International

Tuesday, May 31st 2011 - 08:18 UTC
Germany plans to shut all nuclear reactors by 2022 and double renewable energy to 35%

Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan.
Tuesday, May 31st 2011 - 07:43 UTC
China: Yuan at record high against US dollar; Power shortage and higher prices

China's Yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated. The People's Bank of China (PBOC) fixed the Yuan's mid-point at 6.4856 against the US dollar on Monday.
Tuesday, May 31st 2011 - 07:39 UTC
Blatter denies FIFA crisis, admits ‘great image damage’ by corruption allegations

Sepp Blatter has insisted that Fifa is not in crisis, despite the “great damage” done to its image by ongoing corruption allegations. “Football is not in a crisis, only some difficulties,” said the Fifa president.
Tuesday, May 31st 2011 - 07:28 UTC
France reports 77 bodies have been recovered from the ocean bed

A total of 127 bodies have been recovered since the start of the search for the Air France Airbus A330 plane that crashed in the Atlantic in June 2009, a Brazilian association of the victims' families said on Tuesday.
Tuesday, May 31st 2011 - 07:22 UTC
WHO celebrates NO Tobacco Day and recalls 2003 milestone convention

On World No Tobacco Day (31 May), the World Health Organization (WHO) celebrates the successes of the WHO Framework Convention on Tobacco Control (WHO FCTC) in the fight against the epidemic of tobacco use. At the same time, WHO recognizes that challenges remain for the public health treaty to reach its full potential as the world's most powerful tobacco control tool.
Tuesday, May 31st 2011 - 03:02 UTC
Major setback for Mexican telecommunications tycoon and richest man in the world

Telefonos de Mexico SAB, the country’s largest phone carrier plunged the most in the stock market since December 2008 after the government rejected its application to start offering video services.
Monday, May 30th 2011 - 00:41 UTC
“Fish pedicure” in the UK fuels health and animal welfare concerns

One of the fastest-growing beauty treatments in Britain, fish pedicures – during which tiny toothless carp smooth down feet by eating dead skin – has come under new scrutiny from health experts and animal rights campaigners, reports the Sunday UK media.
Saturday, May 28th 2011 - 07:48 UTC
Weak sterling more significant than VAT for UK inbound tourists, says WTM Vision

Overseas visitors to the UK will not be deterred by high VAT, providing sterling remains weak against key inbound currencies, reveals a report released this week at the World Travel Market (WTM) Vision Conference-London.
Saturday, May 28th 2011 - 07:32 UTC
IMF-head hopefuls visit next week Brazil as part of their global campaign for support

The two leading candidates for the position of IMF Managing director will be visiting Brazil next week. French Finance Minister Christine Lagarde plans to travel to Brasilia on Monday to seek support for her candidacy, the French embassy said Friday.
Saturday, May 28th 2011 - 07:24 UTC
Even if US tightens liquidity, hot money to emerging economies will continue

Capital flows to emerging markets won’t significantly slow when the US Federal Reserve ends its bond-purchasing program known as quantitative easing, said Olivier Blanchard, chief economist at the IMF.