Russian ex-KGB agent turned businessman Alexander Lebedev announced Wednesday the purchase of the London Evening Standard newspaper for the sum of £1.
The International Monetary Fund will sharply cut growth forecasts this month and the world will not return to strong growth for two or three years, IMF Managing-Director Dominique Strauss-Kahn said on Wednesday.
The troubled US insurer AIG will not be renewing its shirt sponsorship deal with Manchester United that expires in May 2010.
Unemployment in Britain has increased by 131,000 to 1.92 million between September and November, the country's office for national statistics (ONS) has said. Public finances also deteriorated sharply in December, putting them on track for their worst year since records began after the Second World War, the ONS said.
The UK government's latest plan to counter the economic downturn by encouraging lending has been criticised, and sent banks' shares tumbling. Opposition MPs argued that the government's measures were inadequate and too many details remained unknown.
The economy, education and health care are the main issues that Hispanics feel must be attended to by the new US president, but they place immigration in sixth place, according to a study from The Pew Hispanic Centre.
Venezuelan president Hugo Chavez has announced the transfer of over 12 billion US dollars from surplus Central Bank international reserves to help finance government projects and keep the economy growing.
Mercosur weakest member, landlocked Paraguay will be appealing for funds from multilateral organizations to balance this year's budget, announced Finance minister Dionisio Borda.
Uruguayan meat export revenue in the first half of January totalled 17 million US dollars, down 33% from the same period a year ago, according to the latest report from the country's Meat Board, INAC.
The bloodbath in the British banking sector continued apace on Tuesday as Lloyds Banking Group joined Royal Bank of Scotland in suffering further devastating share losses.