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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.