Prime ministers
As the North American Leaders' Summit begins in Guadalajara, Mexico, tensions between Canada and Mexico have intensified over the visa requirement imposed by the Canadian government on Mexican visitors. Canadian Prime Minister Stephen Harper defended the decision, citing an increase in illegitimate refugee claims and the need for Parliament
Protectionism
The G20 summit's focus on major countries' economic regulation and stimulus spending has overshadowed the plight of emerging economies, whose potential for recovery and growth could be severely impacted by the rise of protectionism. Emerging countries, with a combined GDP of around $3-trillion, are not as insignificant
Protectionism
As the G20 summit approaches, the European Commission has outlined its key priorities to tackle the global economic crisis. European Commission President Jose Manuel Barroso emphasized the need for unity among EU leaders on core priorities, while also being realistic about what can be achieved. The Commission has set a
Economic conditions
South Korean President Lee Myung-bak and Australian Prime Minister Kevin Rudd strengthened bilateral relations through a summit in Canberra, announcing the start of official free trade talks and promising cooperation in counter-terrorism, non-proliferation, and military exchanges. The two leaders expressed strong opposition to protectionism and agreed to hold annual foreign
Economic conditions
Belgium-based industry tracker Just Auto reported on a recent reversal by French President Nicolas Sarkozy regarding bailout conditions for French car companies, indicating a shift in France's economic approach. Sarkozy initially suggested that French car companies receiving government assistance should shift capacity out of Central and Eastern Europe
Prime ministers
Gordon Brown yesterday emphasized the need for immediate action to boost the International Monetary Fund's resources and prevent a repeat of the financial turmoil, ahead of the G20 summit in London in April. The Prime Minister reportedly signaled fresh tax cuts could be on the way, as part
Prime ministers
Canadian Prime Minister Stephen Harper has warned that the "Buy American" clause in the US stimulus package could send the world economy into depression, calling it a "huge risk" to the global economy. Harper made the comments ahead of his meeting with US President Barack Obama,
