Merkel and Sarkozy call for stronger regulation of markets
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French President Nicolas Sarkozy and German Chancellor Angela Merkel made a joint call here on Monday for greater regulation of international financial markets.
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DAVOS, Switzerland -- Prime Minister Tony Blair of Britain and President Jacques Chirac of France urged political and economic leaders yesterday to take drastic action against poverty and global warming as the World Economic Forum began its annual meeting here.
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Â· French president headed for showdown in Brussels  Â· He will demand greater political control over euro
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British Prime Minister Gordon Brown will host German Chancellor Angela Merkel and French President Nicolas Sarkozy for a meeting in the first half of January on financial market stability, the Financial Times Deutschland reported.
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Business & money: Tough new regulatory powers to make the Bank of England and the FSA more effective announced
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Politics made an appearance at the World Economic Forum Friday as German Chancellor Gerhard Schroeder urged diplomacy in the standoff with Iran over nuclear enrichment and Israel's Shimon Peres said there was "magic" on the mountain in Middle East peace talks.
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Politicians, regulators and financial specialists outside the United States are seeking a role in the oversight of American markets, banks and rating agencies.
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Prime Minister Gordon Brown said Wednesday he had invited his German and French counterparts to London to discuss curbing turbulence in world financial markets.
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery &#151; and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.
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Â· French, German and Italian leaders meet BrownÂ· Barroso urges 'targeted and proportionate' action
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German Chancellor Angela Merkel has urged the European Union to lead the way in the fight against climate change.Comment
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy.
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(InfoWorld) - German Chancellor Angela Merkel has called on politicians, business leaders, and researchers to cooperate more closely in helping the country secure a leading position in the global IT sector and pledged money to support collaborative efforts. Speaking at Germany's first-ever IT summit on Monday, Merkel said communications and telecommunications companies need to hook up with the country's traditional heavyweights such as the automotive and chemical sectors and collaborate more intensively in the area of software engineering. Already today more than half of the innovations in the automobile industry are based on software. The Chancellor pledged â¬1.2 billion ($1.6 billion) in grants over the next three years to support innovation in Germany's IT sector. The funds will come from the federal government's â¬15 billion high-tech investment program approved earlier this year. But Merkel was quick to add that in the future, industry grants should be carefully targeted and not simply "poured out of a watering can." Germany has seen its strong tradition of technological innovation steadily wane over the years, due in part to high labor costs that have deterred investment and declining university standards that have caused a brain drain. The country claims a number of IT achievements, including the Zuse, seen by some as the first freely programmable computer, and the MP3 audio compression algorithm. SAP Chief Executive OfficerÂ Henning Kagermann was blunt in his assessment of Germany's IT standing. Although the communications and telecommunications sectors combined employ around 800,000 people and generate annual revenue of around â¬150 billion, making it the country's largest industrial sector, "in a global comparison, we are not a leader and, even worse, we are falling behind," he said. In addition to funds, the government initiative calls for immigration policies designed to attract talented researchers from around the world, and grants to keep gifted students in the country.
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Germany's Chancellor Angela Merkel and France's President Jacques Chirac at EU summit in Brussels, 8 Mar 2007 European Union leaders have opened a two-day summit focusing on landmark strategies for fighting ...Comment
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Speaking at Germany's first-ever IT summit on Monday, German Chancellor Angela Merkel said telecommunications companies need to hook up with the country's traditional heavyweights in the automotive and chemical sectors, especially in the area of software engineering.
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British Prime Minister Gordon Brown will  host German Chancellor Angela Merkel and French President  Nicolas Sarkozy for a meeting in the first half of January on  financial market stability.
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German Chancellor Gerhard Schroeder, saying the euro&#39;s gains against the dollar are ``worrying,&#39;&#39; called for changes to European Union budget rules to give governments more leeway on spending.