British Prime Minister Gordon Brown unveiled Friday a reshuffled cabinet and vowed to fight on with his resilient team to rescue the economy and clean up politics. He admitted Labour had suffered a painful defeat in Thursday's polls but added: I will not waver. I will not walk away. I will get on with the job. And he unveiled Glenys Kinnock as Europe minister in a surprise move.
The mystery surrounding the crash of an Air France plane off the coast of Brazil deepened after Brazilian officials said items they had pulled from the sea were not in fact debris from the downed Airbus.
In a move which was widely expected, the European Central Bank (ECB) elected to keep interest rates for the euro zone on hold at 1% and announced that the planned purchase of 60 billion Euros in company bonds will commence in July.
The Bank of England Monetary Policy Committee voted Thursday to maintain the official rate unchanged at 0.5% for the third month in a row, but no fresh measures to stimulate the economy were announced.
British Prime Minister Gordon Brown has been put under further pressure to step down as Work and Pensions Secretary James Purnell dramatically announced he was quitting the Cabinet as polls closed in crunch elections.
Search crews flying over the Atlantic have found debris from the crashed Air France jet spread over more than 90km of ocean. Brazilian Defence Minister Nelson Jobim said the existence of large fuel stains in the water could rule out an explosion.
Warning of a possible six to eight year employment and social protection crisis due to the economic downturn, International Labour Organization (ILO) Director- General Juan Somavia called Wednesday on delegates to the 98th International Labour Conference to adopt a “Global Jobs Pact.”
Britain’s Gordon Brown's authority as Prime Minister has been dealt a severe blow as Communities Secretary Hazel Blears quit the Cabinet on the eve of Thursday crucial European and local elections.
Inflation in the world's leading economies slowed in April and in the previous 12 months as energy prices plunged. Consumer prices in the 30 states of the OECD rose by 0.6% in the 12 months to April, compared with 0.9% in the year to March.
Sixteen international organisations asked that the protection and optimisation of marine ecosystems, fisheries and aquaculture be included in the discussions leading up to the sequel to the Kyoto Protocol.