U.S. Congress enters crucial week in budget, debt limit battles
As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation's borrowing power or risk default.
Netherlands takes legal action against Russia over Greenpeace activists
The Netherlands launched legal proceedings against Russia on Friday, saying it had unlawfully detained Greenpeace activists on a Dutch-registered ship for protesting against oil drilling in the Arctic.
China's capital to replace some coal-fired heating plants
China will replace four coal-burning heating plants in the capital Beijing with natural gas fired ones by the end of next year as it steps up efforts to clean up pollution, the official Xinhua news agency reported on Saturday.
Washington enters fifth day of shutdown, no end in sight
Washington entered the fifth day of a partial government shutdown on Saturday with no end in sight even as another, more serious conflict over raising the nation's borrowing authority started heating up.
EU's Ashton says crucial for all to join Egyptian political process
European Union foreign policy chief Catherine Ashton urged Egypt's army-backed government and Muslim Brotherhood on Thursday to take part in an inclusive political process - but neither side seemed prepared to heed the call
Bank of Japan warns of severe global impact from U.S. fiscal standoff
A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery underway in the world's third-largest economy was threatened.
U.S. default seems unthinkable but investors have options
Investors who behave conventionally are likely to get burned if the political standoff over the federal budget and the debt ceiling ends up forcing the United States to default.
EU preparing to charge Gazprom in antitrust case
EU regulators are preparing to charge Russian gas export monopoly Gazprom with abusing its dominant position in central and eastern Europe, the EU's antitrust chief said on Thursday, in a move that could lead to a fine of up to $15 billion.
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