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President Barack Obama

Greek Default Expected Within 12 Months

Greece has become the lowest rated country in the world, falling behind nations such as Jamaica and Grenada after Standard and Poor's cut the country's rating by three notches. Greece now has a credit rating of CCC, down from its rating of B and it is expected to be reduced further. There is now growing frustration in Europe over the efforts being made by the Greek government with a default the most likely outcome.

Nato could fade away, warns US Defense Secretary Robert Gates

Just as leaders from Nato members countries maintain that following the operation in Libya, Gaddafi's days in power are numbered, and as Nato officials this week insisted the operation was a success, US defence secretary, Robert Gates, today delivered a blistering attack on European defence complacency, declaring that organisation has "become a "two-tiered" alliance of those willing to wage war and those only interested in "talking" and peacekeeping".

Iran defies the world by raising its nuclear enrichment to 20 per cent

Despite being accused by the West of trying to produce atomic bombs, Iran stays defiant and announced on Wednesday that it will shift its production of higher grade uranium to an underground bunker in order to triple its production capacity."This year, under the supervision of the (International Atomic Energy) Agency, we will transfer 20 per cent enrichment from the Natanz site to the Fordow site and we will increase the production capacity by three times," the head of Iran's atomic...

Obama and Cameron holding bilateral talks

Barack Obama is currently holding talks with David Cameron in Downing Street, with the conflicts in Afghanistan and Libya expected to be high on the agenda of the bilateral talks that are expected to last about 90 minutes.

Ash cloud disrupts President Obama’s Ireland visit

A dense cloud of ash from an Icelandic volcano was being blown toward Scotland Monday, yesterday. While airlines started to cancel their flights, U.S. President Barack Obama was forced to cut short his visit to Ireland as fears of disruptions similar to those engendered by the Icelandic Eyjafjallajökull eruption in April 2010 mounted.

Barack Obama begins his European Tour

Us President Barack Obama's trip to Europe is indeed quite a trip as it will include visits to Ireland, Britain, France and Poland and a G-8 summit. The visit will start with Ireland, and finish with Poland.

Barack Obama Middle East Speech: Live Blog

U.S. President Barack Obama is making a speech on the Middle East, viewed by many as a follow up to his 2009 Cairo speech. In it he gives his views on the "Arab Spring". Follow it here.

Sanctions orders: what are they and do they work?

US President Barack Obama yesterday introduced sanctions against Syrian President Bashar Assad and six of his deputies as the regime continued to impose oppressive measures against its own people. The announcement came a day before President Obama is due to make a major policy speech on the recent developments in the Middle East and northern Africa. The sanctions are largely symbolic as Assad has few assets in the US and is unlikely ever to visit the country but come as a reinforcement of pre-ex...

The Arab spring, Palestine, Israel and Jerusalem as symbol of divisions

US president Barack Obama has just called Israelis and Palestinians to go back to the negotiating table, but with past peace processes seen as fragile and not very efficient, the several Israeli-Palestinian talks and deals have become renowned for their longevity and chronic inability to find a way to end the conflict.

Obama: Israeli and Palestinian peace talks "more vital than ever"

As talks between Israel and Palestine have been frozen since last year because of a dispute over settlements, Barack Obama said the US and Jordan both wanted Israelis and Palestinians to go back to the negotiating table, adding that it was "more vital than ever" for Israelis and Palestinians to restart negotiations on a peace deal.

BP, Public Liability Company

Britain's largest company, BP, is the world's third largest oil major, a global energy firm the main products of which are oil, natural gas and alternative fuels. Its 2009 revenues of just over $246 billion exceed the GDP of Finland and it employs over 80,000 people. The company's headquarters is in London, its American base is in Houston, Texas and it is listed on both the London and New York Stock Exchanges with British and American shareholders each accounting for some 40 percent o...

G20 leaders agreed budget cuts, no "Robin Hood" tax

National leaders at the G20 summit in Canada have binned the idea of a global levy on banks and have committed themselves to cutting their national budget deficits, despite concerns from the USA and developing economies.