IMF praises Spain and Ireland

The International Monetary Fund says Spain will probably return to growth this year and Ireland could exit its bailout. But it also says further recovery hinges on their capacity to clean up ailing lenders, create jobs and maintain investor confidence. To that end Spain announced another round of public spending cuts Wednesday.

World bank climate alarm

In a new study, the World Bank looks at the likely effects of projected global warming in a range of areas, including agriculture, water resources, coastal erosion and vulnerability to flooding. It warns of "alarming" dangers, if no preventive action is taken.

General Electric going green

Massive US conglomerate General Electric, which sells everything from lightbulbs to home appliances and financial services, is now looking to increase its presence in the wind power sector. And it's making its challenge in Germany.