Gibraltar Chief Minister Peter Caruana declared that the Tripartite Forum (Gib., UK, Spain) must be consolidated as the vehicle for cross-border dialogue so that its existence is not dependent on a change of Government in either Spain or Gibraltar.
Australian company Resourcehouse Ltd. announced Saturday that it had struck a 60 billion US dollars, 20-year agreement to supply coal to China Power International Development Ltd., calling it Australia's biggest export contract.
Britain should be seen in the same category of countries as Greece, Portugal and Spain, who are facing severe debt problems, a leading economist has said. Ex-IMF chief economist Simon Johnson, also described the G7 group of leading economies as fundamentally useless.
The Bank of England will continue to buy up corporate bonds despite calling a halt to its Quantitative Easing programme, it has emerged. George Trefgarne from the Centre for Policy Studies highlighted the development in an interview with Sky's Jeff Randall Live programme.
The Falkland Islands government said that hydrocarbons exploration is an important element to achieve a sustainable economic future for the Islands and quoted from British PM Gordon Brown New Year message when he said that there are “no doubts about UK sovereignty over the Falklands ” and the principle of self determination.
Britain's longest- and deepest-ever recession plunged a record number of people into insolvency last year, new figures show. A total of 134,142 people went bankrupt or took out an Individual Voluntary Arrangement (IVA) or Debt Relief Order during the year, according to the Insolvency Service.
First the bad news: Spain's economy contracted by 3.6% in 2009, the most in decades, as domestic demand plummeted according to a Bank of Spain estimate that was in line with government forecasts.
Concerns about the US economy and the potential spread of debt problems in the Euro zone (Greece, Portugal and Spain) have led to large falls in world stock markets. US and key European markets lost more than 2% while those in Spain and Portugal fell by more than 5%.
The euro zone economy will continue to grow at a moderate pace but with bumps on its path to recovery, European Central Bank (ECB) President Jean-Claude Trichet said on Thursday.
The British Armed Services will have to rely more on France and other international allies as they face tough choices in the coming years, said UK Defence Secretary Bob Ainsworth on the launching of Government Green Paper that will pave the way for a full-scale strategic defence review after the General Election.