International

• Thursday, October 6th 2011 - 17:41 UTC

  ECB takes the first step of an anticipated major effort to bolster EU banks

  

  The European Central Bank is offering new emergency loans to banks to help steady the Euro zone's financial crisis. The new funding, worth about 40bn Euros would enable banks to draw down one-year loans.

• Thursday, October 6th 2011 - 17:06 UTC

  China, the white knight of success, is facing its own debt bubbles

  

  With its deep pockets and buoyant growth, China has been touted as a white knight for the world economy. But fears are growing that the country may face its own debt crisis as its economy shows signs of a slowdown.

• Thursday, October 6th 2011 - 16:59 UTC

  Bank of England agrees to inject £ 75 billion to shield the British economy

  

  The Bank of England will inject 75 billion pounds to shield Britain's economy from the Euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximise the impact.

• Thursday, October 6th 2011 - 08:48 UTC

  Brazilian president promises to boost investment with Bulgaria, her ancestral homeland

  

  Brazilian President Dilma Rousseff pledged to raise investment in Bulgaria, her ancestral homeland, in renewable energy, aviation and the oil industry.

• Thursday, October 6th 2011 - 05:11 UTC

  Honour to Steve Jobs, one of the great transformers of modern society

  

  Steve Jobs, who transformed the worlds of personal computing, music and mobile phones, died on Wednesday at the age of 56 after a year-long battle with pancreatic cancer.

• Thursday, October 6th 2011 - 01:55 UTC

  “Mercosur won’t destroy European agriculture”, says EU business lobby

  

  The head of Business-Europe International Relations said Wednesday that a free trade agreement between the European Union and Mercosur “would not destroy European agriculture” in spite of fears from farmers.

• Thursday, October 6th 2011 - 01:45 UTC

  FIFA bribery allegations: Grondona apologizes for ‘unacceptable’ insults about England

  

  Julio Grondona, Argentina's FIFA vice-president has apologised for his “unacceptable” insults about England, David Bernstein the chairman of the English Football Association said. The controversy at the time also involved bribery allegations and the Falklands/Malvinas Islands dispute.

• Wednesday, October 5th 2011 - 21:39 UTC

  Operation Fire Wall: IMF will also chip in funds to protect Spain and Italy

  

  The International Monetary Fund could buy Spanish or Italian bonds alongside the Euro zone bailout fund if needed, to help boost investor confidence in those countries, the IMF Europe head Antonio Borges said on Wednesday.

• Wednesday, October 5th 2011 - 16:39 UTC

  “UK will protect the Falklands as long as they want to remain British” says Defence chief Fox

  

  Britain will protect the people of the disputed Falkland Islands for as long as they want to remain British citizens, Defence Secretary Liam Fox said on Wednesday speaking at the annual conference of the ruling Conservative Party.

• Wednesday, October 5th 2011 - 09:23 UTC

  Abbas takes off on diplomatic charm offensive in support of Palestinian state

  

  Palestinian Authority president Mahmud Abbas flew to Europe on Tuesday to kick off a week-long tour which will also take him to Latin America to shore up support for his UN membership bid.