America's deficit problem is more than fiscal: U.S. economist

WASHINGTON, Jan. 25 (Xinhua)-- The Unites States needs to address its budget deficit, but measures to be taken should not bring counterproductive effects as the nation also face jobs and growth deficits, said a renowned U.S. economist and President O

IMF: Europe's Problems Slow US Economic Recovery

The head of the International Monetary Fund, Christine Lagarde, said the tepid U.S. economic recovery could be hurt by two problems: Europe's economic troubles and U.S. political gridlock. Lagarde said the first one is clearly an exposure to potentia

India's Slowing Economy Unlikely to Stage Quick Recovery

Economists in India say the nation's economy is growing at its slowest pace in three years. From New Delhi, Economic growth is not expected to pick up significant pace anytime soon. Government estimates have confirmed what economists have been saying

Obama: Economic Recovery Is Speeding Up

President Barack Obama Friday welcomed news that the U.S. unemployment rate dropped again in January. The president again pressed Congress to support his economic proposals. Mr. Obama is encouraged by the better-than-expected numbers, which show 243,

Chavez's recovery sees progress, says Venezuelan VP

CARACAS, Jan. 15 (Xinhua) -- Venezuela's Vice President Nicolas Maduro Tuesday said President Hugo Chavez is making progress in recovering from his recent cancer surgery in Havana, Cuba. We can say that our commander is climbing the hill, he is advan

Asia-Pacific Region Critical to US Economic Recovery

In the Pacific state of Hawaii, U.S. President Barack Obama on Sunday told leaders of the 21 Asia Pacific Economic Cooperation economies that the region will be key to U.S. economic recovery. With much of the formal summit activity, including a worki

China prepares for Spring Festival travelers

BEIJING, Jan. 6 (Xinhua) -- Train stations are instituting seasonal measures on Monday to cope with large numbers of travelers during the upcoming Spring Festival holiday. Starting from Monday, passengers will be able to buy train tickets up to 20 da

Moroccan announces ACN 2013 squad

RABAT, Dec. 26 (Xinhua) -- The Moroccan national team coach Rachid Taoussi announced Wednesday the squad for the finals of the African Cup of Nations (ACN-2013) in South Africa from January 19 to February 10. Taoussi left out Queens Park Rangers forw

OPEC raises 2011 world oil demand growth forecast

VIENNA, Jan. 17 (Xinhua) -- The Organization of Petroleum Exporting Countries (OPEC) （石油输出国家组织 ）raised its forecast Monday for global oil-demand growth this year, encouraged by outlook of continued world economic recovery. In 2011

US Lawmakers Seek Information on Benghazi Attack

CAPITOL HILL U.S. lawmakers have received the first post-election briefings on the deadly September attack on the U.S. consulate in Benghazi, Libya. Senators are not revealing specific information provided to them by administration officials at the c

Ukraine's new cabinet takes office

KIEV, Dec. 24 (Xinhua) -- Members of Ukraine's new cabinet led by Prime Minister Mykola Azarov took oath here Monday, pledging to take steps to improve economy of the country and living conditions of its people. Economic growth is the main task of th

Rain, snow to hit south China

BEIJING, Jan.1 (Xinhua) -- Rain and snow will hit most parts of south China as a new wave of cold weather sweeps across the country's central and eastern provinces, the national observatory forecast on Tuesday. From Tuesday to Thursday, the temperatu

Snow, rain to help disperse smog

BEIJING, Jan.19 (Xinhua) -- Snow and rain is expected to fall in central and eastern China sweeping away lingering smog, weather authorities said on Saturday. The China Meteorological Administration (CMA) said from Saturday sleet and snow will fall i

Chinese navy depart for West Pacific training

MISSILE DESTROYER QINGDAO, Jan. 30 (Xinhua) -- A Chinese People's Liberation Army (PLA) Navy fleet has set off from a military port in east China's Qingdao City for regular open-sea training in the West Pacific Ocean, military sources revealed Wednes

China's economic transformation "great": Luxembourg minister

China's economic transformation great: Luxembourg minister LUXEMBOURG, Nov. 6 (Xinhua) -- Luxembourg Minister of the Economy and Foreign Trade Etienne Schneider said on Tuesday China's economic transformation has been great. The invention and researc

"Empty nesters" in focus as China marks Seniors' Day

Empty nesters in focus as China marks Seniors' Day SHANGHAI, Oct. 23 (Xinhua) -- With China's fast economic expansion driving many youngsters away from their hometowns to work in big cities, some Chinese are starting to recognize the physical and psy

Inflation Squeezes Vietnamese Workers

Vietnam recently devalued its currency, the dong, by 9.3 percent against the dollar. Analysts say soaring inflation here makes life harder for many Vietnamese workers. Consumer prices in Vietnam this January were more than 12 percent higher than they

UN: Inflation Fears Continue in Asia

A United Nations economic survey for Asia Pacific says the region is now a leading driver of global economic growth, continuing a dramatic recovery from last year. U.N. economists warn that rising oil and food prices especially threaten millions of t

Egypt's Inflation Tops 12 Percent

Soaring food prices, one of the triggers that toppled former Egyptian(埃及的 ) President Hosni Mubarak, helped push the country's annual inflation rate past 12 percent in April. Egypt's statistical agency reported Tuesday that food and beverage co

IMF sees inflation "significant risk" in Britain

WASHINGTON, June 6 (Xinhua) -- The International Monetary Fund (IMF) said on Monday that it saw inflation the No. 1 challenge for the British economy in 2011. There are significant risks to inflation, growth and unemployment, the Washington-based fin