Spanish carrier Spanair filed for voluntary bankruptcy Monday, officials said, three days after abruptly stopping all flights and stranding tens of thousands of passengers.
Healthy seas and coasts would pay healthy dividends in a green economy, according to a report released by several United Nations Programs, the International Maritime Organization and a group of environmental groups that highlights the huge potential for economic growth and poverty eradication from well-managed marine sectors.
Argentina condemned the announcement of the arrival of state of the art HMS Dauntless, a British warship, to the Falklands/Malvinas Islands and urged the UK to “avoid falling in the temptation of engaging in discourse that transforms patriotism in bullying patriotism.”
China’s bustling Shanghai is striving to become a global financial centre by establishing its leading position in the trading of Yuan-denominated financial products, according to a state plan, said authorities of Shanghai financial services on Tuesday.
Brazil's trade with the Arab world soared more than 28% in 2011 to reach 25.13 billion dollars and is expected to grow a further 15%t this year, the Arab Brazilian Chamber of Commerce said on Tuesday.
China banned a giant new class of ship from its ports on Tuesday, a move that checks efforts by mining giant Vale SA to cut the cost of shipping iron ore to its largest market and risks raising trade tensions with Brazil.
Euro zone unemployment has risen to its highest level since before the Euro was introduced, according to data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kick start Europe's floundering economy.
The government has ruled out bringing in a UK law to ensure the Falkland Islands' right to remain British. Tory MP Guy Opperman said legislation would show support for the unambiguous right to self-determination.
European Union ambassador in Buenos Aires Alfonso Diez Torres said that the Falklands/Malvinas issue does not figure in the foreign affairs agenda of the EU, it’s a bilateral issue and he does not see any reason to amend the Lisbon treaty to exclude the disputed South Atlantic Islands as demanded by Argentina.
European leaders agreed on a permanent rescue fund for the Euro zone on Monday and 25 out of 27 EU states backed a German-inspired pact for stricter budget discipline, but they struggled to reconcile fiscal austerity with economic growth.