India pledged to reduce its deficit while ramping up social spending Monday as the government unveiled an annual budget aimed at balancing populism with pragmatism. High food inflation and a spate of embarrassing corruption scandals have put pressure on India’s ruling Congress Party in recent months, spooking foreign investors and sparking street protests in advance [...]
Street protests in Ivory Coast against incumbent president Laurent Gbagbo have turned violent with at least three dead. Witnesses said heavy artillery fire has been heard near the base of president-elect Alassane Ouattara, who called for the street demonstrations. The situation erupted Thursday in Abidjan as demonstrators prepared to march with the government of internationally-endorsed [...]
President Barack Obama and his South Korean counterpart Lee Myung Bak failed to reach agreement on a free-trade accord as the two nations wrangled over automobile and beef imports to Asia’s fourth-biggest economy. Talks will resume after the Group of 20 meeting in Seoul, where world leaders are at odds over how to avoid trade [...]
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