Billionaire George Soros believes that the current crisis of the Euro zone has the ‘potential to be a lot worse than the Lehman Brothers’ in the US due to the lack of consensus in the European Union to create an authority with enough power to handle this problem.
Gibraltar and La Linea are meant to “share a common socio-economic future” Chief Minister Peter Caruana declared Tuesday in the neighbouring Spanish town hall after his first official meeting with the new Socialist (PSOE) mayor Gemma Araujo.
Germany's top court handed its country's parliament a greater say over Euro zone bailouts, potentially hampering Berlin's ability to act decisively against a debt crisis which Chancellor Angela Merkel said needed a fundamental rethink to solve.
The veteran HMS Edinburgh has completed the first half of her six-month Falkland Islands deployment in the South Atlantic and is now in South Africa for maintenance and the ship’s company for some rest and recovery.
Iran has eclipsed Russia to become the biggest buyer of beef from Brazil, the world’s top exporter of the meat, strengthening the countries’ controversial ties.
The Americans have been voted the world's coolest nationality in an international poll, the Brazilians the coolest in Latin America and the Spanish in Europe, according to social networking site Badoo.com.
US and European shares have both fallen as concerns continue about the high level of Euro zone debt, as well as the risk of a return to recession on both sides of the Atlantic.
Spain’s conservative opposition People’s Party (PP) has extended its lead over the ruling Socialists and is on course to win a parliamentary majority in the November 20 elections, according to an opinion poll on Sunday.
Cambridge has retained its premier status in the QS World University Rankings, beating Harvard for a second year, as UK and US institutions again took the top 10 spots. Latin America figured badly with only six ranked in the 300 universities reviewed, the best in position 169.
Two of South America’s most iconic cities will soon have a faster link to Bangkok when Emirates commences its daily non-stop service to Rio de Janeiro and extension to Buenos Aires from 3rd January 2012.