Germany's budget savings policy risks destroying the European project and a collapse of the Euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview.
Attempts to agree a compromise between whaling nations and their opponents at the International Whaling Commission's (IWC) annual meeting in Morocco have failed. After two days of private discussions, delegates reported they had been unable to reach agreement on major issues.
Banks operating in the UK will be hit with a levy in a move set to raise more than £8bn over four years, the chancellor has announced -The levy is part of a joint move between the UK, France and Germany.
Spanish lawmakers Tuesday gave preliminary approval to labour reforms considered essential for slashing the soaring jobless rate, reviving the fragile economy and sending a strong message to nervous markets.
Spanish has 416 million native speakers, ahead of English but behind Mandarin, according to the latest report from Spain’s Cervantes Institute. Spanish is also the world’s second in international communication and is the third most common in internet.
Campaigners have unveiled a petition signed by more than a million people calling for maintenance of the global moratorium on commercial whaling. It was presented to Australian minister Peter Garrett outside the International Whaling Commission meeting in Morocco.
President Barack Obama has warned against cutting national debts too quickly as it would put economic recovery at risk. In a letter to G20 leaders, the US president said that while it was important to put in place credible plans to cut deficits, withdrawing economic stimulus early was dangerous.
Although the sovereign debt crisis has revealed weaknesses in several European Union countries, the risk of a Euro zone breakup is low over the shorter term, Fitch Ratings said on Monday.
A Royal Navy wren has been jailed for smuggling cocaine into the UK on board a warship which had been on counter-narcotics training and in the first half of 2009 was involved in South Atlantic-Falkland Islands’ deployment, BBC reports.
IMF Managing Director Dominique Strauss-Kahn praised Spain’s management of the current economic situation and said the budget deficit will shrink “rapidly” as the government’s overhaul of labor rules boosts economic growth.