The world economy has run into a brick wall. Despite countless warnings in recent years about the need to address a looming hunger crisis in poor countries and a looming energy crisis worldwide, world leaders failed to think ahead.
Thirty years ago, Vietnamese soldiers waged a final, furious battle in the hills of Lang Son near the country’s northern border to push back enemy troops. Both sides suffered horrific losses, but Vietnam eventually proclaimed victory
This post is in partnership with Worldcrunch, a new global news site that translates stories of note in foreign languages into English. The article below was originally published in Le Monde
Homeownership has let us down. For generations, Americans believed that owning a home was an axiomatic good.
Iraqi Prime Minister Nuri al-Maliki heads to the White House on Tuesday to meet President Barack Obama with the need for a timely election in Iraq dogging him. Waves of destabilizing violence across the country are feared if the January 16 parliamentary election is delayed.
Saudi Arabian businessman Ali Al Faraj has sealed his takeover of English Premier League side Portsmouth, becoming the second new owner of the side in six weeks. Sulaiman Al Fahim, who bought the football club just six weeks ago, has sold 90 percent of his stake to Ali Al Faraj’s holding company Falcondrone Limited according to the club’s Web site
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession. The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.
Disgraced former Peruvian President Alberto Fujimori pleaded guilty to charges of illegal wiretapping and embezzling government money to bribe politicians and journalists to support his 2000 re-election campaign, the official Andina news agency reported.
President Obama said Wednesday that the nations of the world are failing to work together to confront the most pressing challenges of today. “Now is the time for all of us to take our share of responsibility for a global response to global challenges,” Obama said, in his first speech as president to the U.N
Some of the tens of thousands of refugees who fled to China to escape fighting in Myanmar are beginning to return home as tensions have eased, police said. An estimated 37,000 people were displaced by the fighting, Meng Sutie, police chief in southern China’s Yunnan Province, told China’s state-run Xinhua news agency Sunday.