International

• Monday, January 9th 2012 - 06:54 UTC

  UK and France Europe set to clash again, this time over the “Tobin tax”

  

  UK's Prime Minister David Cameron said for the first time he would veto a European-wide financial transaction tax unless it was imposed globally, deepening a confrontation with European Union heavyweights France and Germany.

• Monday, January 9th 2012 - 06:52 UTC

  China increases money supply and relaxes credit to ‘fine tune’ the economy

  

  China's lending and money supply grew at a faster pace than expected as the country relaxed its credit restrictions. New loans worth 640.5bn Yuan (101bn dollars) were issued in December, up from 562.2bn Yuan in November.

• Monday, January 9th 2012 - 06:51 UTC

  Iran’s Ahmadinejad begins Latam tour in Venezuela: meeting with Chavez

  

  Venezuelan President Hugo Chavez will welcome his Iranian counterpart Mahmoud Ahmadinejad on Monday on his first stop of a five-nation tour of Latin America, state media reported.

• Sunday, January 8th 2012 - 05:27 UTC

  Jamaica loves the Queen but “it’s time to move on” and become a republic

  

  Jamaica's new Prime Minister, Portia Simpson Miller, has said she intends to make the island a republic, removing Queen Elizabeth as the head of state. In her inaugural address, Ms Simpson Miller said the time had come for Jamaica to break with the British monarchy and have its own president.

• Sunday, January 8th 2012 - 05:25 UTC

  India targets 50bn dollars trade with Latam by 2014; Latam assessing ‘China euphoria’

  

  Latin America trade with India could go up to 50 billion dollars by 2014 on the back of projected high economic growth in both the regions, said R. Viswanathan, India's ambassador to Argentina, Uruguay and Paraguay.

• Sunday, January 8th 2012 - 05:23 UTC

  IMF says Euro will survive 2012; global growth forecast lowered

  

  The Euro is likely to survive 2012 despite the debt crisis in the Euro currency zone, according to International Monetary Fund Managing Director Christine Lagarde.

• Sunday, January 8th 2012 - 05:18 UTC

  Obama calls on US companies to ‘in-source’ jobs; unemployment falls to 8.5%

  

  President Barack Obama kicked off an effort to encourage US businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme aimed at courting middle-class voters.

• Sunday, January 8th 2012 - 05:16 UTC

  PM Cameron says shareholders should vote on bosses’ pay; end to “crony capitalism”

  

  Bosses' pay should have to be approved by votes among shareholders as part of efforts to restrain rising inequality Prime Minister David Cameron was quoted as saying in an interview with the Sunday Telegraph.

• Sunday, January 8th 2012 - 05:14 UTC

  Spain opens tax evasion “hunting season” and targets 8 billion Euros

  

  Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.

• Sunday, January 8th 2012 - 05:10 UTC

  Shrinking sea ice cover in north Canada threatening seal population, says report

  Shrinking sea ice cover in the North Atlantic over the past three decades due to warming has led to a “dramatic” spike in deaths among seal pups, a new US study says, offering a glimpse into a population issue while numbers are still abundant.