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ConocoPhillips says it has collected 99 percent of the offshore spills in China’s Bohai Bay and expects to meet a deadline to finish its cleanup by Tuesday.
China’s State Oceanic Administration, meanwhile, criticized the oil company’s handling of the spills which began in June and said it would work with those affected, reportedly including scallops growers […]

Cleveland has apparently grown weary of the rotting homes dotting its dying neighborhoods and decided to bring in the bulldozers – and send the tab to banks, NPR reported this morning.
It’s the first I’ve heard of what seems an increasingly reasonable, if extreme, response to our seemingly endless housing crisis: Cut our losses, share the pain – and move on. 
Cleveland has […]

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Beijing on Friday confirmed a decision that prevents the Democratic Republic of Congo from being sued in Hong Kong courts in a case that raised issues about the Chinese territory’s autonomy.
The Standing Committee of China’s rubberstamp legislature, the National People’s Congress, says Hong Kong, like mainland China, is covered by absolute immunity _ meaning governments […]

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President Barack Obama and his family are enjoying a vacation day at the beach on Martha’s Vineyard.
Obama, his wife, Michelle, and daughters Malia and Sasha were spending part of Sunday at a private beach in Edgartown, Mass.
It’s the first vacation outing by the Obamas since the family arrived on the island resort to begin a […]

Losses on the Toronto Stock Exchange accelerated into the triple digits Friday afternoon as investors fretted about whether the U.S. and global economies are headed for another recession that could punish corporate earnings and sap consumer confidence.
The S&P/TSX composite index lost 151.8 points to 12,034.9 a day after posting a three per cent decline. The […]

World stocks sank Thursday after an uneven day on Wall Street added to pessimism about the global economic outlook and Japan announced that exports had fallen for the fifth straight month in July.
Oil prices slipped below $87 a barrel while the dollar was higher against the euro and the yen.
European shares opened lower after an […]

The leaders of France and Germany are pushing all 17 nations that use the euro to enshrine balanced budgets in their constitutions and want greater collective governance of the eurozone.
French President Nicolas Sarkozy says he and German Chancellor Angela Merkel want a “true European economic government” that would consist of the heads of state and […]