World markets have responded positively to a public-private investment program designed to buy up hundreds of billions of dollars worth of questionable assets currently on the books of American banks. US Treasury Secretary Tim Geithner listens durin...
The head of the International Monetary Fund, Dominique Strauss-Kahn, said Tuesday that the hard-won income gains in Sub-Saharan Africa during the past decade could be wiped out by the still unfolding global financial crisis. In a new study, the IMF...
This is the VOA Special English Economics Report. President Obama has accepted responsibility for problems involving his nominees for two important positions. On Tuesday, the President's choice to lead the Department of Health and Human Services wit...
U.S. President Barack Obama made a quick trip to Canada on Thursday - his first foreign journey since assuming office. His talks with Canadian Prime Minister Stephen Harper focused on the global economic recession, trade, energy, the environment and...
U.S. President Barack Obama begins his first foreign trip since taking office when he heads to Canada on Thursday. Pres. Obama steps out of his limousine before departure from Sky Harbor International Airport in Phoenix, 18 Feb 2009 White House offi...
Authorities in Pakistan have agreed to introduce Islamic law in a restive northwestern region in a bid to stop a spreading Taliban insurgency. Taliban and Islamist militants listen to speakers at a meeting with Pakistani officials in Peshawar, 16 Fe...
The World Bank's chief economist, Justin Yifu Lin, on Monday repeated his call for coordinated global stimulus to get the global economy out of deep recession. World Bank's chief economist, Justin Yifu Lin, 28 Jan 2009 Lin told an audience at Washin...
A tour by India's national cricket team to Pakistan early next year has been canceled. The move was widely anticipated, in wake of the terror attack on Mumbai which India blames on Islamic extremists from Pakistan. From left, former Olympian Milkha...
India and Pakistan have opened a trade route in the divided region of Kashmir for the first time in six decades. As Anjana Pasricha reports from New Delhi, hopes are high that the latest confidence-building measure between the two countries will low...
Russia's president said Sunday that Russian troops will begin pulling out of Georgia on Monday, as Western leaders called on Moscow to abide by its commitments under a cease-fire deal. French President Nicolas Sarkozy, who brokered the truce, warned...