International

• Tuesday, July 5th 2011 - 20:02 UTC

  IMF transparency reveals Lagarde’s salary and strict ethics requirements

  

  The IMF revealed its new managing director Christine Lagarde who took office on Tuesday will receive an annual salary of 467,940 US dollars net of income taxes and told her to “observe the highest standards of ethical conduct.”

• Tuesday, July 5th 2011 - 19:28 UTC

  Ireland anticipates rejection of EU/Mercosur trade accord on beef

  

  The Irish government is expecting a report from the European Commission setting out the economic impact on Eire of a potential trade agreement between the EU and Mercosur.

• Tuesday, July 5th 2011 - 19:13 UTC

  When Falklands and the World Cup 1982 nerve-wracked the Foreign Office

  

  According to recently released document the government of Prime Minister Margaret Thatcher wanted Scotland to crash out of the 1982 World Cup in Spain in an attempt to avoid a diplomatic headache over the Falklands conflict.

• Tuesday, July 5th 2011 - 19:00 UTC

  Statue of President Reagan, crucial ally of Mrs Thatcher, unveiled in London

  

  A statue of former US President Ronald Reagan has been unveiled at a ceremony outside the American embassy in central London. The invited guests include former UK Prime Minister Baroness Thatcher - who was a close ally of Reagan when they were both in power in the 1980s.

• Tuesday, July 5th 2011 - 18:50 UTC

  Brazil and UK discuss defence cooperation and Atlantic security in London

  

  Strengthening Brazil-UK defence cooperation agreement and building Atlantic and wider security are among the issues to be addressed by UK and Brazil during the three day visit of Defence minister Dr Nelson Jobim to Britain

• Tuesday, July 5th 2011 - 05:36 UTC

  Spain next candidate to request major aid package, say London bookies

  

  Following the second rescue of Greece, Spain is the next candidate to request a major financial aid package according to William Hill one of the largest bookmakers in the United Kingdom.

• Tuesday, July 5th 2011 - 00:15 UTC

  Brize Norton becomes the new home for the RAF Hercules Force

  

  As of this month RAF Lyneham's Hercules fleet has a new base at RAF Brize Norton which is becoming critically important as an RAF logistics support hub including the air bridge with the Falkland Islands.

• Monday, July 4th 2011 - 19:18 UTC

  EU/Mercosur launch ‘timid’ sixth round of trade negotiations in Brussels

  

  Mercosur/European sixth round of negotiations to reach a wide ranging cooperation and trade agreement took off Monday in Brussels, but rather timidly with no immediate prospects of an exchange of proposals for market access.

• Monday, July 4th 2011 - 18:05 UTC

  Redefining ‘default’ so that private banks can roll over Greek debt

  

  Ratings agency Standard and Poor's warned on Monday that efforts to bailout Greece involving private banks could amount to a debt default even as Brussels sees progress being made in resolving the crisis.

• Monday, July 4th 2011 - 18:00 UTC

  OECD warns the Euro Central Bank about ‘aggressive’ hike of interest rates

  

  The European Central Bank should not hike interest rates aggressively and wait for stronger Euro zone growth before increasing rates after this week's expected move, OECD head Angel Gurria said on Monday.