International Monetary Fund
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Despite the lovefest carefully choreographed by China's increasingly sophisticated image makers last week, the United States is engaged in a high-stakes battle for economic and military supremacy in Asia and elsewhere. That battle is more complicated than the casual observer might imagine. There is a growing sense among many Asia- and China-watchers that the U.S. is engaged in a historic contest with not one, but two Chinas.
Millions of mobile-phone subscribers in Africa saw the icon on their phone screens change from the Bahrain company Zain to the Indian company Airtel last fall. The change means little to the average customer, but for the continent, it's another sign that India is moving in.
Irish Prime Minister Brian Cowen announced Sunday he won't resign despite intense criticism of his management of the country's European-record deficit and its international bailout.
Borrowing rates for Portugal briefly spiked Monday after reports over the weekend that Germany and France are pushing it to accept outside help to keep the debt crisis in Europe from spreading.
The second-largest member of Pakistan's ruling coalition reversed its decision to join the opposition Friday, averting the potential collapse of the government in this nuclear-armed nation.
Unless the Winter Olympics are on television or someone is clubbing baby seals, Americans don't pay much attention to what's happening in Canada. It's as if we live in a house with a set of quiet, orderly neighbors on one side and a bachelor pad with drunken parties, girls in the hot tub and occasional gunshot eruptions on the other. To whom would you pay more attention?
Moody's slashed Ireland's credit rating five notches on Friday and warned of further downgrades if the country cannot regain command of its debts and tame its deficit.
European Union nations agreed to give $89.4 billion in bailout loans to Ireland on Sunday to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency.