America no longer owns globalization

By Nathan Gardels International Herald Tribune DAVOS, Switzerland: This year’s theme at the World Economic Forum annual meeting here — “the shifting power equation” — confirms the view of many participants that power is draining away from the United States to multiple centers as countries from Brazil to China move beyond “emerging” market status to […]

Read More...

China confirms antisatellite test

By Joseph Kahn International Herald Tribune BEIJING: The Chinese government confirmed Tuesday it had conducted a successful test of a new antisatellite weapon, but said it had no intention of participating in a “space race.” The United States, Japan, Britain and Australia had pressed Beijing to explain the test, apparently the first successful destruction in […]

Read More...

EU tells Germany, France and Italy to do more to cut government debt

By The Associated Press International Herald Tribune BRUSSELS, Belgium: Germany, France and Italy should make “greater efforts” to bring down government debt by 2010, the European Commission said Tuesday, urging them to use higher-than-expected tax receipts to balance the books. Though Germany and France won praise for bring their budget deficits down quickly and effectively […]

Read More...