Chancellor Angela Merkel defended the European Central Bank on Friday after its plan to buy the debt of troubled Euro zone states stirred outrage in Germany and threats from some in her own party to try and block the scheme.
Europe's trade chief threatened to take Russia to the World Trade Organization over a string of restrictive practices, saying Moscow needed to play by the rules now it was a member of the global body.
Britain's Prince Harry has returned to Afghanistan to fly attack helicopters on the frontline just two weeks after he was photographed frolicking naked in Las Vegas. The Ministry of Defence (MoD) said he would serve a four-month tour, based out of Camp Bastion in Helmand Province, one of the most volatile regions in the country.
Global food prices remained steady in August, the United Nations food agency said Thursday, but warned that the game is not over as it was only the beginning of the harvest season.
Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the Euro zone debt crisis, deeming Thursday’s action 'an important step toward strengthening stability and growth.'
Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.
British luxury car company Jaguar Land Rover has announced plans to build two of its models in China. It will be the first full manufacturing plant for the company outside the UK. Although the plans still have to be given final approval by the Chinese government, Jaguar Land Rover has already found a site for the plant, just north of Shanghai.
The Argentine blockade can’t stop the Falkland Islands and “if Argentina believes that these aggressions are going to change the mind and spirit of the Islanders, they are dead wrong, much on the contrary”, said Falklands’ lawmakers currently visiting Guatemala on a tour of Central America and Mexico.
After UK government cabinet reshuffle which confirmed Foreign Secretary William Hague and Secretary of Defence, Philip Hammond, the Falkland Islands and Latin America become the responsibility of Minister of State Hugo Swire MP until now Minister of State for the Northern Ireland Office. The new ministerial teams and their portfolios are as follows.
Argentina's trade surplus rose to 1.64 billion dollars in August, more than double the surplus in the same month a year ago achieving the twelve months target four months ahead, President Cristina Fernandez announced on Thursday.