Europe's consistent inability to move quickly enough to get ahead of the financial markets during the Greece crisis is shaking the euro and the foundations of the European Union itself, as critics of the euro have long predicted would happen.
Analysts and investors have begun to focus on the risks to European banks if severe budget cuts by debt-ridden countries freeze credit markets and cause a double-dip recession.
Leaders from the euro zone countries signed off on a support package for Greece on Friday night and pledged to take steps to stanch a spreading debt crisis before markets opened on Monday morning.
The growing crisis in the eurozone threatened to undermine the global economic recovery as markets plunged across the world on fears that European leaders may not be able to contain the debt contagion spreading from Greece.
What really went on at the UN climate conference in Copenhagen? Secret recordings reveal how China and India prevented an agreement on tackling climate change at the crucial meeting. The powerless Europeans were forced to look on as the agreement failed.
The core drivers of globalization are alive and well, but executives are still grappling with how to seize the opportunities of an interlinked world economy.
China is busy turning the global challenge of climate change into a national opportunity, but it needs another decade to advance its technology to the point where superior manufacturing and lower costs will secure its dominance of the clean-tech sector. By giving China more time to develop its capacity while neglecting our own, America is not just losing the clean-tech race, it's forfeiting it.
Markets in the United States and Europe fell and the euro hit another low for the year on Thursday after the European Central Bank disappointed investors hoping for decisive action to contain the euro zone's increasingly virulent debt crisis.
No time is wasted. The bullet train is moving all the time. If there are 30 stations between Beijing and Guangzhou , just stopping and accelerating again at each station will waste both energy and time. A mere 5 min stop per station (elderly passengers cannot be hurried) will result in a total loss of 5 min x 30 stations or 2.5 hours of train journey time!
En China, el diseñador Chen Jianjun creó una alternativa complementaria a las altísimas velocidades que alcanzan los trenes modernos, los que deben detenerse en cada parada para tomar y dejar pasajeros, lo que hace perder tiempo y energía al sistema, debido a las frenadas y cambios de rapidez.
China is spending mountains of money to expand its country's high-speed railway network and manufacture the world's fastest trains. But do its ambitions in the railway sector justify how these goals are being pursued -- and the risks they might ultimately pose?
Emergency moves by the European Central Bank on Monday and the €110bn ($145bn) international rescue package agreed over the weekend have failed to quell investor fears about the future of the eurozone as concerns have risen about other member countries' stability.
Spain risks falling into the same trap as Greece, these investors say, unless it takes more forceful action. It could find itself unable to raise money on the private markets at acceptable interest rates - even though its government debt burden, as a share of the overall economy, is only half what Greece carries.
Markets fear deal will not cover Greece's borrowing needs. German minister: Greece could need more money. Cost of insuring Greek, Spanish and Portuguese debt rises.
Greece is only the beginning. The world's leading economies have long lived beyond their means, and the financial crisis caused government debt to swell dramatically. Now the bill is coming due, but not all countries will be able to pay it.
An absolute environmental catastrophe is unfolding in the Gulf of Mexico right now. British Petroleum (BP) has opened up the sea floor 40 miles off the Louisiana coast allowing millions of gallons of crude oil to erupt into the Gulf. The scope of the discharge is far worse than being reported in the main-stream-media.