Automotive history was made at the Bonhams Goodwood Festival of Speed Sale on Friday when the car that took five-time champion Juan Manuel Fangio to the second of his Formula 1 world titles achieved a record-breaking figure of £19,601,500 (US$29,650,095, €22,701,864).
Top banks are putting their submissions to the UK Treasury to run a potential £20bn sale of the nationalised part of Lloyds Bank. Banks have until Monday to make their pitch to handle the sell-off of the government's 39% holding in Lloyds, with the sale of RBS, which is 81% owned by the taxpayer, to come later.
Argentine ambassador to the United Kingdom Alicia Castro renewed Argentina’s sovereignty claims over the Falkland Islands and put the Edward Snowden spy row on London’s table: “We are free nations that neither need nor want to be spied on,” Castro warned.
China accepts that Taiwan signs economic cooperation agreements with other countries as long as they are not political and those countries do not interfere with the ‘one China policy’ which considers the island a province part of the nation, and not two nations as defended by Taipei.
At 2.3 billion, the number of people worldwide covered by at least one life-saving measure to limit tobacco use has more than doubled in the last five years, according to the WHO Report on the Global Tobacco Epidemic 2013. The number of people covered by bans on tobacco advertising, promotion and sponsorship, the focus of this year’s report, increased by almost 400 million people residing mainly in low- and middle-income countries.
By Markus Jaeger (*) - What could China possibly learn from Brazil, economically? After all, real GDP growth in Brazil averaged 2.75% annually over the past three decades, compared to 10% in China. Moreover, Brazil’s consumption-oriented growth model is about to exhaust itself, while China’s investment-focussed strategy continues to generate high, if somewhat diminished economic growth.
The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.
China has warned of a grim outlook for trade as the world's second-largest economy surprised financial markets by reporting a fall in exports and imports when both had been expected to rise. The June data showed that exports fell 3.1% from a year earlier and imports dropped 0.7%, according to customs officials.
Falklands Islands received €4.13 million from the European Union to support sustainable growth through economic diversification under the European Development Fund (EDF) through mid-2013 to early 2016.
Spain's foreign minister Tuesday offered apologies to Bolivia's Evo Morales for any misunderstanding linked to last week's diversion of the Latin American leader's aircraft, but insisted that Madrid never barred the plane from its airspace. Jose Manuel Garcia-Margallo addressed the issue at a breakfast with reporters in Madrid.