International

• Tuesday, October 18th 2011 - 02:43 UTC

  Falling profits and Flight 447 tragedy trigger major reshuffle in Air France-KLM

  

  Air France-KLM Group recalled Jean- Cyril Spinetta, 68, as chief executive officer and ousted Pierre-Henri Gourgeon amid slumping earnings and questions regarding the role of pilots in a fatal crash.

• Monday, October 17th 2011 - 19:12 UTC

  What crisis? Luxury sector forecasted to expand 10% this year; Great China leads

  

  The luxury sector is set to post double-digit growth this year to 191 billion Euros driven by the appetite of the Great China consumers for top-quality goods, according to a study by Bain & Company released on Monday

• Monday, October 17th 2011 - 18:09 UTC

  International Oil and Gas expo in Buenos Aires with 300 exhibitors

  

  Argentina's 8th International Oil & Gas Expo, sponsored by the Argentine Institute of Petroleum and Gas is taking place this week in Buenos Aires.

• Monday, October 17th 2011 - 17:46 UTC

  Europe’ watchdog raps EU banks for lack of transparency and disclosure

  

  Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said on Monday.

• Monday, October 17th 2011 - 17:28 UTC

  Germany warns Greek bondholders will have to accept steeper ‘hair-cut’

  

  Germany lowered expectations of a breakthrough in the Euro zone's sovereign debt crisis next weekend, saying Sunday's EU summit will not produce a final solution, and kept up pressure on banks to accept bigger write-downs on Greek debt.

• Monday, October 17th 2011 - 06:45 UTC

  ECB president Trichet calls for deep changes in the EU treaty

  

  European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the Euro zone.

• Monday, October 17th 2011 - 06:39 UTC

  Red Cross world report says there are more obese people than chronically hungry

  

  The Red Cross has come out with a report which reveals that ironically today there are more obese people in the world compared to those who suffer from chronic hunger. The organization reports that last year there were 1.5 billion obese people compared to 925 million undernourished people.

• Monday, October 17th 2011 - 06:34 UTC

  Every day a billion people go to sleep feeling hungry, recalls UN on Food Day

  

  With nearly one billion people still suffering from food shortages around the globe, the world must take a united stand against hunger, the United Nations said on Sunday 16 October, marking World Food Day.

• Saturday, October 15th 2011 - 18:49 UTC

  Massive global marches against the “financial elites and servant politicians”

  

  Protests at financial mismanagement and government cutbacks have been held in hundreds of cities around the world. Clashes erupted at the biggest rally, in Rome, when riot police intervened after a small group of masked militants attacked property.

• Saturday, October 15th 2011 - 18:42 UTC

  US Treasury freezes the Chinese Yuan manipulation claim controversy

  

  The US Treasury has delayed a ruling on whether China manipulates its currency to gain an unfair trade advantage until later this year. It said the move “will give us a chance to assess progress following several international meetings”. Critics of China say it keeps the Yuan low to keep its exports cheap.