Gernot Heller

IMF presses Europe to contain debt crisis

Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy.

China resists G20 deal on indicators

China was holding out on Saturday against an agreement among the world's major economies on ways to measure and correct global economic imbalances.

Leaders play down austerity split on eve of G20

The richest economies, saddled with huge debts after spending their way out of the crisis, papered over differences on how to clean up their finances.

G8 nations to ask for study on ending stimulus

The world's rich nations are expected on Saturday to commission a study on how to unwind policies to rescue their economies

G7 signals worst of world recession may be over

Finance chiefs from the G7 powers said on Friday the global economy may be past the worst phase of a recession although recovery was not yet assured.

G20 backs rescue funds boost as crisis summit looms

G20 finance ministers promised money to rescue troubled emerging market economies and said they would use monetary firepower to combat the downturn.

G8 leaders strike deal on Africa pledge

World leaders agreed on Friday a -billion pledge to fight HIV/Aids and other killer diseases ravaging Africa. ''The issue is now fixed. The text is agreed,'' a diplomat from a Group of Eight (G8) member country told Reuters on the final day of a summit of the club of industrialised nations.

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