The European Union's top justice official is advocating for the bloc to open it's doors to 20 million more immigrant workers over the course of the next two decades.
Ministers took dramatic action in an attempt to end the crisis at Northern Rock as Chancellor Alistair Darling announced the Government would guarantee all deposits with the bank.
China raised interest rates on Friday for the fifth time this year, in the latest of a series of tightening steps to cap inflation and prevent the world's fastest growing economy from overheating.
Uruguay's wine industry, particularly Tannat, received ample praise from New York City's gourmets and media during the recent Fourth Annual Great Tannat Tasting.
Wind-blown fires scorching the parched Paraguayan countryside have scarred almost 3 million acres of forest, brush, pasture and farmland, officials said Friday, forcing the evacuation of 15,000 people and threatening nature reserves.
Argentine Central Bank President Martin Redrado said the bank is deeply concerned about the country's inflation rate, the strongest statement so far from a member of the President Kirchner administration.
Uruguay's government launched this week a package of seven price-cutting measures on goods and services aimed at containing, which rose to 8.2% in the first eight months of the year far above the annual target of 6.5%.
United Kingdom Chancellor Alistair Darling has joined growing calls –from the US Congress and EU leaders-- for a probe into the role that credit agencies have played in the current world financial turbulence.
An independent review panel has found that the World Bank has not considered fighting corruption seriously and has defended itself against efforts taken by anti-graft investigators.
The crisis of confidence in credit markets is likely to last longer than previous financial shocks of the past two decades warned United States Treasury Secretary Henry Paulson in an interview with the Financial Times.