Posted: 13 Nov 2010 12:00 AM PST Beijing, which hopes to compete with Boeing and Airbus, will show off a full-scale mockup of its 156-seat passenger plane at an air show next week. It's getting help from some well-known U.S. companies.
China is aiming to reshape the global aviation industry with a home-grown jetliner, a direct challenge to the supremacy of Boeing and Airbus, the world's only manufacturers of large commercial aircraft.
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Posted: 13 Nov 2010 12:00 AM PST The meeting of the top industrial nations ends, and a U.S. proposal for balancing international trade is rejected, leaving Washington alone to deal with its weak economy, high unemployment rate and a burgeoning trade deficit.
The United States apparently will have to go it alone in dealing with its fragile economy and near-double digit unemployment after the Group of 20 summit ended Friday with no commitment to immediate action to reduce trade and currency tensions.  |
Posted: 12 Nov 2010 04:36 PM PST A shift in the nations' alliance is apparent after the Democrats' midterm losses, with Netanyahu reaching out to congressional Republicans as he resists Obama's peace initiative and pushes for stronger action against Iran.
The Democrats' midterm election losses appear to have spurred a shift in a key alliance, with Israel stepping up its resistance to the Obama administration's Mideast peace initiative and efforts to halt Iran's nuclear ambitions.  |
Posted: 12 Nov 2010 01:30 PM PST G-20 summit leaders refused to assist the U.S. when they rejected a U.S. proposal to set limits on trade surpluses and deficits, and also turned down a U.S. effort to force China to raise the value of its currency.
The Group of 20 summit ended Friday with a declaration of broad principles but no commitment to immediate action, signaling that the United States will have to go it alone in dealing with its fragile economy and near-double digit unemployment.  |
Posted: 13 Nov 2010 12:00 AM PST The 82-year-old former Israeli prime minister has been in a coma for nearly five years. A hospital official suggests that he does not expect Sharon to make a significant improvement.
Former Israeli Prime Minister Ariel Sharon, known for his aggressive style as a general and statesman, was transferred home in a coma Friday after nearly five years of hospitalization.  |
Posted: 12 Nov 2010 08:50 AM PST A vase that sat, little-noticed, in a modest suburban home has become one of the most expensive Asian artworks ever sold -- and underlined the rapid rise of the Chinese art market.  |
Posted: 12 Nov 2010 04:14 AM PST Instead of specific steps to avert damaging currency and trade wars, the participants agree only to avoid 'competitive devaluation' of currencies. Obama insists progress was made.
The leaders of the world's 20 major economies on Friday ended a frequently rancorous two-day summit in this northeast Asian capital without reaching agreement on specific steps to avert damaging currency and trade wars.  |
Posted: 12 Nov 2010 12:00 AM PST At the Group of 20 summit in Seoul, Obama's effort to win consensus on a unified approach to boost the world economy appears doomed, raising the specter of countries pursuing their own interests.
President Obama appeared to fall short in his attempt to forge a unified approach to boosting the global economy as a frequently rancorous meeting of world leaders seemed set to conclude in Seoul on Friday without agreement on specific steps to avert damaging currency and trade wars.  |
