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.
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).
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.
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.
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).
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%.
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.
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.
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.
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.