News

Mongolia awards Prince Andrew for publicizing country
Mongolian President Elbegdorj Tsakhiagiin on Sunday presented the Golden Gerege prize to British Duke of York Prince Andrew for his contribution toward publicizing the Asian country.
Davos 2010 ends discussions on global issues
World leaders on Sunday concluded their five-day discussions on post-crisis economic recovery, the improvement of financial regulation and climate change.
China is not only a market but a resource, says Alcatel-Lucent CEO
China is not only a huge market but also a huge resource, said Ben Verwaayen, chief executive officer of Alcatel-Lucent, a global telecommunications corporation headquartered in Paris, France.
Shell, Dow Chemical CEOs hope to increase investment in China
The CEOs of Shell and Dow Chemical, two oil and chemical giants in the world, have said they are willing to expand investment in China as the country is increasingly important on the global stage.
China will be biggest contributor to us: Standard Chartered
"China is a core pillar market for us and China will be the biggest contributor to us for the long term, " said Jaspal Bindra, Asian chief executive officer of British bank Standard Chartered.
IMF chief calls for caution on pulling back economic stimulus
Dominique Strauss-Kahn, managing director of the IMF, warned on Saturday that world leaders should remain cautious on pulling back the various stimulus packages they have implemented in response to the global economic crisis.
WTO ministers reaffirm commitment to fight protectionism
Some 17 WTO trade ministers on Saturday reaffirmed their commitment to fight protectionism despite the world trade body's long-time deadlock in the Doha Round trade-opening negotiations.
Time arrives for reforming financial regulation system: HSBC chairman
It is the right time for the authorities to start to think about the best ways of strengthening the financial markets when the global economy has stabilized, said Stephen Green, chairman of HSBC, the largest bank in Europe.
Ernst & Young CEO confident of China's growth prospects
The CEO of Ernst & Young thinks China's long-term economic prospects are strong and that the Asian giant will experience occasional roadblocks in the coming years but continue to be a world economic leader.
The Gates pledge US$10 bln on vaccines for poor countries
Bill and Melinda Gates announced on Friday that their foundation will commit 10 billion US dollars over the next 10 years to help research, develop and deliver vaccines for the world's poorest countries.
Mexican president calls for "robust" deal on climate change
Mexican President Felipe Calderon on Friday called on business and political leaders to make concerted efforts for a "robust" agreement on climate change.
China brings breeze of hope to grim world economic landscape
Davos, the Swiss ski resort and home to the annual meeting of the World Economic Forum (WEF), has borne witness to China's confidence in its economic development and its share to help with world economic recovery
Summers: U.S. economy recovering
The U.S. economy has shown signs of recovery thanks to the fiscal and monetary stimulus measures taken by the Obama administration, but it's certainly not the time for celebration, White House economic adviser Larry Summers said on Friday.
Strong appeals made at Davos for Millennium Development Goals
Strong appeals were made on Friday that the U.N. Millennium Development Goals should be realized despite global economic setbacks.
Chinese VP proposes way forward for world economy at Davos
Chinese Vice Premier Li Keqiang on Thursday outlined China's response to the economic crisis and its follow-up policies and put forward proposals for global recovery.
Vice premier's Switzerland trip fruitful
Chinese Vice Premier Li Keqiang's fruitful trip to Switzerland and his attendance at the annual meeting of the World Economic Forum (WEF) have contributed to strengthening cooperation, mutual trust, mutual benefit and joint exploration of ways for post-crisis development.
Li makes proposal on world economic development
Chinese Vice-Premier Li Keqiang on Thursday made a five-point proposal to promote the sound recovery and sustained development of the world economy.
Resolute decision, timely measures aid China in crisis
Chinese Vice-Premier Li Keqiang said in Davos on Thursday that it was resolute decisions and timely measures taken by the central government that helped China post an overall growth of 8.7 percent last year during the global economic crisis.
Chinese vice premier delivers inspirational speech in Davos
It was snowing and freezing in Davos, a Swiss Alpine ski resort situated in a valley against the backdrop of beautiful snow-covered mountains. The World Economic Forum (WEF) is holding its annual meeting in Davos.
Li Keqiang's speech at Davos adds impetus to world economic recovery
Chinese Vice Premier Li Keqiang's speech at the Davos forum Thursday added fresh momentum to the world economic recovery by outlining China's encouraging economic prospects and calling for int'l efforts to boost economic activity.
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