France and Germany agreed Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the Euro zone from a deepening sovereign debt crisis.
The decision to build an airport tin St Helena and confirmation of UK’s commitment to defend its Overseas Territories were among the main conclusions of the latest Consultative Council (OTCC) which concluded this week in London.
Chile's economy grew a seasonally adjusted 0.6% in the third quarter from the second quarter of 2011, slowing from a downwardly revised 1.3% in the previous quarter.
The World Trade Organization slashed its forecast for the world’s export growth to just 5.8% for the year, down from 6.5%. WTO Director-General Pascal Lamy, in his annual report said that world trade has slowed “considerably” in recent months.
The European Union High Representative for Foreign Affairs Catherine Ashton described relations with Latinamerica as ‘strategic’ and called for an intensification of political dialogue with the region of which the EU is the main foreign investor.
Germany and France again on Wednesday over whether the European Central Bank should take bolder steps to stem the Euro zone debt crisis, with Chancellor Angela Merkel issuing one of her starkest warnings yet against fiddling with the central bank's strict inflation-fighting mandate.
Global markets fell Wednesday after more evidence emerged that the global economy is faltering fast and that the Euro zone is heading for a recession as the debt crisis spreads to the bigger economies like Italy and Spain.
The latest report on landmines has both good and bad news. It says governments have provided a record level of funding to remove the weapons. But at the same time the use of antipersonnel mines has increased.
The president of Spain’s banking group Santander Emilio Botin described Brazil as “a very interesting market for Spain” following a meeting with Brazilian president Dilma Rousseff.
Australian scientists have discovered two huge sunken islands in the Indian Ocean west of Perth. The islands, about the size of Tasmania, were once part of the super-continent Gondwana and are more than 1.5km underwater.