World Bulletin / News Desk
French President Francois Hollande said on Thursday that Paris and Berlin were in broad agreement on measures to stimulate growth but had not yet hammered out a deal on short-term steps to stabilise the euro zone's most fragile economies.
"There are points in common on growth luckily, (German Chancellor Angela) Merkel has moved in the direction I wanted," he told France 2 television before taking the train to Brussels for a two-day EU leaders summit.
"There is also an agreement on the financial trasaction tax, but we still need one on stability. There are ongoing discussions, it's normal," he added. "We need to act in support of the countries which need it: Spain and Italy."
The French economist calls for redistribution of global wealth, which he says is too concentrated in the hands of the few.
Bank cites high financing costs and financing difficulties as challenges that need to be addressed to sustain growth.
Smuggling is denying Tanzania some 80 percent of receipts accrued from the precious gemstone
The Africa initiative will create "one huge free-trade union" allowing foreign investors in Egypt to more easily reach 260 million consumers from South Africa to Ethiopia.
Budapest says the collapse of the rival Western-backed Nabucco project to bring gas from Azerbaijan to Europe, and stalled plans to build inter-connector pipelines within eastern Europe, have left it with no alternative.
In Russia, the idea of a Saudi-U.S. plot against Moscow has become common currency as the economy struggles under the effects of low oil prices and Western sanctions imposed
Lithuania's new LNG terminal represents an end to Russia's gas monopoly in Lithuania, says Lithuania's president
The minister said the militants considered the eastern Syrian cities "safe for them" and thus transferred wheat and barley in Nineveh "to preserve it".
Decreasing oil prices are intended to pressurize and punish Iran and Russia: Int. Financial Markets expert says
Prices rise 30 percent as new president's deeply unpopular subsidy cut takes effect.
Japan's prime minister is to turn to the polls to see if his decision not to hike taxes can gain electoral support.
The agreement between the two countries, which trade around $3.2 billion in goods each year, will enable New Zealand to better compete with other countries in its sixth-largest export market.
G20 summit in Brisbane produced 800 commitments after two days of talks
The agreement gives Australian dairy farmers tariff-free access within four years to China's lucrative infant formula market, minus any of the "safeguard" caps that currently restrict competitors from New Zealand.
The shockingly downbeat report reinforced expectations Prime Minister Shinzo Abe will delay a sales tax hike, set for October next year, after a hike in the tax in April took a heavy toll on consumption.
More than 120 foreign and domestic companies are currently engaged in horticulture development efforts in Ethiopia.