The UK economy faces a choppy recovery over the next two years, the governor of the Bank of England, Mervyn King, has warned. His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.
Russian President Dmitri Medvedev says a full one-quarter of Russia's grain crops have been destroyed by weeks of drought and wildfires, leaving many Russian farmers close to bankruptcy.
Sun, sea and sangria come top of the list for European pensioners seeking to relocate for retirement, a new survey showed this week. The survey by employee management consulting firm Aon Corporation found that one in four Europeans wishing to retire abroad would like to move to Spain, followed by France, Italy and the United States.
Spain's Public Works Ministry (Ministero de Fomento) has refused La Linea permission to divert traffic toward a toll gate, in a move that could scupper controversial plans to tax drivers heading to Gibraltar, reports the local press.
Sterling holders interest in hitherto hot overseas property destinations has decidedly cooled due to the recession, a report out this week showed. Searches for property in the United Arab Emirates, which includes Dubai, have dipped 80% in the last two years, the report from foreign exchange company Moneycorp and the Rightmove property company found.
Chinese industrial growth slowed again in July, adding to data suggesting that the country's economy is cooling. Factory output was up 13.4% from July 2009, but this was the fifth consecutive month the annual pace had slowed and the lowest rate of 2010.
A set of church bells that survived a Santiago fire and spent almost 150 year in Wales will return to Chile to mark the country's bicentennial celebrations, Minister for Latin America Jeremy Browne made the announcement Tuesday.
Air Seychelles which currently covers the Falkland Islands/United Kingdom air bridge is in the process of meeting the European Union’s emissions’ monitoring and reporting requirements, reports Global Travel Industry News.
China's import growth slowed in July, which economists are seeing as a sign that the country's rapid economic expansion is cooling. Imports climbed by 22.7% compared with a year ago to 116.8 billon US dollars, which is well below the 53% expansion seen in June.
Japan's central bank has kept its benchmark interest rate unchanged as it tries to nurture the country's slow recovery from recession while also attempting to tackle deflation. Rates have been held at 0.1% since the end of 2008.