Thursday, November 18th 2010 - 18:53 UTC

EU unveils plans for a “greener” 60 billion Euro Common Agricultural Policy

Agriculture Commissioner Dacian Ciolos: fairer CAP for consumers and taxpayers

EU farm spending, worth almost 60 billion Euros annually, should no longer be based on previous subsidy levels for farmers, the European Commission has said. But subsidies are still needed to protect Europe's food supplies and rural diversity, it believes.

Thursday, November 18th 2010 - 18:51 UTC

UK banks’ exposure to Irish lenders above £ 139 billion

Bank of England Governor Mervyn King: ‘by no means trivial’

Ireland's banking problems are likely to have a direct effect on the United Kingdom's battered institutions. According to the Bank of International Settlements, UK banks have a total exposure to Irish lenders of 222 billion US dollars (£139bn).

Thursday, November 18th 2010 - 18:35 UTC

Ireland’s dilemma: sovereign solvency or rescuing the banking system

Prime Minister Brian Cowen: ‘assistance, no bail out’

Emergency talks were being held in Dublin overnight as fears about Ireland’s ailing banking system forced the deployment of a team from the European Union, the International Monetary Fund and the European Central Bank.

Thursday, November 18th 2010 - 17:08 UTC

UK promises stronger and closer relationship with Overseas Territories

Special mention for the air access project for St Helena (Photo: Andrew Neaum)<br />

A wide range of issues of mutual interest and concern were addressed by the UK Minister for the Overseas Territories Henry Bellingham and leaders from the Overseas Territories. The OTs Consultative Council is currently meeting in London.

Thursday, November 18th 2010 - 11:50 UTC

Spain expects to benefit from EC 2011 fishing quotas for hake

Vessels landings in Vigo, Spain’s fishing industry hub (Photo FIS)

For 2011, the European Commission (EC) intends to maintain fishing quotas for hake in the waters of the North (Gran Sol and North Sea) and increase catches by 15 per cent in waters of the South (from the Bay of Biscay to the Gulf of Cadiz, including the coasts of Galicia and Portugal).

Thursday, November 18th 2010 - 10:58 UTC

China to provide food subsidies fearing price inflation and social unrest

Wholesale price of some vegetables have risen by nearly two-thirds

China's government has said it will provide poorer households with subsidies in response to double-digit food price inflation. Inflation accelerated to 4.4% in October, with food prices rising 10.1%.

Thursday, November 18th 2010 - 02:35 UTC

New Zealand opens exciting cruise season and expects 140.000 passengers

Sapphire Princess started the current cruise season last October 15 (Pic credit Tourism New Zealand)

New Zealand has seen phenomenal cruise growth since 1995 and the 2010-2011 cruise season which started on 15 October with the Sapphire Princess, is forecast to be even larger than what the country has ever experienced.

Wednesday, November 17th 2010 - 16:55 UTC

EC announces 2011 TAC with fishing cuts proposals for 64 species

Maria Damanaki, Commissioner of Maritime Affairs and Fisheries of the European Union

The European Commission (EC) has proposed fishing cuts for 64 species after having announced the new total allowable catch (TAC) for 2011 and fishing effort levels in the Atlantic Ocean, the North Sea and international waters regulated by regional fisheries management organizations.

Wednesday, November 17th 2010 - 16:16 UTC

UK launches new Overseas Territories’ strategy at London meeting

Foreign Office Minister for the Overseas Territories Henry Bellingham

A new strategy that will reinvigorate the UK's relationship with its Overseas Territories will be at the heart of discussions at the annual Overseas Territories Consultative Council which begins Wednesday 17 November.

Wednesday, November 17th 2010 - 15:52 UTC

Prince William royal wedding gift: £ 620 million to the UK economy

An event with a world audience

UK market research company Verdict has forecast the engagement of Prince William and Kate Middleton and their subsequent Royal Wedding next year could give a £620m (billion US dollars) boost to the economy.


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