Risk rating agency Fitch downgraded Spain’s sovereign debt on Friday one notch from AAA to AA+ with an outlook of stable, saying that the country’s economic recovery is likely to be difficult and prolonged.
The IMF sees global economic growth of 4.25% this year and next, faster than previously expected, the head of the multilateral lender said on Friday.
Australia has said it will begin legal action against Japan over whaling in the Antarctic. Canberra will argue that the annual whaling hunt in the Southern Ocean is in violation of an international ban on commercial whaling.
Brazilian Finance Minister Guido Mantega suggested the International Monetary Fund (IMF) include China's Yuan and Brazil's Real as conversion currencies for Special Drawing Rights (SDR) of the institution.
French Sociologists Alain Touraine and Polish born Zygmunt Bauman received on Thursday the 2010 Prince of Asturias Awards for Communication and Humanities.
World stock markets soared strongly on Thursday, boosted by supportive comments from China on the strength of the Euro. The agency that manages the country's huge foreign assets said it was not rethinking its holdings in Euros.
There has been temporary relief for Spain’s governing Socialists as parliament narrowly approved the 15 billion Euro austerity package: the motion was passed by only one vote, 169 to 168.
The ancestors of modern squid may have existed half a billion years ago - a lot earlier than previously thought. In a new study, Canadian researchers identified a previously unclassifiable fossil that was long believed to belong perhaps to the shrimp family.
Germany's push for an orderly insolvency process for indebted Euro zone states suggests Berlin is assuming the worst: that one of its peers -- most likely Greece -- will default on its debt repayments.
An allegedly peaceful rally for a democratic Cuba outside the Cuban Embassy in Norway’s capital Oslo turned bloody at the weekend, and could turn into a diplomatic incident.