The International Monetary Fund re-activated this week a 571 billion dollars resource pool to ensure it has funds to help cover Europe's worsening sovereign-debt crisis. The IMF extended activation of its so-called New Arrangements to Borrow for a six-month period from October.
Australian beer giant Foster's has accepted an improved takeover worth 9.9 billion Aus dollars (10.2bn US dollars) from British-based brewer SABMiller, the pair announced on Wednesday.
Bowhead whales, the giants of the Arctic, are using the Northwest Passage to move across the top of the Americas. Skeletons, DNA samples and harpoon heads have all suggested that bowhead populations living on each side of the continent did meet and mingle.
US President Barack Obama told the United Nations that the Palestinians deserved a state of their own, but that this would only be achieved through talks with Israel.
The United Nations launched on Monday an all-out attack on non-communicable diseases (NCDs) such as cancer and diabetes with a summit meeting devoted to curbing the factors, like tobacco and alcohol use, behind the often preventable scourge that causes 63% of all deaths.
Last Sunday outside of Germany and probably Eastern Europe the feat was ‘uneventful’, but the Pirate party ‘captured’ 15 seats in Berlin’s state assembly with 8.5% of the votes humiliating major parties such as the Free Democrats and landing Chancellor Angela Merkel yet another political setback.
IATA, (International Air Transport Association) announced an upgrading of its industry profit expectations to 6.9 billion dollars, up from 4 billion projected in June. IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of 594 billion dollars.
Robust growth over the past decade in Latin America and the Caribbean (LAC) has had one new, key driver: China. The region’s relationship with the Asian giant has proved to be a critical source of stability, both during the global economic crisis of two years ago, the greatest since the Great Depression, and even the current market turmoil that is rolling across Europe and the United States.
UK Deputy Prime Minister Nick Clegg was very much interested in the Falkland Islands situation, oil prospects and relations with “our neighbours across the sea”, said Islands’ lawmaker MLA Roger Edwards present at the Liberal-Democratic party conference this week in Birmingham.
Argentine president Cristina Fernandez de Kirchner, CFK, threatened to review and suspend the Falklands/Malvinas air link with Chile, covered by the 14 July 1999 agreement, unless the UK abides by UN resolutions and begins talks with Argentina on disputed South Atlantic Islands’ sovereignty.