International

International
Wednesday, October 15th 2014 - 08:28 UTC

Germany insists with a 2015 balanced budget despite slower growth forecast

“Germany's stance is important. If we stray from our path then that gives grounds for others to do the same,” said Merkel at a party conference

German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%.

Wednesday, October 15th 2014 - 08:16 UTC

Oil prices hit new lows with prospects of further slide; excess supply, weak demand

In its monthly oil market report, the IEA said Opec production hit a 13-month high in September.

Global oil prices have fallen further after the International Energy Agency (IEA) reported higher output and cut its forecast for demand growth. Brent crude fell 2.72 to 86.17 dollars a barrel before seeing a slight recovery, while US crude dropped 1.75 to 83.99.

Wednesday, October 15th 2014 - 07:38 UTC

“Chile Day” in London underlines the very close links with the UK

Minister Swire recalled friendship can be traced back to Lord Cochrane’s involvement in Chilean independence two centuries ago

Chilean authorities and business people opened the London Stock Exchange on Tuesday as part of the “Chile Day 2014” which is the country's foremost promotion event abroad for the financial and business sectors. UK Foreign Office Minister of State for Latin America Hugo Swire underlined that Chile in “a key partner in the region”.

Tuesday, October 14th 2014 - 16:43 UTC

IMF urges economic reforms or face brittle growth, high debt and unemployment

Lagarde has been beating the drum on deeper economic reforms for at least the past two years

The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly.

Tuesday, October 14th 2014 - 16:25 UTC

Madrid's attitude towards Gibraltar could thwart Spain's seat at Security Council

This weekend the UN Security Council will decide which two of Turkey, New Zealand or Spain are admitted. UK has veto power.

Spain’s separate battles to both become a temporary member of the United Nations Security Council and to also force Britain into bilateral negotiations over Gibraltar appear to be on a collision course, according to a report in the Wall Street Journal.

Tuesday, October 14th 2014 - 11:54 UTC

First BMW rolls out from Brazilian plant; annual production goal: 30.000

The first car to roll off the assembly line in Araquari is a 328i ActiveFlex. It is specifically designed for the flexible use of either ethanol or petrol

Germany's BMW Group celebrated last week the first car to be assembled in its new Brazilian automobile plant in Araquari, Santa Catarina State, where over the course of the next few years, more than 200 million Euros will be invested in the plant, resulting in a production capacity of more than 30,000 vehicles annually.

Tuesday, October 14th 2014 - 06:19 UTC

Falklands case at Gibraltar conference on self-determination and independence

The conference covers BOTs such as Gibraltar, Falkland, but also Scottish devolution, Catalan independence and political aspirations in Basque Country.

An international symposium looking at the historical backdrop underpinning the concepts of self-determination, devolution, and independence on self-determination will take place next Thursday and Friday in Gibraltar. The aim of this conference is to look at these concepts and to explore them across a number of different examples.

Tuesday, October 14th 2014 - 06:00 UTC

A masterly account of the Battle of the Falklands 1914

The Battle of the Falklands 1914 By Graham Pascoe reviewed by David Tatham - With the centenary of the 1914 naval battle coming up in December and commemorations planned for Falkland Islands capital, Stanley and London, Graham Pascoe’s concise account of the battles of Coronel and the Falkland Islands is well timed.

Tuesday, October 14th 2014 - 05:53 UTC

Pope Francis shakes Vatican policy with new attitude towards gays

“If someone is gay and he searches for the Lord and has good will, who am I to judge?” said Pope Francis recently speaking with journalists

The Vatican has taken strides in announcing a new change in views towards homosexuals, which according to a Vatican document drafted after a week-long discussion of 200 bishops on family issues, states that homosexuals have “gifts and qualities to offer.”

Tuesday, October 14th 2014 - 05:35 UTC

Bank of England governor warns 'bankers' behavior still needs to change”

Governor Carney's warning comes amid a radical reshape of the industry aimed at limiting the impact of any future bank collapses.

Bankers' behavior still needs to change following the financial crisis, Bank of England governor Mark Carney has warned. He added that top executives had “got away without sanction”.“Maybe they were not at the best tables in society after that, but they're still at the best golf courses. That has to change,” he said. Mr Carney was speaking at the International Monetary Fund's annual meeting in Washington.

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