Wednesday, July 13th 2011 - 21:40 UTC

EC checks into German government aid to car manufacturers

The East German Trabant has become the VW Gold and Passat

European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.

Wednesday, July 13th 2011 - 18:49 UTC

Europeans countries borrowing on Germany’s credit rating is over, says Dragui

Solvency is not acquired but earned with growth and balanced budgets, message from the next ECB president

Europe’s debt crisis has entered a new phase and policy makers must come up with a “clear” response to stop the contagion that threatens the region’s single currency, said the European Central Bank’s incoming President Mario Draghi.

Wednesday, July 13th 2011 - 16:35 UTC

Europe unveils plan to reform fishing industry and phase out ‘discards’

Fisheries Commissioner Maria Damanaki admits failure, after 28 years

European Commission has unveiled major plans to reform the EU fishing industry and stop catches being wasted. The proposal, due to take effect from 2013, would give fleets quota shares guaranteed for at least 15 years.

Wednesday, July 13th 2011 - 16:12 UTC

UK political system targets News Corporation: end of Murdoch’s empire?

Full powers to Lord Justice Leveson to call media proprietors, editors and politicians

Rupert Murdoch's News Corporation has announced that it is dropping its planned bid to take full ownership of satellite broadcaster BSkyB. The announcement came as the House of Commons prepared to vote for a motion supported by all major party leaders calling on Mr Murdoch to do so.

Wednesday, July 13th 2011 - 00:44 UTC

Sao Paulo and Rio do Janeiro among the 12 most expensive cities in the world

New York was the highest placed US city in 32nd place

Brazil’s two biggest cities are getting more and more costly and are more expensive places to live in than New York, according to the annual cost of living study released Tuesday by business consulting firm Mercer.

Wednesday, July 13th 2011 - 00:29 UTC

The year of the seven-billionth baby, up two billion since July 1987

Ban Ki-moon: “We have enough food for everyone, yet nearly a billion go hungry”

The United Nations marked on Monday July 11, World Population Day, with Secretary-General Ban Ki-moon stressing that ending global poverty and inequality was the key to unleashing the great human potential for prosperity and peaceful coexistence.

Tuesday, July 12th 2011 - 23:43 UTC

US and Spain host to most of the 6.5 million that migrated from the Americas from 2003 to 2009

OAS Secretary General José Miguel Insulza, a research with no parallel in the region

Between 2003 and 2009, nearly 950,000 people per year emigrated from the Americas to countries of the OECD and of this total, nearly half went to the United States, and a fourth to Spain, according to the First Report on International Migration in the Americas.

Tuesday, July 12th 2011 - 23:32 UTC

China secures one of IMF four Deputy Managing Director posts

Zhu Min was deputy governor of the Bank of China and since May 2010 Special Advisor to the Managing Director

China has secured its first top-level post at the International Monetary Fund (IMF) in recognition of its growing power in the global economy. New IMF Managing Director Christine Lagarde appointed Zhu Min to a newly created deputy managing director post.

Tuesday, July 12th 2011 - 07:30 UTC

Police reveal former PM Brown could have been victim of Murdoch’s tabloid

Family of former PM Brown shocked by the level of criminality

Police have said that former British Prime Minister Gordon Brown may have been a victim of phone hacking by an investigator working for British newspapers, his spokeswoman said on Monday.

Tuesday, July 12th 2011 - 07:23 UTC

News of the World bought UK royal family details from police team, says BBC

“The security of the head of state was in some sense being jeopardised” (Photo BBC)

The News of the World newspaper bought contact details about the royal family from a policeman, the BBC reported today, deepening the scandal engulfing the News Corp media empire.


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