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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