International

• Friday, September 16th 2011 - 06:56 UTC

  Police in London arrest suspect linked with 2bn dollars rogue trades at UBS

  

  Police in London have arrested a 31-year-old man in connection with allegations of unauthorised trading which has cost Swiss banking group UBS an estimated 2bn dollar (£1.3bn).

• Friday, September 16th 2011 - 06:51 UTC

  Merkel’s NEIN to Euro-bonds: “collectivizing debts” doesn’t solve the problem

  

  German Chancellor Angela Merkel bluntly rejected Euro zone bonds as a solution to the currency area's sovereign debt crisis, saying that “collectivizing debts” would not solve the problem.

• Friday, September 16th 2011 - 06:42 UTC

  Norwegian coastal cruise catches fire: 2 dead and dozens injured

  

  Two people have died in a fire that broke out in the engine room of a Norwegian fjord cruise ship, forcing hundreds to evacuate and injuring up to a dozen. The ferry had 262 people on board, of which roughly 200 were passengers.

• Friday, September 16th 2011 - 06:36 UTC

  Questions about Miss Universe registry papers and complaints from Miss France

  

  It has been a news-headlines plagued Miss Universe pageant, both before and after, that finally crowned beauty queen Leila Lopes, Angola’s first in Sao Paulo.

• Friday, September 16th 2011 - 06:26 UTC

  “Rich, handsome and a great player”, but you urgently need a PR person

  

  Opposing fans give Real Madrid forward Cristiano Ronaldo a hostile reception because he is “rich, handsome and a great player,” the Portuguese said after Wednesday's 1-0 Champions League win at Dinamo Zagreb.

• Thursday, September 15th 2011 - 19:02 UTC

  IMF calls for joint political leadership to break vicious circle of weak growth

  

  The head of the International Monetary Fund today urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.

• Thursday, September 15th 2011 - 18:52 UTC

  Lagarde to Mantega: BRIC offer should not be limited to EU safe bonds

  

  The International Monetary Fund hopes investments in European bonds by the fast-growing BRIC (Brazil, Russia, India and China) economies are not limited to less risky government bonds such as German or British bonds, IMF managing director Christine Lagarde said in an Italian daily on Wednesday.

• Thursday, September 15th 2011 - 18:39 UTC

  Major Central banks come to the rescue of Euro commercial banks

  

  Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up because of Europe's sovereign debt crisis.

• Thursday, September 15th 2011 - 07:13 UTC

  “Time for muddling through is over” Zoellick tells the US, EU and Japan

  

  The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.

• Thursday, September 15th 2011 - 07:11 UTC

  Italy approves austerity plan; IMF says now “measures must be implemented”

  

  The Italian parliament gave final approval on Wednesday to a much-altered austerity plan aimed at stemming a debt crisis engulfing the euro zone's third largest economy.