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/ 14 January 2008

Malawi ends ties with Taiwan in favour of China

Malawi has cut diplomatic ties with Taiwan after 41 years and established links with China, which has become a major economic power in Africa. ”We have decided to switch from Taiwan to mainland China after careful consideration of the benefits that we will be getting from mainland China,” Foreign Affairs Minister Joyce Banda told a press conference on Monday.

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/ 16 September 2007

Alan Greenspan criticises Bush in new book

Former Federal Reserve chairperson Alan Greenspan, in a memoir to be released on Monday, criticised President George Bush and congressional Republicans for abandoning fiscal discipline and for putting politics ahead of sound economics. In his book, Greenspan said he was surprised Bush was unwilling to temper his campaign promises with fiscal reality once elected.