Thursday, December 24th 2009 - 09:03 UTC

EU, US and OAS condemn killing of Colombian governor attributed to FARC

Catherine Ashton, High Representative of the EU for Foreign Affairs and Security Policy said Colombia can count with the EU

The European Union, United States and the Organization of American States condemned the killing of Colombian governor Luis Francisco Cuellar, which has been attributed to the Marxist-inspired, drugs-funded Revolutionary Armed Forces of Colombia, FARC, the oldest guerrilla grouping operating in the country.

Wednesday, December 23rd 2009 - 09:51 UTC

UK economy shrinks 0.2% in third quarter; longest ever recession

The UK recession began in the April-to- June quarter of 2008

The United Kingdom has now lost 6% of its entire economic output in its longest ever recession, official figures have confirmed. The current slump is on a par with the 1980s recession which blighted former premier Margaret Thatcher's early years in power.

Wednesday, December 23rd 2009 - 09:45 UTC

RAF signs contract for seventh C 17 strategic transport aircraft

The C17’s huge capacity enables carriage of loads such as a Chinook helicopter or thirteen Land Rovers

The Royal Air Force has signed a contract for the seventh C17 aircraft the UK Ministry of Defence announced Tuesday. The new strategic transport aircraft will add to a fleet that has seen heavy usage during recent operations in Iraq and Afghanistan.

Wednesday, December 23rd 2009 - 08:15 UTC

Third credit rating agency downgrades Greek sovereign bonds

“The country's longer-term risks have only partly been offset by the government's policy response” said Moody’s

A third credit ratings agency has downgraded Greek government bonds over concerns about the country's ability to reduce its high levels of debt. Moody's is the third of the three major international agencies to downgrade Greece, following similar moves by Fitch and Standard & Poor's.

Wednesday, December 23rd 2009 - 08:09 UTC

China's GDP per capita expected to climb to 4.000 USD by end of 2010

Because of the world recession the income gap between urban and rural China residents “will widen”

China's GDP per capita is expected to climb to 4,000 US dollars by the end of next year, according to the 2010 social blue book issued Monday, reports Global Times.

Wednesday, December 23rd 2009 - 08:07 UTC

China and Taiwan agree to closer economic ties

President Ma's pro-China stance at one time had a lot of support from the Taiwanese people

China and Taiwan have signed the latest in a series of economic deals, amid some disquiet on the island at their ever-closer relationship. Chen Yunlin, China's top Taiwan envoy, agreed the deals with his Taiwanese counterpart on the second day of his four-day visit to the island.

Wednesday, December 23rd 2009 - 07:53 UTC

EU votes to extend tariffs on shoes from China and Vietnam

The move is considered unpopular among retail groups in Europe

The European Union has voted to extend tariffs on shoes from China and Vietnam in order to help European producers compete with cheaper imports. The tariffs, which were first introduced in 2006, will last for a further 15 months.
A number of countries in the EU were opposed to the extension.

Wednesday, December 23rd 2009 - 07:46 UTC

Spain vetoes Gibraltar for data protection and right to privacy convention

Gib is a dependent, non-self governing territory for whose external relations Britain is responsible

Spain has vetoed Gibraltar’s role as interlocutor in a 2001 European Convention of data protection, right to privacy and exchange of data between member states, reports the Gibraltar Chronicle.

Wednesday, December 23rd 2009 - 06:17 UTC

Spain’s Air Comet grounded leaves thousands stranded in Latinamerica

The airline is part of the Spanish travel group Marsans, which once owned Aerolíneas Argentinas

Spain's long-haul leisure carrier Air Comet stopped flying Tuesday, stranding thousands of passengers at airports in Spain and Latin America.

Tuesday, December 22nd 2009 - 16:13 UTC

China forecasts 11% industrial expansion and 8% for GDP in 2010

Beijing officials however warned about “blind” optimism since the recovery is still waiting for the private sector to respond

China's industrial output is expected to post an annual 11% increase in 2009 and in 2010 buoyed by the government's stimulus packages, Minister of Industry and Information Technology (MIIT) Li Yizhong said Monday. He added that industrial performance would ensure GDP growth of 8% as planned for this year and the next.


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