International

• Wednesday, November 10th 2010 - 05:28 UTC

  China resists becoming the locomotive for the world economy, says IMF

  

  China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.

• Wednesday, November 10th 2010 - 04:47 UTC

  “Newly valuable” Falklands open to attack by axing Ark Royal and the Harriers

  

  A group of former Royal Navy admirals have called for the decision to scrap the aircraft carrier Ark Royal and the fleet of Harrier jets to be reversed. The cuts were announced as part of the government's Strategic Defence Review.

• Wednesday, November 10th 2010 - 02:38 UTC

  Falklands should not interfere with UK’s Latin America renewed approach

  

  The Falkland Islands dispute must not get in the way of Britain boosting its relations with Latin America, Foreign Secretary William Hague said Tuesday. London has neglected its ties with the region for too long and Britain must re-launch its relations with Latin America as its importance on the global stage grows, Hague said.

• Wednesday, November 10th 2010 - 01:15 UTC

  China and US exchange accusations ahead of the G20 summit in Korea

  

  China kept up criticism of US easy-money policies, warning two days before a G20 world economic summit that Washington could destabilize the global economy and inflate asset bubbles.

• Tuesday, November 9th 2010 - 18:36 UTC

  Uruguay’s leading banker calls for prudence, austerity and less triumphalism

  

  In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.

• Tuesday, November 9th 2010 - 18:04 UTC

  Tourism industry expected to expand 2% in 2010 based on strong rebound in Asia

  

  The World Travel & Tourism Council's (WTTC) revised upwards its previous forecasts for the industry reflecting the economic recovery and the faster-than-expected rebound in international travel, particularly in Asian markets.

• Tuesday, November 9th 2010 - 17:43 UTC

  Beluga whale concept for a new luxury super-yacht with a 200 million price tag

  

  A beluga whale is the inspiration behind a new concept for a massive luxury yacht and would cost in the range of 200 million US dollars.

• Tuesday, November 9th 2010 - 12:43 UTC

  Gold soars to new record; up 7% in the last week, 29% in 2010

  

  The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.

• Tuesday, November 9th 2010 - 04:17 UTC

  Diverging growth rates in rich countries according to OECD report

  

  Growth rates in the world's developed economies are set to diverge, the OECD said, with the recovery losing steam in France, Brazil, Canada, China, Italy and Britain, but picking up pace in Germany, Japan and the United States.

• Tuesday, November 9th 2010 - 02:23 UTC

  EU-Mercosur trade talks: Scottish farmers present five main objections

  

  Scottish farmers have openly expressed their opposition to the ongoing trade talks between the European Union and Mercosur demanding guarantees on human health, animal health and food safety before any additional access for imported products from the South American block is agreed.