DUBAI - DUBAI expects to post its first budget deficit in 2009 as major infrastructure projects weigh on the Gulf emirate's budget, a senior policy-maker said on Saturday.
BEIJING - CHINA on Saturday denied allegations that it wanted to close its rail industry to foreign manufacturers and that it had profited from stealing their technology.
MOSCOW - RUSSIA faces a jarring economic slowdown in 2009, leading the government to tackle severe social instability, the Eurasia Group Consultancy said in a report.
WASHINGTON - PRESIDENT-ELECT Barack Obama said on Saturday an analysis of his stimulus proposals shows that between 3 million and 4 million US jobs could be saved or created by 2010, nearly 90 percent of them in the private sector.
The analysis of Mr Obama's estimated US$800 billion (S$1.19 trillion) plan to lift the country out of a year-long recession was submitted by the chair of his council of economic advisers, Christina Romer, and by Vice President-elect Joe Biden's chief economic adviser, Jared Bernstein.
