Friday, December 25th 2009 - 15:54 UTC

Australia again threatens Japan with legal action for whaling

Environmentalists are in the lookout for the Japanese whaling fleet

The Australian government insists it will take international legal action against Japan if it doesn't stop whaling. And it will send surveillance boats to the Southern Ocean to monitor the Japan's annual whaling hunt if it needs to mount a legal case

Friday, December 25th 2009 - 15:43 UTC

Le Monde names Brazil’s Lula da Silva as “Man of the Year”

Lula:  “The most popular politician in the world”

French daily Le Monde named Brazilian President Lula da Silva “Man of the Year” for “personifying a giant”. It is the first time in its history the French publication has made this designation.

Thursday, December 24th 2009 - 09:26 UTC

Minutes show Bank of England unanimous vote on December decisions

Chief economist Spencer Dale favoured no money expansion in November

All nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at its December meeting. Minutes from the meeting also showed that the MPC was unanimous in voting to maintain the £200bn quantitative easing (QE), or asset buying, programme.

Thursday, December 24th 2009 - 09:03 UTC

EU, US and OAS condemn killing of Colombian governor attributed to FARC

Catherine Ashton, High Representative of the EU for Foreign Affairs and Security Policy said Colombia can count with the EU

The European Union, United States and the Organization of American States condemned the killing of Colombian governor Luis Francisco Cuellar, which has been attributed to the Marxist-inspired, drugs-funded Revolutionary Armed Forces of Colombia, FARC, the oldest guerrilla grouping operating in the country.

Wednesday, December 23rd 2009 - 09:51 UTC

UK economy shrinks 0.2% in third quarter; longest ever recession

The UK recession began in the April-to- June quarter of 2008

The United Kingdom has now lost 6% of its entire economic output in its longest ever recession, official figures have confirmed. The current slump is on a par with the 1980s recession which blighted former premier Margaret Thatcher's early years in power.

Wednesday, December 23rd 2009 - 09:45 UTC

RAF signs contract for seventh C 17 strategic transport aircraft

The C17’s huge capacity enables carriage of loads such as a Chinook helicopter or thirteen Land Rovers

The Royal Air Force has signed a contract for the seventh C17 aircraft the UK Ministry of Defence announced Tuesday. The new strategic transport aircraft will add to a fleet that has seen heavy usage during recent operations in Iraq and Afghanistan.

Wednesday, December 23rd 2009 - 08:15 UTC

Third credit rating agency downgrades Greek sovereign bonds

“The country's longer-term risks have only partly been offset by the government's policy response” said Moody’s

A third credit ratings agency has downgraded Greek government bonds over concerns about the country's ability to reduce its high levels of debt. Moody's is the third of the three major international agencies to downgrade Greece, following similar moves by Fitch and Standard & Poor's.

Wednesday, December 23rd 2009 - 08:09 UTC

China's GDP per capita expected to climb to 4.000 USD by end of 2010

Because of the world recession the income gap between urban and rural China residents “will widen”

China's GDP per capita is expected to climb to 4,000 US dollars by the end of next year, according to the 2010 social blue book issued Monday, reports Global Times.

Wednesday, December 23rd 2009 - 08:07 UTC

China and Taiwan agree to closer economic ties

President Ma's pro-China stance at one time had a lot of support from the Taiwanese people

China and Taiwan have signed the latest in a series of economic deals, amid some disquiet on the island at their ever-closer relationship. Chen Yunlin, China's top Taiwan envoy, agreed the deals with his Taiwanese counterpart on the second day of his four-day visit to the island.

Wednesday, December 23rd 2009 - 07:53 UTC

EU votes to extend tariffs on shoes from China and Vietnam

The move is considered unpopular among retail groups in Europe

The European Union has voted to extend tariffs on shoes from China and Vietnam in order to help European producers compete with cheaper imports. The tariffs, which were first introduced in 2006, will last for a further 15 months.
A number of countries in the EU were opposed to the extension.


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