UK growers of a particular type of rhubarb have hailed the decision to award it special status as fantastic news for British food. Yorkshire Forced Rhubarb, which is only grown in the 'Rhubarb Triangle' between Bradford, Wakefield and Leeds, joins products likes champagne and Parma Ham in having its name legally protected.
A Costa Cruises ship crashed into a pier early Friday as it was docking at the Red Sea port of Sharm el-Sheik, Egypt, killing three crew members and injuring several passengers. The accident occurred amid stormy windy weather across Egypt.
The United Kingdom economy grew at a greater rate than previously thought in the final three months of 2009, official figures have shown. The Office for National Statistics revised its figure for fourth quarter GDP to show 0.3% growth - up from its previous estimate of 0.1%.
Jaguar Land Rover turned in a profit of £55 million in the last three months of 2009 after a loss of £60 million in the previous quarter. The company's owner, India's Tata Motors, said the bounce back was thanks to stronger market conditions.
It added that its range of new models had helped its performance.
Greek Deputy Prime Minister Theodoros Pangalos has accused Germany of failing to compensate Greece for Nazi occupation during World War II. Mr Pangalos made the remarks during a wide-ranging BBC interview about Greece's financial difficulties.
Japan did not surpass China to become the world’s largest foreign holder of US Treasury securities in December, reported the US Treasury Department on Friday following a revision to figures released earlier this month.
The head of the International Monetary Fund said it would be “intellectually healthy to explore” the possible creation of an international reserve currency that would serve as an alternative to the US dollar-.
China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar.
The free trade agreement between Peru and China becomes fully effective as of next Monday March first, according to the publication on Thursday of the official decree in Peru’s gazette. China has become Peru’s main trade partner behind the US.
The role of Wall Street firms in deals that may have helped Greece mask its debt woes are under scrutiny in the US, the Federal Reserve chief has said. Ben Bernanke said the Fed and the US financial watchdog were looking into a number of questions related to banks' derivatives arrangements with Greece