European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.
An extraordinary reunion, linked to the Falkland Islands conflict of 1982 is scheduled this week in Buenos Aires: a former paratrooper will return to an Argentine soldier the trumpet he seized from his 28 years ago.
Greek government bonds have been downgraded four notches to junk status from A3 to Ba1 by Moody's credit rating agency. The agency said Monday there was still considerable uncertainty surrounding the impact of measures introduced to cut the country's high budget deficit.
The Bank of England may need to hike interest rates soon as inflation has remained far stickier than expected, rate-setter Andrew Sentance warned in The Sunday Times.
After two presidents who irritated Israel and the United States, the UN General Assembly elected a leader unlikely to ruffle Western feathers -- Joseph Deiss, a former president of Switzerland.
French oyster-growers are facing ruin because of a viral epidemic that for a third year in a row has been wiping out millions of baby shellfish. From the Mediterranean coast to the bay of Arcachon on the Atlantic and now Brittany, farmers have been watching in dismay in recent weeks as the virus once again moved northwards, keeping pace with the rising sea temperature.
Russia overtook Saudi Arabia to become the world's leading oil producer in 2009, while global oil consumption fell the most since 1982, BP has said. According to the oil giant's latest Statistical Review of World Energy, Russia increased oil production by 1.5% in 2009, claiming a 12.9% market share.
Britain’s Deputy Primer Minister Liberal-Democrat Nick Clegg said in Spain there will be no change in the stance of the Falkland Islands sovereignty and the Islanders wish to remain British.
Japan is at risk of collapse under its huge debt mountain, the country's new prime minister has said. Naoto Kan, in his first major speech since taking over, said Japan needed a financial restructuring to avert a Greece-style crisis.
FIFA made a profit of 196 million US dollars in 2009 and has equity of over 1 billion thanks mainly to massive and still growing income from the sale of TV rights, soccer's governing body said on Thursday.