The British Government announced that Michael Foot, currently Chairman of the UK office of Promontory Financial Group, will lead the independent review of British offshore financial centres, mostly in Overseas Territories, anticipated at Pre-Budget Report 2008.
Britain's House of Commons Speaker Michael Martin said he regrets that police were allowed to search Conservative MP Damian Green's office without a warrant.
A parliamentary aide had allowed a raid - part of a government leaks inquiry - by signing a consent form, he added.
The German auto industry's leading trade group said Wednesday it expects 2009 car sales to be the worst since the reunification of the country in 1990 as the global financial crisis takes its toll on consumers and economic growth.
Representatives of more than 100 countries gathered in Oslo, Norway Wednesday to sign a treaty banning cluster bombs. Norway, which has led efforts to ban cluster bombs, was the first to sign the Convention on Cluster Munitions, which bans the use, production, and sale of the weapons.
British Primer Minister Gordon Brown has moved to stem growing repossessions with a £1 billion package to allow struggling homeowners to defer mortgage payments for up to two years.
India on Monday made it clear that the deadly terror strikes in Mumbai were carried out by Pakistan-based militants and asked Islamabad to take strong action against the elements responsible for this outrage - a sign that ties between the two countries are headed for a rocky patch.
Wall Street suffered one of its worst days Monday, slicing 680 points off the Dow Jones industrial average as fears of a recession, or even worse, were confirmed by the latest data. Not only did stocks end their last week's five-day winning streak, they erased more than half the gains and the Standard & Poor's 500 stock index one of the broadest market gauges, lost nearly 9%.
Pirates chased and shot at a US cruise liner with more than 1,000 people on board but failed to hijack the vessel as it sailed along a corridor patrolled by international warships, a maritime official said Tuesday.
China's dairy exports have all but ground to a halt following the scandal earlier this year when milk was tainted with the industrial chemical melamine. Data reported in the country's state media suggests that dairy exports fell 92% year-on-year in October.
The Kuwait Investment Authority, KIA, could rival a bid by Russian oil company Lukoil for the 20% stake in the Spanish oil corporation Repsol.YPF, according to the Finmarket website, which was published in Madrid's ABC newspaper.