International

• Sunday, January 8th 2012 - 05:23 UTC

  IMF says Euro will survive 2012; global growth forecast lowered

  

  The Euro is likely to survive 2012 despite the debt crisis in the Euro currency zone, according to International Monetary Fund Managing Director Christine Lagarde.

• Sunday, January 8th 2012 - 05:18 UTC

  Obama calls on US companies to ‘in-source’ jobs; unemployment falls to 8.5%

  

  President Barack Obama kicked off an effort to encourage US businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme aimed at courting middle-class voters.

• Sunday, January 8th 2012 - 05:16 UTC

  PM Cameron says shareholders should vote on bosses’ pay; end to “crony capitalism”

  

  Bosses' pay should have to be approved by votes among shareholders as part of efforts to restrain rising inequality Prime Minister David Cameron was quoted as saying in an interview with the Sunday Telegraph.

• Sunday, January 8th 2012 - 05:14 UTC

  Spain opens tax evasion “hunting season” and targets 8 billion Euros

  

  Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.

• Sunday, January 8th 2012 - 05:10 UTC

  Shrinking sea ice cover in north Canada threatening seal population, says report

  Shrinking sea ice cover in the North Atlantic over the past three decades due to warming has led to a “dramatic” spike in deaths among seal pups, a new US study says, offering a glimpse into a population issue while numbers are still abundant.

• Friday, January 6th 2012 - 07:12 UTC

  “Ninja” patrol vessel joins the annual Antarctic dispute with Japanese whalers

  

  The Sea Shepherd flagship ‘Steve Irwin’ was shadowed by a Japanese security vessel as it escorted the badly damaged Brigitte Bardot to Fremantle for repairs, the anti-whaling group says.

• Friday, January 6th 2012 - 07:10 UTC

  Ford launches Brazil designed EcoSport to be marketed in 100 countries

  

  The Brazilian subsidiary of automaker Ford has unveiled a new version of its EcoSport SUV and says it will be sold in close to 100 countries. The car was introduced Wednesday in the Brazilian capital and at the Auto Expo show in New Delhi.

• Friday, January 6th 2012 - 07:03 UTC

  Ten million dollars expected for auction of rare edition of “The Birds of America”

  

  A rare first edition of John James Audubon's sumptuously illustrated “The Birds of America,” depicting more than 400 life-size North American species in four monumental volumes, is going on the auction block for an estimated 7 million to 10 million dollars.

• Friday, January 6th 2012 - 07:01 UTC

  Spanish banks must set aside 50bn Euros to cover ‘toxic’ real estate assets

  

  Spain's Conservative government ruled out a bad bank to deal with toxic property assets, wary of adding more debt to a nation fighting to control its deficit and putting the onus on lenders to make their own provisions.

• Friday, January 6th 2012 - 06:50 UTC

  Message to Iran: UK ready to use military force to keep Strait of Hormuz open

  

  Britain on Thursday signalled its readiness to use military force if necessary to keep the Strait of Hormuz open, warning Iran not to miscalculate over the West's determination to prevent disruption to the key shipping route.