World News
From The Financial Times
- Nato tells Russia: no 'new line' in Europe
- The western alliance has suspended top-level ties with Russia and told the Kremlin that it could not draw a 'new line' in Europe preventing Georgia and other countries from joining Nato
- SEC set to overhaul data filing system
- The US Securities and Exchange Commission said it would replace its decades-old system of collecting, collating and distributing financial information with a new interactive database
- Democratic campaign rakes in the cash
- Obama has already raised over $400m since launching his campaign to shatter a list of fundraising records, but much still depends on battleground states
- Fed united in battle to control inflation
- After months of mounting dispute between hawks and doves, the Federal Reserve appears to be pulling together ahead of its annual retreat this weekend at Jackson Hole, writes Krishna Guha
- Obama hits back after one attack too many
- Displaying a combativeness that many Democrats feared was lacking, Barack Obama is portraying his Republican presidential rival, John McCain, as a prisoner of the "Republican attack machine" who would represent a third term of George W. Bush
- Poll shows McCain ahead of Obama
- Republican John McCain has opened a 5-point lead on Democrat Barack Obama in the US presidential race and is seen as a stronger manager of the economy, according to a Reuters/Zogby poll
- Mortgaged hope
- The most surprising aspect of the rout in Fannie Mae's and Freddie Mac's shares is that there were investors holding out hope for their equity in the government sponsored enterprises
- US wholesale prices see sharp spike
- US wholesale prices rose twice as fast as expected last month as new home construction plunged, government data showed, offering little reason for optimism on the outlook for either inflation or the ailing housing market
- Storm hits Florida Keys and threatens mainland
- Tropical Storm Fay swept over the Florida Keys with heavy rain and 60 mile per hour (97km per hour) winds and churned toward the Florida mainland on Monday after killing more than 50 people in the Caribbean
- US pays tribute to its rose-tinted ally
- George W. Bush often lauded Pervez Musharraf, but eventually the Pakistani leader's star fell, even with Washington, after a new democratically elected government came to power in Islamabad
- Nato in display of unity over Georgia
- Nato's 26 foreign ministers are determined to present a united front in expressing continued support for Georgia's membership of the western alliance and insisting that Russian troops complete a withdrawal
- US economic woes catch up with Canada
- Weaker oil prices and falling US demand for goods have hit Canada hard in three areas - high commodity prices, strong housing markets and tax cuts - that had been cushioning its economy against the credit crisis
- The Fed can learn from history's blunders
- Roosevelt set the dollar exchange rate each day while taking breakfast in bed. In hindsight, his judgment looks sound, writes Barry Eichengreen
- Guessing grows over US running mates
- Barack Obama, who has a strong financial advantage over his rival John McCain but only a narrow poll lead, is expected to make his vice-presidential choice by Thursday - ahead of the Democratic convention
- Russia's Arctic ambitions challenged
- With rich oil and gas reserves at stake as the Arctic ice thins, US and Canadian ships are teaming up to conduct a seismic survey of the Beaufort seabed north of the Yukon-Alaska border
