Euro-zone finance ministers urged China to bear more responsibility for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe.
Economic growth will slow in most European economies in 2008, with a number of countries vulnerable to tightening credit because of rapid rises in housing costs or high levels of private debt, the International Monetary Fund has reported.
Global banks are likely to loose up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report. Major banks will have to continue to write off stricken multibillion investments in mortgage backed securities.
Biofuels have the potential to cause both good and harm and governments must therefore be careful to balance the costs and benefits of developing them as energy sources, Secretary-General Ban Ki-moon has said in Brazil as he continues an official trip focused on climate change.
Regular New Zealand-Uruguay bilateral foreign policy talks and doubling the number of working holiday visas granted each year between the two countries have been announced by Prime Minister Helen Clark and Uruguay President Dr Tabare Vazquez today.
U.N. Secretary General Ban Ki-moon and Brazilian President Luiz Inacio Lula da Silva met on Monday to discuss Brazil's leading role in tackling climate change.
Uruguayan Foreign Minister Reynaldo Gargano yesterday ratified the country's decision to set up a border guard watch over the bridge joining the Argentine city of Gualeguaychú and the Uruguayan town of Fray Bentos.
Britain's Veterans Minister Derek Twigg MP joined 250 veterans of the South Atlantic conflict of 25 years ago in the Remembrance Day service held in Stanley Cathedral in the Falkland Islands on Sunday 11 November.
A night spent on a cold and rainy mountain this week has 'laid ghosts to rest' say former British Servicemen who have been haunted by the deaths of their friends and colleagues in the battle for the Falkland Islands twenty five years ago.
Brazilian President Luiz Inacio Lula de Silva said the discovery of reserves that may total as much as 8 billion barrels of oil and natural gas may lead the country to join the Organization of Petroleum Exporting Countries