Topic: Group of Twenty

Q&A with US Chamber of Commerce CEO Tom Donohue

US Chamber of Commerce President Thomas Donohue discussed efforts in Congress to raise the liability cap on BP for its role in the Gulf oil spill at a May 28 Monitor Breakfast.

Gulf oil spill: Will Obama bring it up at the G8, G20 meetings?

Several nations that will be represented at the G8 and G20 have deepwater drilling off their shorelines. So they have an interest in hearing any remarks from Obama about the Gulf oil spill.

G-20 summit: financial reform is needed. But how fast?

As G-20 summit to focus on a split over approach: Will reining in spending cut debt, or stall jobs and growth?

As US and EU slap on more Iran sanctions, Russia is miffed

The US and EU announce Iran sanctions that go beyond those approved by the UN Security Council last week. Moscow decries their 'political disregard for their partnership with Russia.'

Top 10 military spending nations; oil countries post biggest jumps this decade

Despite a global recession, worldwide military spending increased in 2009 by its fastest pace since 2003, according to a new report by the Stockholm International Peace Research Institute. Chad boosted spending by 663 percent. The US still has the biggest defense budget.

Coming soon: a 'Robin Hood' bank tax?

The odds are rising that industrial nations will coordinate a substantial bank tax to reduce high budget deficits while shielding social programs.

President Sarkozy urges revamped trade ties at Africa-France Summit

French President Nicolas Sarkozy on Monday brought a number of new proposals to boost business ties with Africa during the 25th Africa-France Summit in Nice, France.

Will China ever revalue its currency? Maybe next month.

China is under international pressure to revalue its currency to address trade imbalances. It didn't do it at this week's bilateral meeting with US officials but may ahead of G-20 meetings in June.

World debt crisis: eight reasons you should care

As the world starts to focus on its debt crisis, Greece's financial woes may presage problems to come in Europe and the United States – with implications for your bank account and stock portfolio.

Will David Cameron hit it off with Obama more than Brown did?

The chilly rapport between Obama and David Cameron’s predecessor, Gordon Brown, is a thing of the past. The weeks ahead will tell if the 'special relationship' between the US and UK still has life.

Economic clout rising, China takes No. 3 seat on World Bank

The World Bank agreed Sunday to boost China’s voting share to 4.42 percent, giving it the third biggest say after the United States and Japan.

Brazilian President Lula: BRIC countries must forge a transparent system of global governance

Brazilian President Lula weighs in on the BRIC summit where Brazil, Russia, India, and China showed they are committed to building a joint diplomatic and creative approach to world issues.

Why South Korea hesitant to blame North Korea in Cheonan ship sinking

South Korean investigators cited an 'external explosion' in the sinking of the Cheonan three weeks ago. The government is moving cautiously toward blaming North Korea, though it appears keen to avoid an escalating crisis.

In Brazil, will BRIC summit unify or reinforce their rifts?

While the BRICs are four emerging economic powerhouses (Brazil, Russia, India, China), post-financial crisis differences are creating problems, says some analysts. Will today's summit mend those rifts or widen them?

G8 leaders: Growing momentum for Iran nuclear sanctions

At a G8 meeting in Canada, officials said they felt growing momentum for action against Tehran. In addition to Iran nuclear sanctions, they are considering a UN Security Council resolution.

For Obama, no buddies abroad

Other U.S. presidents have bonded with foreign leaders, but Obama so far has no such ties. Does that matter?

Hidden cause of great recession and next financial crisis? Debt

On the surface, global economic rescue efforts appear to have been successful, but they've only worsened the original problem – too much debt.

The Greek debt crisis: how the international community can help

To help end the Greek debt crisis, Europe and America must jointly step in to shore up global financial regulation.

Olympic figure skater Kim Yuna: Koreans revel in her dazzling lead

Korean Olympic figure skater Kim Yuna thrilled her countrymen as she took a commanding lead in the Olympic short program, beating out Japan's Mao Asada.

UN climate chief resigns

Yvo de Boer, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), steps down, effective July 1.

Treasury Dep’t: How the 'Former-Zombie Bank Tax' Will Work

State of the Union address -- President Obama's full remarks

Full text of President Obama's State of the Union address

US economy needs a second stimulus

The last stimulus package didn’t take into account the fiscal problems the recession would create for state and local governments.

Israel must get used to the new Turkey

Unless Israel improves the humanitarian situation in Gaza, tension between Turkey and Israel will remain.