British Ministry of Defence revealed that contracts worth about £1.25bn have been awarded for building two aircraft carriers even though the project may not go ahead, figures have revealed. The figures came in answer to a parliamentary question by a Labour MP.
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, a leading global economic group has said. The Organisation for Economic Co-operation and Development (OECD) said the slowdown had been more pronounced than anticipated.
As rising food and fuel prices create incentives for large-scale land acquisitions around the world, it is more important than ever for governments and the international community to protect local land rights, according to a new World Bank study released this week.
Spain's lawmakers gave their final approval to a package of government-proposed labour market reforms aimed at cutting down the country's high unemployment rate and reviving the economy.
The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 18th consecutive month. The Monetary Policy Committee's (MPC) decision had been expected, but calls have been growing for an increase in rates to curb inflation.
Ten years ago, a copy of painter and naturalist John James Audubon’s Birds of America was sold by Christie’s for £5.7m (8.8 million USD). On 7 December this year, another copy of the book will be auctioned by Sotheby’s, along with other rare and valuable books, letters and manuscripts.
A killer shrimp has been found for the first time in the UK at an Anglian Water reservoir in Cambridgeshire, England. Two anglers spotted the shrimp, which can be as small as three mm, at Grafham Water near St Neots on Friday September 3 and sent samples to the Environment Agency for identification.
The United Kingdom financial watchdog slapped a 27 million US dollars fine on Goldman Sachs for inadequate disclosure of a US probe into the Wall Street powerhouse.
Chief Minister Peter Caruana has highlighted the importance of Gibraltar’s National Day, September 10, as a celebration of identity and culture.
Following closely on the steps of China but with lesser exposure India is increasing trade, investment and business links with Latin America, the latest of which a Bussiness seminar in Lima, Peru.