Jan. 30, 2008 23:39

China’s Yin, India’s Yang

Posted by NancyOta under [International Politics ]
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The following article discusses the new found friendship between China and India. Recently, bitlateral trade between the two rising economic powers has increased "tenfold since 2002." Additionally, both countries have started regular joint military exercises. http://www.cfr.org/publication/15312/chinas_yin_indias_yang.html?breadcrumb=%2F
 

Jan. 30, 2008 21:19

EU/Brazil beef dispute

Posted by NancyOta under [International Politics ]
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The EU has announced that it will stop the import of Brazilian beef to its member countries as a result of disease concerns. http://news.bbc.co.uk/go/em/fr/-/2/hi/americas/7218965.stm . If unresolved, this dispute could head to the WTO for settlement under the rules of the WTO dispure resolution body as similar disputes involving foot and mouth disease in cattle have been resolved.
 

Jan. 30, 2008 17:10

US federal reserve cuts interest rates

Posted by NancyOta under [Finance ]
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The US Federal Reserve cut interest rates to 3% today, which will likely have at least a confidence-based effect on the global markets as a whole. See http://news.bbc.co.uk/go/em/fr/-/2/hi/business/7218055.stm .