Germany's Bundestag lower house of parliament approved on Wednesday a motion to strengthen the Euro zone rescue fund via leveraging, providing Chancellor Angela Merkel with the mandate she needs to negotiate at a key Euro summit in Brussels.
Economic pressures are tempting G20 governments to resort to protectionism in a misguided bid to shield their domestic markets from problems that are unrelated to trade, the World Trade Organization said in a biannual report Wednesday.
Western countries supported Muammar Gaddafi when it suited them but bombed the Libyan leader when he no longer served their purpose in order to “plunder” the north African country's oil wealth, Iranian President Mahmoud Ahmadinejad said on Tuesday.
Italy's cabinet failed on Tuesday to agree on pension reforms as the country seeks to re-launch its economy and tackle its debt. Meanwhile, financial markets nervously await the outcome of Wednesday's second Euro zone summit.
Germany's political opposition has succeeded in ensuring plans to enhance Europe's bailout fund be brought to a vote in parliament on Wednesday. The decision came after the Bundestag's plenary session rejected the opposition's demands for an open debate just Friday.
A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.
China's Premier Wen Jiabao said the country must control food and property inflation to ensure social stability. The remarks came after the premier visited fresh food markets in south western China over the weekend.
Increases in mergers and acquisitions of AIM (*) oil and gas firms are expected after big falls in their value, claims accountants Ernst & Young.
The British government congratulated Argentine President Cristina Fernandez on her re-election and historic victory in Sunday’s polls but it also insisted that the sovereignty of the Falklands is “not negotiable”.
Spanish jiggers operating in the South Atlantic with Falkland Islands licences complain they are been harassed by the Argentine Navy just a few miles away from the port of Montevideo where they call for discharging, maintenance and bunkering.