First the financial crisis, then the Greek debt crisis and now speculative attacks on the euro. As European leaders desperately struggle to stabilize their common currency, concerns over inflation are growing.
Angela Merkel told a meeting of international financial leaders that the G-20 must work together to reform the finance system. Merkel is pushing for tougher market regulations despite resistance from many countries.
Financial markets have become increasingly volatile, largely because of computer trading on a massive scale. A "transaction tax" could slow down the entire operation
China and the United States opened three days of high-level meetings here on Monday meant to broaden and deepen the ties between the world's largest developed and developing economies.
Russia and Iran publicly traded barbs on Wednesday, showing strains in their longstanding alliance because of Moscow's support for a new set of American-backed sanctions over the Iranian nuclear program.
Beyond the usual anti-American rhetoric, some analysts say that Iran is trying to avoid sanctions and resolve tensions with Washington over its nuclear program.
BEIJING - The United States is spending too much on its military in light of its recent economic troubles, China's top general said Monday while playing down his country's own military capabilities.