10 May 2005 07:56 AM

The celebration of the 60th anniversary of the triumph over Nazism in World War II turned thorny on the meeting of leaders from over 50 countries that tried to soothe the situation over the dissolving democracy in Russia.

10 May 2005 07:54 AM

The US-led operation in Western Iraq that has already taken about 75 lives near the border with Syria claimed another death as a US Marine was killed, according to the Department of Defense.

06 May 2005 10:50 AM

Britain has about the lowest state pension level among developed nations, reveal the Organisation for Economic Co-operation and Development numbers. The nation ranks 26th on a list comprising 30 by the proportion of average post-tax salary that comprises the state pension.

06 May 2005 10:28 AM

Italian Prime Minister Silvio Berlusconi said he would spur the economic growth of the country ahead of the 2006 general election.

06 May 2005 10:21 AM

The UK elections showed that the voters are more conscious about the Labour Party with the Labours getting a slight majority in the House of Commons this time.

06 May 2005 10:15 AM

The Social Security plan should be overhauled as soon as possible, said House Ways and Means Chairman Bill Thomas.

06 May 2005 07:02 AM

Chinese officials are still dissatisfied with the nation’s economic growth that in their view is still too fast, according to Deputy Finance Minister Li Yong.

05 May 2005 10:45 AM

The U.S. Securities and Exchange Commission wrote to oil companies that did business in Iran to disclose any commissions that were paid to the nation’s government. The list of companies included Total SA and Norsk Hydro ASA, according to a Wall Street Journal report.

05 May 2005 09:34 AM

A grave obstacle in the way of Doha free trade round negotiations has been removed Wednesday as five biggest trading nations including the United States, the European Union, Brazil, Australia and India agreed on the method of computing agricultural import tariffs. The agreement was also endorsed by other nations such as Switzerland and Japan.

05 May 2005 07:28 AM

Congress may rise premiums paid by companies for the federal pension-guaranty program, as these provisions are included in the new budget plan. However, this plan may meet with opposition as opponents insist that it could take away the incentive for companies to carry traditional pension plans.

04 May 2005 09:18 AM

Bill Thomas, Chairman of House Ways and Means Committee, is considering a broader legislative package aimed at rescuing George W. Bush’s Social Security plan that is not supported by the majority of the Americans despite the 60 days, 60 stops campaign launched by the President.

04 May 2005 07:40 AM

A surge in Chinese textile exports to Europe would be stemmed till July, China said after France claimed the exports harm its economy.

02 May 2005 08:17 AM

China has created a powerful new agency responsible for safeguarding the country’s energy security, as Beijing moves to address spiraling energy costs and a growing dependency on foreign oil.

29 Apr 2005 11:12 AM

A new budget plan was passed by the US Congress last night with the reduced spendings on Medicaid and increased attention to oil drilling in Alaska. The plan is worth $2.6 trillion.

29 Apr 2005 10:49 AM

China’s President Hu Jintao said Taiwan opposition Nationalist Party Chairman Lien Chan is a friend and stressed the need to soothe the rivalry between the mainland China and rebelian island.