Australia's Labor leader Kevin Rudd, a Mandarin speaking former diplomat, swept into power at a national election Saturday on a wave of support for generational change, ending 11 years of conservative rule.
At 18:30 hours Chilean time Zodiac boats belonging to a Norwegian cruise vessel began landing the 154 passengers from the stricken MV Explorer at the Chilean Antarctic base President Frei in King George Island.
A legal and insurance storm of Antarctic proportions could be in the making for the M/V Explorer and its owners if a report in the maritime market news portal Lloyd's List proves to be correct.
Proposed initiatives to remove landmines and explosive remnants of war in some 30 countries and three territories around the world are expected to cost 404 million US dollars next year, according to a report jointly published by three United Nations agencies and released Tuesday.
The Organization for Economic Cooperation and Development, OECD said on Wednesday that overall losses caused by the U.S. mortgage market crisis could hit 300 billion US dollars and the broader credit crunch could yet inflict greater damage on equity markets.
China's soy oil purchases will represent 45% of world's imports by the end of last September up 25% from seven years ago according to a report from the Beijing government supported Shanghai Daily”.
Spain's Repsol-YPF CEO Antonio Brufau claimed on Wednesday that certain countries in Latinamerica, which he did not specify, seem to have difficulties in perceiving the benefits that come with foreign investments, both for the economy and its population.
The dollar on Wednesday slumped to a new record low against the Euro pushed by weaker US growth prospects and pressures for another cut to US interest rates when the Federal Reserve Monetary meets next December 11.
European Agriculture Commissioner Mariann Fischer Boel announced plans to reduce funding for Europe's biggest farmers which means anyone currently receiving more than 100,000 euros as part of the Single Payment Scheme would have their aid capped.
The chairman of the G10 group of central bankers Jean-Claude Trichet was optimistic on Monday about prospects for global growth even though he conceded that the risks remain listed to the downside.