International

• Wednesday, September 12th 2012 - 14:44 UTC

  Whistleblower in tax-fraud case against UBS receives 104 million dollars rewards from US

  

  The whistleblower in a breakthrough tax fraud case against Swiss bank UBS AG has won a record-setting 104 million dollars reward from the US Internal Revenue Service, a handsome payout that could entice more informants to come forward.

• Wednesday, September 12th 2012 - 14:39 UTC

  German high court says yes to Euro bail-out plan but on tough conditions

  

  Germany's Constitutional Court gave a green light for the country to ratify the Euro zone's new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund.

• Wednesday, September 12th 2012 - 02:01 UTC

  Wind could meet world power demand by 2013, say Stanford researchers

  

  By Andrew Myers (*) Adapting a sophisticated climate model, researchers show that there is plenty of wind available to supply half to several times the world's total energy needs within the next two decades.

• Wednesday, September 12th 2012 - 01:58 UTC

  Plans to preserve the legacy of the Royal Navy’s Invincible class aircraft carriers

  

  Plans to preserve the legacy of the Royal Navy's Invincible Class aircraft carriers have been outlined. HMS Invincible, HMS Illustrious and HMS Ark Royal came into service in the early 1980s and have spent the last thirty years protecting the UK's interests across the world.

• Wednesday, September 12th 2012 - 01:54 UTC

  EU bites the hand that feeds it: Russia’s Gazprom will bite back

  

  Gazprom has Europe's natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant's offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU natural gas supplies.

• Wednesday, September 12th 2012 - 01:41 UTC

  Euro-Rescue-Day: German constitutional court rules on support for the EU currency

  

  Germany's Constitutional Court rejected on Tuesday an attempt to further delay a ruling on the European Stability Mechanism (ESM) and fiscal compact, which had previously been pushed back by months while the judges reviewed whether the German parliament is permitted under the constitution to ratify the treaties.

• Wednesday, September 12th 2012 - 01:23 UTC

  Spanish bankruptcy spurs separatism: Catalonia the main tax contributor takes to the streets

  

  Hundreds of thousands of Catalans took to the streets of Barcelona in an unprecedented show of mass support for autonomy from Madrid, blaming Spain's economic crisis for dragging their wealthy region down.

• Tuesday, September 11th 2012 - 06:21 UTC

  Gibraltar flag flies over the Foreign Office

  

  The Gibraltar flag can be seen flying over the Foreign Office in Whitehall, London on the part of the building overlooking Whitehall and Downing Street to celebrate Gibraltar Day, September 10.

• Tuesday, September 11th 2012 - 06:01 UTC

  Poor news in China and US could mean additional stimuli could be in the pipeline

  

  The Brazilian stock exchange Bovespa index rose for a third session as Brazilian raw-material producers rallied after weaker economic data from China to the US fueled strong hopes policy makers will take further steps to boost growth.

• Tuesday, September 11th 2012 - 05:24 UTC

  Fears of sharp slowdown of the Chinese economy as imports keep sliding

  

  China's exports grew less than forecast and imports fell in August, adding to fears about a sharp slowdown in its economy. Exports rose by 2.7% from a year earlier as global demand continued to remain subdued. Imports fell 2.6% from a year ago, indicating a decline in home grown consumption.