International

International
Monday, April 26th 2010 - 19:35 UTC

British BAE Systems First non-US Arms Company to Lead SIPRI’s Top 100 List

Mine-resistant, ambush-protected (MRAP) vehicles for the wars in Afghanistan and Iraq was one of the main purchases of the US government

With arms sales reaching 32.4 billion in 2008, BAE Systems is the first non-US company to lead SIPRI's Top 100 list of the largest arms-producing companies.

Monday, April 26th 2010 - 06:04 UTC

Lib-Democrats Discard Support for PM Brown if Labour is Third in Popular Vote

Nick Clegg ready to break stalemate of a “hung” parliament

Britain’s Liberal Democrats said they would not back Primer Minister Gordon Brown if his party came third in the popular vote on May 6, even if the nation's electoral system gave Labour the most parliamentary seats.

Monday, April 26th 2010 - 05:51 UTC

Former Royal Navy Falklands’ Patrols Sold to Bangladesh

HMS Dumbarton Castle, out of service since 2005, sailing in Falklands’ waters

Two former Royal Navy offshore patrol vessels built by Hall Russell in Aberdeen and which for years were on Falkland Islands service have been sold to Bangladesh's navy.

Monday, April 26th 2010 - 05:40 UTC

Huge Operation to Stop Oil Leaking from Gulf of Mexico Well Explosion

The well is leaking 1.000 barrels of oil per day

Efforts were under way Sunday to contain and stop oil leaking from a BP well after a rig explosion in the Gulf of Mexico, the US Coast Guard said. Officials found oil was leaking Saturday from the well.

Monday, April 26th 2010 - 01:36 UTC

World Bank Agrees to Increased Capital and Voting Power for Developing Countries

 WB president Robert B Zoellick facing the challenge of a new multi-polar global economy

The 186 countries that own the World Bank Group endorsed on Sunday boosting its capital by more than 86 billion US dollars and giving developing countries more influence.

Saturday, April 24th 2010 - 11:08 UTC

Exchange Rate Disorder

Professor José Antonio Ocampo

By Jose Antonio Ocampo – Two troubling features of the ongoing economic recovery are the depressed nature of world trade and the early revival of international global payment imbalances. Estimates by the International Monetary Fund and the United Nations indicate that the volume of international trade in 2010 will still be 7% to 8% below its 2008 peak, while many or most countries, including industrial nations, are seeking to boost their current accounts.

Saturday, April 24th 2010 - 07:28 UTC

Volcanic Ash Cloud Costs European Tourism 2.3 Billion USD Losses

UNWTO  Secretary-General Taleb Rifai

Air traffic disruptions caused by the volcanic ash cloud from Iceland inflicted losses on the European tourism sector worth 2.3 billion dollars (1.7 billion Euros), the United Nations World Tourism Organization (UNWTO) estimated Friday.

Saturday, April 24th 2010 - 07:13 UTC

Global Warming Contributing to Rapid Ocean Acidification

Chemistry of oceans changing at an unprecedented rate and magnitude, says the US National Research Council report

Carbon dioxide emissions that contribute to global warming are turning the oceans more acidic at the fastest pace in hundreds of thousands of years, the U.S. National Research Council warns.

Saturday, April 24th 2010 - 01:32 UTC

Could the Greek Crisis Spell the End of the Euro as a Currency?

European economist and Royal Bank of Scotland strategist Jacques Cailloux

If Greece was to default it would effectively spell the end of the Euro as a currency, according to Royal Bank of Scotland's (RBS) strategist and chief European economist Jacques Cailloux.

Saturday, April 24th 2010 - 01:03 UTC

Tory Leader Cameron Gains Ground in Latest Debate according to Polls

 Liberal Democrats' Nick Clegg remains as the rising star

British Conservative leader David Cameron gained ground on the Liberal Democrats' Nick Clegg in the leaders’ debate, as polls gave conflicting verdicts on which of the two won.

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