Group items tagged

Russia's New Zealand News Agency reported on June 4 that the German left-wing party's deputy chairman and member of the Bundestag's Sarah Wagenkenecht had called on Russia's return to the G8 Group when he was interviewed by the German radio station. "In order to balance the U.S. influence in internationally important clubs."

Meeting ahead of the G8 and G20 summits in Toronto in June, heads of business chambers from G8 nations have urged their leaders to institute new polices to sustain recovery from the economic meltdown.

With Canadian taxpayers paying through their nose to host the G8 and G20 summits this month, many political leaders, including former prime minister Paul Martin, have joined in protests against the billion-plus dollar cost of the gatherings.

Before G8 and G20 summits in Toronto next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has mounted an international effort to scuttle the idea. To get the US, India, China and other economies on their side and scuttle the idea, three Canadian ministers have reached Washington, Mumbai and Shanghai.

There is a lot to worry about financially no matter which continent you are observing nowadays. So why is the market acting like it is 2004 and not 2008?