Saturday, October 31st 2009 - 06:39 UTC

British government sacks chief drugs’ advisor

Professor Nutt said ecstasy and LSD were less harmful than alcohol and cigarettes

The British government's chief drugs adviser has been forced to resign in the wake of the row over the dangers of class A drugs. Home Secretary Alan Johnson asked Professor David Nutt to resign as chairman of the Advisory Council on the Misuse of Drugs (ACMD), saying he had “lost confidence” in his ability to give impartial advice.

Saturday, October 31st 2009 - 06:03 UTC

Methane gas more of a villain on climate change than estimated

Professor Drew Shindell climate scientist at the NASA Goddard Institute for Space Studies

The impacts of methane on climate change have been significantly underestimated, say scientists at Columbia University and NASA's Goddard Space Flight Centre. This effect is now thought to be one third higher than previous estimates.

Saturday, October 31st 2009 - 01:20 UTC

Gibraltar promotes tourism in Madrid with Spanish airline support

Andalus Lineas Aereas, the Rock’s partner to attract Spanish tourists

The Gibraltar Tourist Board held a tourism workshop in Madrid, Spain this week, in conjunction with Ándalus Líneas Aéreas, as part of the Rock’s government’s commitment to an ongoing joint marketing drive with the airline in Spain.

Friday, October 30th 2009 - 21:56 UTC

Ecuador signs arms and energy deals with Russia: “just the beginning”

Rafael Correa signed the agreements at the Kremlin

President Dmitry Medvedev called new arms and energy deals between Russia and Ecuador just a beginning as Moscow strives to deepen ties in Latin America. Medvedev and Ecuadorean President Rafael Correa announced a 22 million US dollars deal for Russia to provide Ecuador with two Mi-17 transport helicopters.

Friday, October 30th 2009 - 00:46 UTC

Shell reports sharp fall in quarterly profit with outlook “very uncertain”

The fall in the price of oil and demand retraction has a big impact on earnings

Anglo-Dutch oil giant Royal Dutch Shell reported Thursday its quarterly profit fell sharply, and warns the outlook remains “very uncertain”. The company said profit for the three months to September fell 73% to 3 billion US dollars from a year earlier. “We are not expecting a quick recovery,” Shell chief executive Peter Voser said.

Friday, October 30th 2009 - 00:39 UTC

Strong calls for banning Atlantic bluefin tuna trade

Most Atlantic bluefin tuna are caught in the Mediterranean Sea, but most of the meat is consumed in Asia

Banning trade in Atlantic bluefin tuna is justified by the extent of their decline, an analysis by scientists advising fisheries regulators suggests. The International Commission for the Conservation of Atlantic Tunas' (ICCAT) advisers said stocks are probably less than 15% of their original size.

Thursday, October 29th 2009 - 10:16 UTC

UK petrol prices at their highest level of the year

How many quid to fill her up?

Petrol prices in the United Kingdom are now at their highest level of the year, according to the AA. Average UK prices at the pumps are now 107.14p a litre - beating the previous 2009 high of 107.03p a litre on September 9.

Thursday, October 29th 2009 - 10:08 UTC

Norway first in Europe to raise interest rates

Increase in oil revenues has helped the Norwegian economy pick up

Norway has become the first European country to raise its interest rates since the beginning of the global financial crisis. The country's central bank raised the cost of borrowing to 1.5% from 1.25% in a widely-expected move.

Thursday, October 29th 2009 - 06:58 UTC

British MPs nervous about plans to “clean up” Parliament expenses excesses

Sir Christopher Kelly “does not live in the real world”, said Tory MP Roger Gale

The man brought in by British Primer Minister Gordon Brown to clean up Parliament does not live in the real world, an MP has said. Sir Christopher Kelly, chairman of the Committee on Standards in Public Life, does not know the hours MPs work or what kind of job they do, said Conservative MP Roger Gale.

Thursday, October 29th 2009 - 06:54 UTC

EC approves UK’s Northern Rock split into a “good” bank and a “bad” bank

One of the UK top five mortgage lenders, when Northern Rock went down it triggered the first bank run in decades

The European Commission has approved the Government's plans for splitting United Kingdom’s Northern Rock in two: a “good” bank and a “bad” bank. The “good” bank will continue Northern Rock's economic activities, while the “bad” bank will become in effect an asset management company running down the remaining toxic assets.


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