Argentine president Cristina Fernandez de Kirchner strong lobbying for support from the Arab League in its dispute with Britain over the Falkland Islands is proving to be a short lived pyrrhic victory since she involved Argentina in the Palestine question and infuriated the Jewish community.
The Wildlife Conservation Society (WCS) has announced the discovery of a huge population of rare dolphins in South Asia—but warns that the population is threatened by climate change and fishing nets.
Sea cucumber stocks are under intense fishing pressure throughout the world according to a new FAO report. Most high value commercial species have been depleted in the African and Indian ocean regions.
Anti G-20 summit protestors rioted in downtown London but Scotland Yard has said that all violent protesters who attacked police and stormed a bank will be tracked down and prosecuted.
United States Department of the Treasury and the Government of Gibraltar announced in London in the framework of the G20 summit that the two countries have signed an agreement to allow for exchange of information on tax matters between the United States and Gibraltar, reports the Gibraltar Chronicle.
US President Barack Obama warned G20 leaders against giving in to fear and getting into a blame game, on the eve of the crunch summit to rescue the global economy. At a joint press conference with Gordon Brown, the president admitted that the US had some accounting to do over its responsibility for the crisis. But he also insisted that financial regulatory systems had been mismatched all around the world.
France and Germany called for tougher regulation for the world's financial system during the first day of the G20 summit in London. French President Nicolas Sarkozy, who has threatened to walk out of the meeting, said that new financial regulation was a non-negotiable goal.
The United Kingdom government debt rose to £750.3 billion in 2008, more than half of gross domestic product (GDP), according to the Office for National Statistics (ONS).
GDP growth in the developing world will slow to a projected 2.1% in 2009 from 5.8% in 2008, according to World Bank estimates released Wednesday. The Bank has more than halved its November 2008 projection of 4.4% growth in developing countries in 2009, reflecting the rapid deterioration of global financial and economic conditions.
United States President Barack Obama is in the United Kingdom for his first major foreign trip since taking office in January. In London he is to attend the G20 summit of the world’s 20 major economies representing 85% of global GDP, which is hosted by British Prime Minister Gordon Brown. The two will have breakfast talks in Downing Street on Wednesday followed by meetings with other world leaders.