US President Barack Obama on Tuesday said his country welcomed “China’s peaceful rise” during an unusual official visit by Chinese Vice-President and heir apparent Xi Jinping, which comes at a time of diplomatic tension over Syria and Iran.
China's Vice President Xi Jinping warned the US against boosting its military presence in Asia while vowing to address US concerns that the renminbi is undervalued ahead of a Washington visit. He is set to meet US President Barack Obama on Tuesday.
Whatever detractors of the single currency may say, a break-up of the eurozone would not be not in Germany's interest. But more than half of the country openly admits to flirting with the idea of resurrecting the Deutschmark. Others, meanwhile, argue that bringing back the former currency would be catastrophic for Germany, as our correspondents Jessica Saltz and Anne Mailliet found out.
US senators approved a bill on Wednesday that would impose duties on Chinese imports for Beijing's alleged manipulation of its currency, the yuan. China warned that the bill's passage would hurt economic relations between the two countries.
It's France and Germany to the rescue, or is it? Chancellor Angela Merkel and President Nicolas Sarkozy have announced a series of proposals that they say will restore the stability, growth and confidence in the eurozone. They say it is time for a real economic leadership and authority. Laura Baines and her panel discuss the effects these proposals will have on the financial market.
It's France and Germany to the rescue or is it? Chancellor Angela Merkel and President Nicolas Sarkozy have announced a series of proposals that they say will restore the stability, growth and confidence in the eurozone. They say it is time for a real economic leadership and authority.
Laura Baines and her panel discuss the effects these proposals will have on the financial market.
We take a look at the sharp currency devaluation in Belarus and the panic it has provoked. In Germany, Angela Merkel’s government has been refusing to follow the pack - we explore the country’s recent stances on Libya, nuclear energy and the euro. Finally, British PM David Cameron is cracking down on sexing up.
On a visit to China Wednesday French President Nicolas Sarkozy called for ambitious changes to the global monetary system, focusing on tightly-managed currencies like the Chinese yuan.
As Chinese leader Hu Jintao leaves the United States after a four-day state visit, Business Editor Stephane Marchand analyses the complex relationship between the two giants.
Chinese President Hu Jintao denied that his country represented a military threat to the world during a speech in Washington, and insisted that closer economic cooperation with the US would foster global peace and stability.
