As diplomats scramble to avert a Palestinian request for full United Nations recognition this week, the European Union remains deeply divided on the issue. Analysts say the differences may undermine Europe's efforts to play a meaningful role in the M...
Greece has started a second round of talks with international creditors on its precarious financial plight, as there are new warning signs throughout Europe about the fallout from the continent's debt contagion. Finance Minister Evangelos Venizelos t...
The International Monetary Fund says the U.S. economy is struggling to overcome sluggish growth due to an unresolved government debt crisis and weaknesses in the housing market and household finances. In a report released Tuesday, the IMF downgraded...
As President Barack Obama prepares to announce a plan to slash U.S. government deficits by trillions of dollars, a powerful Republican lawmaker is already criticizing key components reportedly contained in the proposal. Efforts to get more federal re...
Presenting his second major set of economic proposals in 10 days, President Barack Obama has unveiled a plan for more than $3 trillion in spending reductions over the next decade, saying all Americans, and specifically the wealthy, will be asked to s...
Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl...
WUHAN, China, Sept. 17 (Xinhua) -- The FIBA Asia apologized Saturday for inresponsible behaviors of Qatar and promised to take furture actions against Team Qatar after the Asian FIBA Men's Basketball Championships. Definitely we'll take actions again...
ROME, Sept. 17 (Xinhua) -- Thanks to goals from Thiago Ribeiro and Joaquin Larrivey, Cagliari beat Novara 2-1 on Saturday to stay atop of the Italian Serie A table for a night with a 100 per cent record. The Sardinians were in high spirit after beati...
CHANGZHOU, Jiangsu Province, Sept. 17 (Xinhua) -- Chinese badminton team were on verge of another clean sweep after last month's world championships as they had secured one-two in three of the five events on Saturday. Shuttlers from other teams could...
MADRID, Sept. 17 (Xinhua) -- Real Madrid coach Jose Mourinho said this Saturday that he wanted his players to show a better level of concentration when they visit Levante on Sunday evening. Although Madrid have won their last two games, against Getaf...
VANCOUVER, Sept. 17 (Xinhua) -- The fourth International Health Qigong Tournament and Exchange kicked off the competition portion of the Vancouver event Saturday to showcase the health benefits of this increasingly popular activity. At a gala opening...
General Motors Company and the United Auto Workers union reached a tentative agreement on a new four-year contract late Friday in Detroit, Michigan. Details of the settlement are being withheld, pending a review meeting with local union leaders and r...
The lawyer for two Americans jailed in Iran says he needs the signature of one more judge on bail papers before his clients can be released. Masoud Shafiei said Saturday he hopes Iran's judiciary will clear the way for the payment of $1 million bail...
BRUSSELS, Sept. 16 (Xinhua) -- World record holder Usain Bolt marked the fastest 100m of the season on Friday, clocking 9.76 seconds at the Diamond League. Bolt, 25, bettered the previous season best time of 9.78 seconds set by compatriot Asafa Powel...
JAKARTA, Sept. 16 (Xinhua) -- East Kalimantan province will host its second 2011 Bank Kaltim Indonesia Open Grand Prix Gold badminton tournament at the end of this month, predicting a successful event like it was last year, local media reported on Fr...
