Policy action to combat the worst economic crisis since the Great Depression is working, but governments should not relax stimulus measures until recovery takes hold and unemployment levels recede, the head of the International Monetary Fund says.
Central bankers have backed new measures to strengthen supervision of the global banking industry. A meeting of the Bank for International Settlements (BIS), which consists of the world's central banks, pledged to increase bank's capital requirements.
The head of Colombia’s Constitutional court Nilson Pinilla said the country can “trust” the decision of the court, regarding the law that calls for a referendum on the re-election of President Alvaro Uribe for a third consecutive term.
Four years after Argentina froze relations with the International Monetary Fund under the administration of President Nestor Kirchner, the government of his wife Cristina Fernandez de Kirchner is willing to accept an IMF review of the Argentine economy, according to Economy minister Amado Boudou, quoted in the Buenos Aires press.
With only a week left for the beginning of the hearings in the International Court of Justice in The Hague on the pulp mills dispute between Uruguay and Argentina, pickets that have been blocking bridges between the two neighbouring countries promised to keep on the struggle.
The military cooperation agreement to be signed Monday by Brazilian president Lula da Silva and his French counterpart, Nicholas Sarkozy will make Brazil the “leading naval power” in Latinamerica according to the O Estado de Sao Paulo.
Brazil has the necessary knowledge to build an atomic bomb according to an article in Sunday’s edition of Jornal do Brazil. The statement is based on a doctoral thesis presented recently at the Military Institute of Engineering IME.
Iran and Venezuela plan to stand up against imperialist foes by strengthening bilateral cooperation on a range of issues, including nuclear power, Iranian President Mahmoud Ahmadinejad said over the weekend.
World Trade Organization (WTO) has given its long-awaited ruling on the biggest trade dispute in its history. The decision, which is officially confidential, is over whether the European Union gave illegal subsidies to plane-maker Airbus as the US argues.
United Kingdom Chancellor Alistair Darling is set to unveil plans within the next few months to halve the Government's spending deficit over four years, his deputy at the Treasury said.