International

• Monday, December 12th 2011 - 04:33 UTC

  EU deal ‘is part of the solution, but not the solution’ says IMF chief economist

  

  The agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the Euro zone's debt crisis, International Monetary Fund (IMF) chief economist Olivier Blanchard said.

• Monday, December 12th 2011 - 00:06 UTC

  China admits ‘severe challenges’ to exports because of EU and US slowdown

  

  China faces “severe challenges” to its exports due to economic difficulties in key Western markets, the country's commerce ministry has warned. Data has shown a sharp slowdown in export growth in November, the ministry said.

• Sunday, December 11th 2011 - 23:45 UTC

  China’s rate of inflation slides in November to its lowest in 14-months

  

  China's rate of inflation has fallen in November to its slowest pace in 14-months. Consumer prices rose at 4.2% compared with the same month last year, the National Bureau of Statistics said this week.

• Sunday, December 11th 2011 - 20:00 UTC

  Battle Day in London – A New Chairman for the Association

  

  Falklands Battle Day was commemorated in Britain this year on Saturday December 10th at the Cenotaph, in fine sunny weather.

• Saturday, December 10th 2011 - 05:54 UTC

  Moody’s downgrades the debt of the three main French banks

  

  Ratings agency Moody's downgraded the debt of BNP Paribas, Societe Generale, and Credit Agricole on Friday, citing deteriorating liquidity and funding conditions.

• Saturday, December 10th 2011 - 05:51 UTC

  “I think I did the right thing for Britain”, says PM Cameron

  

  British PM David Cameron has defended his decision to block an EU-wide treaty change to tackle the Euro zone crisis, despite warnings it will leave the UK isolated.

• Saturday, December 10th 2011 - 00:43 UTC

  Gibraltar votes for change; after almost 16 years opposition takes over

  

  In a very close result the Gibraltar Socialist Labour Party (GSLP) Liberal Alliance were elected on Thursday into government with Fabian Picardo topping the poll.

• Friday, December 9th 2011 - 07:02 UTC

  European Central bank cuts rate to record low 1% to fight recession and deflation

  

  The European Central Bank cut interest rates by a quarter of a point Thursday to counter the twin threats of recession and deflation in the Euro zone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.

• Friday, December 9th 2011 - 06:58 UTC

  European banks must increase capitalization to 114.7bn Euros by next June

  

  Europe's banks must increase their capital by 114.7 billion Euros, more than predicted two months ago, to make them strong enough to withstand the Euro zone debt crisis and restore investor confidence, Europe's banking watchdog said.

• Friday, December 9th 2011 - 06:35 UTC

  UK “feeling uneasy” with Argentine diplomatic campaign to recover the Malvinas

  

  Argentine Defence minister Arturo Puricelli rejected the announced UK plan to create a huge marine protection zone in South Georgia saying the British are feeling “uneasy” because of the Argentine diplomatic work displayed to claim the South Atlantic Islands.