BHP Billiton proposed 114 billion US dollars hostile bid for rival mining giant Rio Tinto has been cleared by Australia's competition watchdog.
French President Nicolas Sarkozy distanced himself from a proposed 300 billion Euro European Union-wide bank rescue scheme that has divided EU governments on the eve of a meeting to be held in Paris.
The British Government has said that it agrees with the Foreign Affairs Committee's (FAC) statement that Gibraltar's presence on the UN list of Non-Self Governing Territories is an anachronism.
The outlook for oil demand is weakening, shifting the sentiment of oil markets from bullish to bearish according to a report from the Saudi Arabia's Arab News daily.
British Prime Minister Gordon Brown has reshuffled his cabinet with more experienced heavy weights from New Labor beginning with Peter Mandelson, the EU Trade Commissioner and twice minister with Tony Blair.
The European Central Bank left interest rates unchanged at 4.25%, resisting pressure for a rate cut. However ECB president Jean Claude Trichet said that a quarter point interest rate cut had been considered, but there had been a unanimous vote against it.
Calling for the democratization of the United Nations, General Assembly President Miguel D'Escoto stressed this week the need to restore power usurped by the Security Council to other organs of the world body.
Chinese police have arrested 22 people suspected of producing melamine - the chemical found in milk products which have made thousands of babies ill. The arrests took place on 17 September, but were only reported widely on Monday evening.
Ireland's Prime Minister Brian Cowen defended a radical 400 billion Euro state move to shore up its financial system and in the continent France, Belgium and Luxembourg bailed out a second bank .
The European Commission said on Tuesday it is in close contact with the Irish government over its decision to guarantee all bank deposits. Concerns have been raised that Dublin's move may give Irish banks an unfair advantage over foreign competitors.