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Barack Obama
WASHINGTON: President Barack Obama will travel to Turkey for a G20 summit Devonta Freeman Hat , followed by stops in the Philippines and Malaysia for meetings with world leaders next month, the White House said on Monday.


At the G20 summit, leaders from the world's major economies are due to give final approval to a new plan to crack down on tax evasion by multinational corporations that costs countries at least US$100 billion a year.


The 15-point plan aims to tackle low tax bills for the likes of Google, Apple and McDonald's Calvin Ridley Hat , which have managed to sharply reduce their taxes while remaining within the law, provoking public outrage in recent years.


Obama "will spur international efforts to ensure strong, sustainable and balanced global economic growth" during the talks, White House spokesman Josh Earnest said in a statement.


During the foreign travels Nov 14-22 Julio Jones Hat , Obama will also "emphasize the importance of reaching an ambitious and durable global climate change agreement in Paris."


The aim of the Paris conference is to ink an agreement to limit global warming to two degree Celsius over pre-Industrial Revolution levels.


The meeting marks the culmination of six years of work since the ill-fated 2009 Copenhagen climate summit, which failed to lock down significant agreements.


Obama will also stop in the Philippines for the Asia Pacific Economic Cooperation Summit and in Malaysia for the US-ASEAN and East Asia summits.


Meetings there "underscore America's support for Asia's regional institutions, which enhance security and prosperity, while also advancing the US strategy to rebalance to the Asia-Pacific region in all of its dimensions Ito Smith Hoodie ," Earnest said.


"These visits also will support the president's efforts to expand opportunities for American businesses and workers to sell their products in some of the world's fastest-growing markets."

SYDNEY (AFP) 锟?Boom in Asia and bust in the United States are buffeting Australia's economy, Prime Minister Kevin Rudd warned Monday as he outlined plans to rein in inflation.

In his first major speech on the economy since his Labor party swept John Howard's conservatives out of office in November, Rudd pledged to slash government spending to produce a huge budget surplus.

The target would be a surplus of 1.5 percent of gross domestic product in the financial year to June 2009, he said -- about 18 billion dollars (15.8 billion US dollars).

At the same time Deadrin Senat Hoodie , the government has vowed to honour election pledges for 31 billion dollars in tax cuts.

Rudd told business leaders at a breakfast meeting in Perth that Australia faced "conflicting economic currents."

These were: "A global economy (led by the United States) which appears to be slowing. An ongoing terms of trade boom driven by Asia Pacific economies. And significant domestic inflationary pressures at home."

Accusing the outgoing government of having allowed these pressures to build, Rudd said his five-point plan included incentives to encourage private savings while tackling skills shortages and infrastructure bottlenecks.

Rudd, who described himself as a fiscal conservative during the election campaign, said producing the budget surplus -- up from the 1.0 percent target of the previous government -- would require discipline.

"That will require a determined Isaiah Oliver Hoodie , disciplined approach to spending and a hardline-approach to savings," adding that his "razor gang" would cut wasteful spending.

Inflation is expected to exceed the Reserve Bank of Australia's target range of 2-3 percent this year, raising the prospect of further interest rate rises by the central bank.

Rates are at an 11-year high of 6.75 percent after two 25 basis point increases last year, and the effect on mortgage-belt voters is believed to have played a part in the ouster of the previous government.

Rudd noted that the downturn in the economic outlook in the US Austin Hooper Hoodie , Europe and Japan comes as strong growth in the Asia-Pacific region is continuing to drive demand for Australia's rich mineral and energy resources.

"Over coming years, developments in China will increasingly shape both global and Australian economic conditions," he said.

"The Indian economy has become one of our fastest growing export markets and is expected to continue to post impressive rates of economic growth.

"Combined, China and India accounted for around 40 percent of Australia's export value growth in 2006-07."

This economic expansion in the region had heightened the need for careful management of the domestic economy Deion Jones Hoodie , he said.

"And the most pressing economic challenge domestically is inflation."

Source: http:afp.googlearticleALeqM5hiE_OyQf0kugnDjywo0gVUEnQc9Q

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MOSCOW, Nov. 12 (Xinhua) -- Russian Football Union (RFU) has no financial resources to pay salary to the national team's coach Fabio Capello, a senior sports official said Wednesday.


"I am telling you responsibly that the RFU simply doesn't have the money to pay Capello his salary. It's inappropriate that the monetary allowance for the Russian national team's head coach is not being paid." Interfax news agency quoted a member of the RFU executive committee, Sergei Stepashin Keanu Neal Hoodie , as saying.


Stepashin, who formerly worked as head of Russia's Audit Chamber, slammed the RFU for signing the contract with Capello without finding the source for his 11-million-U.S. dollar annual salary in advance.


Meanwhile, he said the Italian coach should be paid based on the team's results Takkarist McKinley Hoodie , adding that "this is called the efficient use of money."