WASHINGTON (Reuters) - The U.S. Navy is monitoring a North Korean ship at sea under new U.N. sanctions that bar Pyongyang from exporting weapons, including missile parts and nuclear materials, U.S. officials said on Thursday. South Korean navy vessels conduct a drill against possible attacks by North Korea in the East Sea off Donghae, east of Seoul, June 17, 2009. REUTERS/South Korean Navy/Handout
Jump to navigation Mr Obama promised tough action at a meeting on the sidelines of the G20 summit as reports emerged that Pyongyang had begun fuelling the long-range rocket for an impending launch. US military officials said that technicians have started to fuel up the three-stage Taepodong-2 missile at Musudan-ri launch site in the country's northeast in defiance of a 2006 UN resolution.
DESPITE falling exports, China's economic growth has remained relatively strong this year thanks to a surge in investment sparked by the government's stimulus measures. Official data show that fixed-asset investment leapt by an astonishing 39% in the year to May, or by a record 49% in real terms. Sowing more today should yield a bigger harvest tomorrow, but how wisely is this capital being used? O
No empty threatCredit-default swaps are pitting firms against their own creditors SIX FLAGS, an American theme-park operator, filed for Chapter 11 bankruptcy protection on June 13th, bringing its long ride to reduce debt obligations to an abrupt halt. The surprise was that bondholders, not the tepid credit markets, stymied the restructuring effort. Bankruptcy codes assume that creditors always att
“HEALTH-CARE reform should be guided by a simple principle: fix what's broken and build on what works.” With those soothing words, Barack Obama tried this week to win over a faction that has more power than any other to scupper his ambitious health reforms: doctors. This took some courage, for the American Medical Association (AMA), the profession's leading lobbying group, has traditionally been s
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OpinionLeadersLetters to the editorBy InvitationCurrent topicsBritish election 2024Israel and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsBritish election 2024Israel and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist expla
Investors do learn from bubbles...James Montier at Societe Generale is a specialist in 'behavioural finance'. This basically takes psychology and applies it to the field of investment and economics. As someone who's studied psychology in the past, I'd be the first to admit that it's a pretty 'soft' science compared to something like physics, for example. But compared to the pseudo-science thatis e
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