G20

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'Spectacular' Cyberattack Hit French Government

Chinese Internet addresses cited in attack seeking G20 docs

(Newser) - Hackers have broken into French finance ministry computers in a “spectacular” attack, prompting the government to take 10,000 machines offline, AFP reports. The attackers reportedly sought information "related to the French presidency of the G20 and to international economic affairs," says a security official. The cyberattack...

Ahead of G20, Obama, Sarkozy Seek United Economic Front

French, American presidents meet at White House

(Newser) - President Obama and Nicolas Sarkozy discussed ways to stabilize the world economy and prevent another global financial crisis today at the White House ahead of the G8 and G20 meetings, Bloomberg reports. While the two countries would seem to be at odds on world finance—many French officials believe that...

Let's Can the G20 Summit and Just Email Each Other

No one has any solutions to our mercantile imbalances

(Newser) - Here’s the electrifying agreement the G20 reached in Seoul: They vowed to create guidelines for rectifying trade imbalances—by the next G20 meeting. “Thank you, Baby Jesus, for this smoking hot procrastination,” writes Tunku Varadarajan in the Daily Beast . Basically, it was the same old story: China...

Headline Writers Agree: Obama's World Clout Wanes

That's one quick theme emerging from the summit

(Newser) - Look like a theme is emerging from the G20, at least judging by a spate of instant-analysis headlines now moving. And the White House won't like it:
  • New York Times : "Traveling in Asia, Obama's Glow Dims"
  • Wall Street Journal : "China's Hu Rebuffs Weakened Obama at Summit"
  • Independent : "
...

'Guidelines,' No Specifics, at G20

Obama slams China over currency manipulation

(Newser) - G20 leaders have agreed to curb “persistently large imbalances” in saving and spending and set “indicative guidelines” against trade imbalances, but more specific decisions on how to identify and fix said imbalances were left until next year, reports the New York Times . The finance minsters are to agree...

N. Korea Attack on G20 Feared
 N. Korea Attack on G20 Feared 

N. Korea Attack on G20 Feared

Diplomats fear bizarre balloon assault from Pyongyang

(Newser) - As the G20 summit in South Korea enters its second day, British diplomats fear that North Korea is planning to grab the spotlight with military action or even an attack on the summit. The summit is taking place just 50 miles from the border, and diplomats worry that the North...

US-South Korea Trade Deal Hits the Rocks

But broader G20 pact near

(Newser) - After days of furious negotiating, the US has failed to strike a free trade deal with South Korea. President Obama still hopes that the deal can be reached within a few weeks, but probably not before Obama leaves Seoul, the LA Times reports—a Korean official said that Lee Myung-bak...

Obama Blasts North Korea in G20 Speech

Warns that the US 'will never waver' in defense of South

(Newser) - Barack Obama sent some pointed remarks North Korea’s way in his speech in Seoul today, saying that the difference between it and its less-oppressed Southern counterpart is “a contrast so stark you can see it from space, as the brilliant lights of Seoul give way to the utter...

China Drops US Credit Rating Ahead of G20

Obama faces a world divided, peeved by Fed moves

(Newser) - China’s top state-endorsed rating agency dropped the United States’ credit rating yesterday, warning that recent Fed moves, along with “serious defects in the United States' economic development and management model” were “fundamentally lowering the national solvency.” The report probably won’t have much impact on our...

G20 Nations Brush Off Goals by Geithner

He's proposing better guidelines on currency rates, deficits

(Newser) - G20 officials aren’t likely to accept US proposals to better monitor exchange rates along with trade deficits and surpluses, an insider tells Reuters . Timothy Geithner had hoped to set numerical targets for surpluses and deficits as well as "norms" on currency rate policy. "Right now, there is...

G20 Leaders Head Home, Vowing to Cut Deficits

Economic powers set goals for reducing public debt

(Newser) - The leaders of the Group of 20 nations wrapped up their 2-day summit today in Toronto, striking an agreement to reduce deficits over the next 3 to 6 years without endangering the global economic rebound. The major economic powers vowed to cut their deficits in half by 2013 and "...

G20 Arrest Total Soars Above 500
 G20 Arrest Total 
 Soars Above 500 
UPDATED

G20 Arrest Total Soars Above 500

Police raid follows widespread violence

(Newser) - Police in Toronto conducted a large raid and rounded up more protesters today in an effort to quell further violence at the global economic summit after black-clad youths rampaged through the city, smashing windows and torching police cruisers. Police said they have arrested more than 500 demonstrators, many of whom...

G20 Protests in Toronto Turn Ugly

Small group of vandals wreaks havoc on Canadian city

(Newser) - Black-clad demonstrators broke off from a crowd of peaceful protesters at the global economic summit in Toronto yesterday, torching police cruisers and smashing windows with baseball bats and hammers. Police arrested more than 150, reports the AP. Police used shields, clubs, tear gas and pepper spray to push back the...

Economists Demand 'Robin Hood' Tax on Speculators

Fee would go to fight poverty, climate change

(Newser) - Hundreds of the world's leading economists want banks to pay for the mess they've made—with an international " Robin Hood tax " that would raise funds to fight climate change and global poverty. Some 350 economists from 35 countries, including two Nobel prizewinners, have written to G20 leaders urging...

G-20 Saved World Economy: Obama

Leaders agree to stick with stimulus programs until recovery firms up

(Newser) - President Barack Obama asserted today that he and other leaders of the world's 20 largest economies took actions that "brought the global economy back from the brink" and saved or created millions of jobs. "We leave here today confident and united," he said at the conclusion of...

Pittsburgh G-20 March Proceeds Peacefully

Demonstration free of violence that marked yesterday's protests

(Newser) - Protesters again marched in Pittsburgh today while world leaders met at the G-20 summit, but the demonstration has so far been peaceful, in marked contrast to the mayhem that marked yesterday’s rally. The demonstration, organized by the antiwar Thomas Merton Center, made its way across town after an opening...

G20 Near Deal to Open Economies to Scrutiny

'Peer review' system will let nations assess each other's policies

(Newser) - The G20 is on the brink of a deal this morning that will require members to "peer review" one another's economic policies—a substantial shift that will expose the US and China to wider scrutiny from less wealthy countries. The new top table for international negotiation wants less American...

Iran Confirms Secret 2nd Nuclear Lab
 Iran Confirms Secret 
 2nd Nuclear Lab 
UPDATED

Iran Confirms Secret 2nd Nuclear Lab

Tehran preempts Obama accusation, admits to underground enrichment site

(Newser) - Iran confirmed today that it has built a second uranium enrichment site in an underground facility hidden from weapons inspectors—a revelation coming just hours before Barack Obama and other Western leaders were prepared to disclose it. The US has been tracking the secret project for years, officials say, but...

Michelle, First Ladies to Swing By Pa. Farm, Museum

G20 spouses will have dinner on Teresa Heinz Kerry's Pennsylvania farm

(Newser) - In her first outing as an international hostess, Michelle Obama is welcoming the spouses of world leaders to Pittsburgh today with a program covering some of her own interests: art and architecture, arts education, sustainable farming, and locally grown food. The first lady and her guests will have dinner tonight...

Obama Dodges Sitdown With Brown for Chat in UN Kitchen

White House declines 5 requests for talks from humiliated prime minister

(Newser) - Brit papers are buzzing about President Obama's snub of visiting Prime Minister Gordon Brown, who asked for a meeting five times. Brown—keen to boost his profile as an international statesman as his poll numbers flatline in Britain—had to settle for a 15-minute "walk and talk" with Obama...

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