International
InternationalFinancial meltdown could increase jobless by 20 million
The global financial crisis could increase world unemployment by an estimated 20 million women and men, the Director-General of the International Labour Office (ILO) said on Monday.
Recession and job cuts hit China's toy industry province
The global economic slowdown is starting to impact on China, the world's biggest industrial production centre. As many as half of all toy manufacturers in the Pearl River Delta could go out of business within the next two years an industry expert said on Monday following the closure of the Smart Union toy factory.
Gibraltar opens new “shop window and face” in London
Chief Minister Peter Caruana proudly showed off Gibraltar's new plush modern London offices which will be known as “Gibraltar House”.
Copper falls below 2 USD benchmark; lowest in three years
Copper tumbled below 2 US dollars a pound for the first time since December 2005, having dropped 34% so far this year. Speculation that the world economy is headed for a recession, including slower growth in China, anticipates a weaker demand for metals.
New UK Minister for Europe reiterates support for Gibraltar
Caroline Flint, the new Minister for Europe at the Foreign Office, has reiterated the United Kingdom commitment not to enter into talks with Spain on Gibraltar's sovereignty, or any process of talks, against the wishes of the people of Gibraltar. The remarks came at the Gibraltar Day in London reception.
WTO reports leap in anti-dumping investigations
The number of investigations into the practice of dumping, or exporting a product at an unfairly low price, surged in the first half of this year, the World Trade Organization (WTO) reported this week.
UK public sector debt back to 1997 level: almost half of GDP
The takeover of Northern Rock has helped push the United Kingdom's public sector debt to almost half of gross domestic product (GDP) in the last year, just off highs seen over a decade ago when Labour came to power.
Crisis will get Obama elected forecasts Lula da Silva
Brazilian President Lula da Silva believes the ongoing financial crisis will lead to the election of Democrat Barack Obama as US president.
Dutch government with 13.4 billion USD stake in ING bank
The government of the Netherlands has said it will invest 13.4 billion US dollars in banking and insurance company ING Groep NV to boost its capital position.
Italy discovers containers of Chinese milk with melamine
Italy has discovered two containers of milk and one of yogurt containing melamine, the industrial chemical that contaminated milk powder in China and hospitalised thousands of babies, the Health Ministry announced Sunday.
