe

(Newser) - The Obama administration will press for a global stimulus at next month's G20 conference in London, setting up a possible showdown with European nations wary of further deficits, reports the Wall Street Journal. US officials, supported by Britain and China, say that more public spending is needed to reverse the...

Recession, War Top Brown's DC To-Do List

British PM will meet Obama, address Congress this week

(Newser) - Gordon Brown is en route to Washington, where the British prime minister will become the first foreign leader to meet with Barack Obama on American soil and address a joint session of Congress. The visit comes ahead of next month's G20 summit in London, and Brown will be looking for...

Brown Calls for 'Global New Deal'
Brown Calls
for 'Global
New Deal'
Feb 23, 2009 6:13 AM CST

Brown Calls for 'Global New Deal'

At Berlin meeting, British PM says world needs $500B rescue

(Newser) - The world needs to unite on a "global New Deal" to end the economic crisis, Gordon Brown said yesterday at a European summit. The British prime minister, who is chairing April's meeting of the G20, joined colleagues from France and Germany to call for a major overhaul of the...

G20 Will Push for End to Tax Havens
G20 Will Push
for End to
Tax Havens
Feb 19, 2009 7:52 AM CST

G20 Will Push for End to Tax Havens

Brown enlists Obama to help crack down on offshore facilities

(Newser) - Ahead of the G20 financial summit in London this April, Gordon Brown is pushing ahead with a major diplomatic effort to crack down on international tax havens that cost governments $150 billion a year. The British PM has held talks with fellow world leaders, including Barack Obama, reports the Guardian....

Japan Sinks Into Recession
 Japan Sinks Into Recession 
Nov 17, 2008 2:39 AM CST

Japan Sinks Into Recession

Economic downturn could last a year

(Newser) - The financial crisis rippling through the global economy has claimed another casualty as Japan has slipped into its first recession in seven years, Reuters reports. Third quarter statistics reveal a 0.1% contraction in Japan's Gross Domestic Product. Japanese economists warn the nation could languish in recession for an entire...

Summit Puts Off Thorniest Questions Until Next Year

(Newser) - Today's summit of world leaders may have found broad agreement on the need for bold reform of the global markets, but it left the toughest decisions to future meetings, the Wall Street Journal reports. The broad strokes include greater oversight of banks and credit-rating agencies, a review of executive pay,...

Developing Nations Get a Say in Economic Summit

Signals expanding of world power

(Newser) - When George Bush convenes his economic summit today, he’ll see some less familiar faces around the table. In what could signal a historic shift in global power, Bush hasn’t just invited the wealthy nations of the G-8 to this summit, but a wider Group of 20, including developing...

France's Finance Chief to Play Key Summit Role

French finance minister takes center stage at G20 summit

(Newser) - This weekend's emergency G20 summit will bring together world leaders with very different ideas of how to fix the global economy. But while heads of state and government talk in front of the cameras, one woman will be key in building a consensus: Christine Lagarde, the French finance minister....

World Leaders Desperately Seeking Obama

President-elect avoids awkward meetings at summit by staying in Chicago

(Newser) - With the leaders of 19 nations converging on Washington and clamoring to meet with the president-elect, the situation has become, as Barack Obama’s advisers tell the New York Times, “awkward.” Russian officials apparently thought President Dmitri Medvedev would be meeting with Obama, who transition advisers are keeping...

Blair Pitches Global Climate Pact

Warns change will be irreversible if something isn't done now

(Newser) - Former British prime minister Tony Blair will seek to privately broker a new international agreement to cut carbon emissions by 50% before 2050 that would include China, India and the US, reports the Guardian. Blair has been working on the project with climate change experts since he left office last...

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