United Nations Secretary General Ban Ki-moon says the world is finally in a position to eradicate AIDS, but says funding will be critical to future progress in fighting the epidemic. In a statement to commemorate World AIDS Day on Thursday, Mr. Ban urged international donors to meet the estimated $24 billion needed annually to fully […]
On World AIDS Day, UN Urges Continued Support for Initiatives
Posted December 1st, 2011 at 11:55 am (UTC-5)
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Asian Stocks Surge After Global Central Bank Action
Posted December 1st, 2011 at 5:25 am (UTC-5)
Stock markets in Asia soared Thursday, continuing a global rally after the world’s major central banks took coordinated steps to support Europe’s troubled economy. Shares in Japan’s Nikkei average closed up nearly two percent, while Hong Kong’s Hang Sang Index surged more than 5.5 percent. Those followed gains Wednesday of more than three percent at […]
On World AIDS Day, UN Urges Continued Support for Initiatives
Posted December 1st, 2011 at 4:35 am (UTC-5)
United Nations Secretary General Ban Ki-moon says the world is finally in a position to eradicate AIDS, but says funding will be critical to future progress in fighting the epidemic. In a statement to commemorate World AIDS Day on Thursday, Mr. Ban urged international donors to meet the estimated $24 billion needed annually to fully […]
World Bank: Afghanistan Faces Decades of Budget Shortfalls
Posted November 22nd, 2011 at 6:30 pm (UTC-5)
The World Bank predicts Afghanistan will face an annual $7 billion annual budget shortfall over the next 10 years, meaning it must rely on foreign aid for years to come. The new World Bank report says the Afghanistan cannot raise enough revenue to pay for basic government services. This is on top of what it […]
Asian Markets Rebound
Posted November 14th, 2011 at 5:05 am (UTC-5)
Asian stock markets are trading sharply higher Monday, buoyed by good news from Italy, Greece, China and Japan. Investors appear optimistic that new leadership in Italy and Greece will make progress on resolving Europe’s debt crisis. Markets also responded positively to a new report that indicated Japan’s economy has expanded for the first time in […]
Asian Markets Rebound
Posted November 14th, 2011 at 2:55 am (UTC-5)
Asian stock markets are trading sharply higher Monday, buoyed by good news from Italy, Greece, China and Japan. Investors appear optimistic that new leadership in Italy and Greece will make progress on resolving Europe’s debt crisis. Markets also responded positively to a new report that indicated Japan’s economy has expanded for the first time in […]
IEA: Grim Prediction For World Energy Costs, Climate Change
Posted November 9th, 2011 at 11:00 am (UTC-5)
The International Energy Agency says the world could face “viciously” higher prices and greater risk of climate change unless there are major changes in the way nations, companies and consumers use energy. Wednesday’s IEA report predicts that energy demand will grow 40 percent by 2035, which could push the price of a barrel of oil […]
IEA: Grim Prediction For World Energy Costs, Climate Change
Posted November 9th, 2011 at 10:40 am (UTC-5)
The International Energy Agency says the world could face “viciously” higher prices and greater risk of climate change unless there are major changes in the way nations, companies and consumers use energy. Wednesday’s IEA report predicts that energy demand will grow 40 percent by 2035, which could push the price of a barrel of oil […]
Obama Regains Top Spot on Forbes Most Powerful List
Posted November 2nd, 2011 at 6:15 pm (UTC-5)
U.S. President Barack Obama is back on top of Forbes magazine’s annual list of the world’s 70 most powerful people. Chinese President Hu Jintao took over the top spot last year from Mr. Obama. The U.S. president regained it because, according to Forbes editor Michael Noer, Mr. Hu’s power is decreasing. Mr. Hu fell to […]
World Welcomes 7 Billionth Baby
Posted October 31st, 2011 at 11:30 am (UTC-5)
The world’s population hit 7 billion on Monday amid celebrations and concerns about how the growing number of people will impact the earth’s resources. The United Nations chose October 31 to mark the milestone. Although it is impossible to pinpoint the arrival of the world’s 7 billionth baby, the Philippines was the first country to […]
