China and Russia have signed trade agreements worth $3.5bn during the second day visit to Beijing by Russian Prime Minister Vladimir Putin. Russian deputy Prime Minister Alexander Zhukov said near about 40 contracts were signed by Russian and Chinese businessmen and officials however no deal had yet struck on energy and still talks are been continued.

Russia is keen to bolster its economy President said economy has decline 7.5 percent in 2009. Russia is hoping to sell more oil and gas in China. China is considered to the world’s second biggest energy user. Mr. Zhukov mentioned to the reporters that the deals included two $500m loans from Chinese banks to Russian financial institutions. One was from the China Development bank to its Russian counterpart Vnesheconombank while other was from Agricultural Bank of China to Russia’s state-run VTB bank. He added saying others deals included investments by Chinese firms in Russian construction facilities however, no further details was provided. Trade between Russia and China has risen from $10bn to $50bn over the past six years. Moscow had signed a $25bn agreement to help fund a pipeline to supply oil from Siberia to China earlier this year in exchange china was guaranteed 20-year supply of crude oil. Moscow is interested to exports machinery, aviation equipment, and nuclear power plants. Countries are seeking to expand business in own currencies rather than US dollar.

Thousands of gay men and lesbians marched through the Washington Monument to demand greater civil rights. Protest took place after US President Barack Obama opposition to the military’s don’t ask, don’t tell policy. Earlier President projected to speak to the Human Rights Campaign on issues affecting the gay community. Obama cancelled ban on gay people serving openly in the military.

Obama’s slow functioning to act on gay rights disappoints ample of protestors. During the presidential campaign, Obama promised he would request Congress to reverse the don’t ask, don’t tell policy in military. This policy permits gay people to join and serve military if they do not reveal their sexual orientation. Joel Freedman a protestor said the policy is ridiculous which does not allow full equality in spite of working hard to support the country. State department has allowed married gay and lesbian couples to obtain passports with their married names however; president has been criticized for the speedy removal of legal restrictions on same-sex partnerships, which limits local and federal bodies can recognize gay partnerships and benefits. Protestors mentioned the march as spontaneous, organized by text messages and social networking sites. Marchers waving rainbow colored flags were in no mood to wait, few marchers wore purple T-shirts, encouraging legalize gay. Marchers said LGBT community is not satisfied with a piecemeal approach to civil rights. They were demanding for full federal equality, singling out marriage, adoption, military services.

Airlines Avianca of Colombia and E1 Salvadors Taca announced to join one of the Latin America’s largest airlines. Both carriers made an agreement to merge under a single holding company that will serve more than 100 destinations. Latin America best-known airlines and largest airline operators are emerging together to reduce cost cutting.

Both airlines have near about 130 planes and 13,000 employees. Their combined routes cover about 100 destinations in America and Europe where they operate with both passengers and cargo services. Avianca’s will get 67 percent of the share with the new holding company while Taca’s investor will take control of the remaining share with Taca chairman and CEO Roberto Kriete serving as Chairman and Avianca CEO Fabio Villegas as CEO. Privately both carriers mutually used to generate near about $3 billion annual revenue. Combined network will serve 75 Latin America destinations with hubs in Bogota, Lima, San Salvador, and San Jose, Costa Rica. This business is subject to approval from relevant regulatory authorities. Avianca chief executive Fabio Villegas said this is a historic event in aviation bringing together both airlines to create a leading group in aviation industry. Avianca and Taca will preserve their respective brands and continue to operate separately under a common strategic vision.

The economic power is moribund due to financial crisis. Robert Zoellick President of World Bank said one of the reasons could be changed economic power relations. World’s biggest economy has been affected by the recession for nearly two years while on the other hand rising countries economies like China and Brazil have grown. This way results in long-term rebalancing of world economy.

Multi polar economy less reliant on US consumer will be a more stable world economy said the president of World Bank. Robert Zoellick was speaking in Istanbul during a meeting of the World Bank and International Monetary Fund. There was some debate about how to reorganize the leadership of bodies so that they reflect the diversified world in a better way. Finance Minister from G7 or Group of Seven richest nation mainly US, Japan, Germany, UK, France, Canada, and Italy had been present in the meeting held in Istanbul. G7 countries said world economy was improving; however, there is no room for satisfaction since the prospects of growth remain fragile and labor market conditions are yet improving. In US unemployment rush forward with the high of 9.8% in 26 year. Finance ministers of G7 assured to keep motivation spending in place until is recovered from recession. Timothy Geithner US Treasury Secretary uttered US economy has improved drastically needs to be fully established. Group of 20 consists of China, India, Russia, and Brazil.

Leaders of  G20 the world’s top 20 wealthy and developing nations is set to take a new position as superlative ruling body in the  worldwide economy. This shift will give more supremacy for rising market, slightly with industrial countries. Earlier this gathering over more than three decades was held by industrial countries known as G8.

G20 meeting is a two-day summit held in the US city of Pittsburgh on Thursday evening onwards. In spite of the protest, the summit seems to be far calmer considerably than the one held in Washington last November and one held in London on April. Timothy Geithner US Treasury Secretary uttered that US will support China to secure better voting rights in the International Monetary Fund for gaining benefit in growing economy. China carries 3.7% of IMF votes weigh against France in spite of china economy is up to 50% larger than that of France. Hundreds of protesters tried to march without permission near the summit being held and police tried to fire rubber bullets at protesters. Mr. Geithner said G20 countries have attain an agreement on basic outline of suggestion on limit pay and bonuses by the end of 2009. Every country has set own standards. Alistair Darling former UK Chancellor cautioned a banker by saying party is over. The main theme for the summit is regarding financial regulatory reform however, preferences would also be given to global economic imbalances. US President is leading a movement to smooth inequity in global capital and make safe long- term economic steadiness. US have also suggested China, Brazil, and India to lower their extra trade and improve their domestic expenditure. Europe and US would cheer more saving to decrease long-term budget downfall.

Hurricane Jimena packed up into Mexico’s Baja California peninsula. Residents and tourists were forced to flee toward desert wasteland. US disaster official said storm, which threatened at the beginning relaxed before it hit land and destabilized to a category 1 storm afterwards with maximum continued winds of 145km/h.

It is transporting heavy rain and winds of 90mph and may produce flash floods and mudslides. Storm is moving towards Pacific coast and supposed to move back internal in next two days. Thousands of inhabitants are been send away but still many others have stayed behind worrying their homes. In a number of towns roads were muddy rivers, power and sewage system besieged. Storm swing over Baja California bringing out widespread flooding. US National Hurricane Center anticipated up to 38cm rain in next 48 hours in few areas of Western Mexico. Families crowded together in an unlit school after electricity failed. People are worried who lives in hut made of cardboard and scrap materials and we would end losing everything said Ilda Ramirez an inhabitant. In northern Peninsula, families secured themselves inside the house after accumulating sufficient amount of food and water. Thousands of tourists left before the hurricane hit. Schools, ports and businesses stayed closed. Save personnel from Red Cross and Mexican military are getting ready for post-hurricane relief. Two-army cargo planes flew in with sufficient medical goods for people residing their.

Fire remains very hazardous said firefighter who attempts to fight with forceful wildfire on the north of Los Angeles. Stimulated by hot weather, dense, and dry brush fire twice the size to extended over 134 miles of forest.

Approximately 12,000 buildings and important flagpole are under risk an official said there are chances of fire could double over the coming days. Two firefighters died as their vehicle was swarming with blaze. 5% of fire has been controlled said Inspector Frederick Stowers of LA county fire department. He supposed it could until take next weekend to bring flames under control, and we are working continuously and making use of source. Over 10,000 residents escaped from the flames and near, about 6,600 homes are under compulsory mass departure order less than 18 houses are smashed and destruction is anticipated to grow. Fire endangered communication towers housing transmitters for Los Angles main TV station. We are making development but it is slow and very dangerous said Mike Dietrich. Firefighters are spraying fire retardant and clearing mountain brush has groundwork of fires impending transmitters. Vertical area and rocky hills is creating complexity for 3,600 firefighters. Governor of California has stated a state of emergency and advised people to obey with evacuation orders. Wildfires are characteristic of Californian summer uncommon to fight so close to major population centers. Most recent fire broke out on Wednesday but the cause remains under inspection. Santa Ana winds that normally hits in October is not the reason but as an alternative dry brush, which has not burned in more than 40 years is considered as the main reason. Quantity amount of other fires are also burning in southern and central California. New fire in Placer County of Sacramento has smashed 60 constructions including many homes in Auburn.

US woman who was kidnapped over 18 years ago is found. Jaycee Dugard and her daughters of age 11 and 15 were kept in a hidden backyard inside a backyard. Suspected kidnapper Phillip Garrido is the father of two children, she gave birth to the first child when she was 14.

Kidnapper Phillip Garrido 58 and his wife Nancy Garrido 54 are in imprisonment of California. DNA test were done to determine Ms Dugard’s identity, in the meantime she had been reunited with her family. Undersheriff Fred Kollar said mother and her daughters appeared to be in good health but Kollar added up saying Ms Dugard living in a backyard for 18 years does take its toll. Dugard was missing since 1991 at the age 11 evidently two people who bundled her into a car. She had been living with these couple cut off in Antioch near San Francisco, 170 miles away from her home in South Lake Tahoe. Tents and outbuilding in the backyard were located in a planned arrangement to hold back outside viewing and to isolate the victims from outside world. She and her children did spent good amount of their lives there in addition they had never been to school or seen a doctor. Police at the University of California Berkeley campus noticed Mr Garrido along with two young children. Police raised doubts, as he is a registered sex offender and not allowed to be with young children. As per the California Department of Corrections and Rehabilitation, he is guilty verdict for rape and was paroled in 1999. A parole officer called in for questioning along with two children and a young woman named Allissa. Through questioning, he disclosed that Allisa was actually Ms Dugard, were she also inveterate her identity to police. In a telephonic interview from prison, Mr Garrido said the birth of the first child 15years old had changed his life. It’s repulsive of what happened in the past but he tried to change his life totally. Over the recent years, he was very religious and he was planning to set up a church.

Police said that they found a vehicle hidden in the backyard of Antioch that was equivalent to the vehicle portrayed at the time of kidnap, even though a parole officer in the past did visit him but they did not notice anything odd regarding the backyard. Area taken by Ms Dugard and her children was covered with shrubs, rubbish bins and tarpaulin. Ms Dugard’s stepfather, Carl Probyn who was the eyewitness of this kidnap said he had lost his hope of finding her alive. This incident broke his marriage life and everyone did distrust him until the yesterday. Mr probyn saw a young girl being taken away by two people as she walked from home to school bus stop in South Lake Tahoe. They snatched her into a grey car. Mr Probyn supposed a man and a woman were in the vehicle. Mr Probyn said she appear to be all right.

A new picture of Fidel Castro Cuba former leader in much better health published in a state-run newspaper. 83 years old, Mr. Castro was dressed more smartly as he presented himself wearing a white shirt rather than usual tracksuit.

He became visible on television for the first time in 14 month, talking with Venezuelan students, in a meeting, which took place on Saturday. He was seen in public after undergoing an operation in 2006. Mr. Castro and his younger brother Raul took over their various offices. He had undergone a series of major intestinal operations, even though his state of health remains state secrets. Castro’s health appears to have improved in recent months. There was an assumption that Fidel Castro’s health worsted considerably at the end of last year in accumulate of 50th anniversary of Cuba’s revolution.

However, his health appears to have visibly improved in recent months. Latest photograph of Mr. Castro show him physically powerful, his grey white hair is neatly combed back even his beard appears to have grown a little. He always remains one of the most influential figures behind the scenes in Cuba and publishes regular editorials in the nationalized media. Occasional photographs of his are published showing greeting and notable notes.

Predictor gave out a tropical storm warning for the Atlantic island of Bermuda as Category 3 Hurricane Bill neared. Hurricane Bill anticipated pathway illustrate it moving north towards New England and then Canada

Caution from National Hurricane Center means tropical storm conditions, counting winds of at least 39 mph (63 kph), is likely on the island within 24 hour. Hurricane include winds of at least 74 mph (119 kph), likely within 36 hours. Bill’s Hub was about 510 (825 kilometers) south of Bermuda, and about 975 miles (1,570 kilometers) southeast of Cape Hatteras, North Carolina, the hurricane hub supposed. Forecasters believed the core of the hurricane is supposed to pass between Bermuda and the east coast of the United States. Though Bill is measured, has a large hurricane, its force winds extending out 115 miles (185 kilometers) from the center and tropical storm-force winds expanding out 260 miles, so Bermuda is expected to sense its effect as it grazes by. Hurricane center utters Bill’s maximum sustained winds had increased slightly to 125 mph (205 kph), with higher breeze. It’s demoted to a Category 3 storm from Category 4 status early Thursday, after its top continued wind slipped below 131 mph. Variation in intensity likely over the next 12 to 24 hours however, and Bill could regain Category 4 strength by Friday. Large swells generated by Bill were affecting the northern Leeward Islands along with Puerto Rico and the island of Hispaniola, shared by Haiti and the Dominican Republic. East Coast of the United States should start seeing swells during the next few days along with Bahamas, Bermuda and he eastern coast of Canada. Hurricane Center uttered these swells will cause very dangerous surf and life-threatening rip currents.