The European Union trade commissioner warned that China needs to close the trade gap if it wants to prevent a backlash in Europe. Peter Mandelson said that China has become the EU largest trading partner and this status must make Beijing assume real responsibilities.
Resources giant BHP Billiton said Wednesday it still hoped rival Rio Tinto would warm to its uninvited takeover bid, despite opposition from customers who fear it will lead to a stranglehold on prices.
Guyana has offered to preserve its entire rain forest with control going to a British-led international group in return for economic aid.
Chilean scientists and environmentalists said Wednesday they hope to determine within the next few days the extent of environmental damage resulting from recent the sinking of the cruise ship S/M Explorer.
Opposition leaders in Bolivia have promised a fresh wave of protests and civil disobedience against a new draft constitution. Their call follows a strike on Wednesday that closed banks, schools and public transport in six of Bolivia's richest provinces.
United Kingdom house prices fell at their fastest rate for more than 12 years during November, according to Nationwide Building Society. The average cost of a home in the UK dropped by 0.8% during the month, almost wiping out October's unexpected jump of 1.1%.
Brazilian businessmen requested Congress on Thursday to freeze plans for Venezuela's incorporation to Mercosur following President Hugo Chavez threats to nationalize those private companies contrary to the constitutional reform of his making which Venezuelans will be voting Sunday in a referendum.
British Airways will operate one daily flight to Gibraltar using a 737 300 which is likely to feature up to 30 club seats and 89 economy. And, as the EasyJet takeover of GB Airways remains to be completed, flights on the current GB Airways schedule are still being sold into the spring in addition to the BA flights. But it is not clear that these will be sustained.
United States Trade Representative Susan C. Schwab announced Thursday that China has agreed to terminate subsidies that the US alleged were illegal under World Trade Organization (WTO) rules.
Days before a major international conference on climate change Brazil again insisted in its opposition to imposing targets on developing countries' carbon emissions arguing the main responsibility falls on developed nations.