International

Wednesday, September 14th 2011 - 06:43 UTC
BRICS countries preparing aid package in support of the European Union

Brazil, Russia, India, China and South Africa, which make up the so-called BRICS group, will meet in Washington next week to discuss how to help the European Union avert a full-blown financial crisis as Greece veers toward default on its debt, Brazilian Finance Minister Guido Mantega said Tuesday.
Wednesday, September 14th 2011 - 06:33 UTC
US non partisan agency forecasts slower growth and 9% unemployment in 2012

US economy will grow slower than anticipated and joblessness will stay high as the fallout of the deepest recession since the Great Depression takes its toll, the Congressional Budget Office said on Tuesday.
Wednesday, September 14th 2011 - 06:19 UTC
UK reiterates support of Gibraltar sovereignty and will protest naval incident

Any discussions that UK has on Gibraltar with Spain “reflect our clear position on sovereignty, which is that the UK will never enter into arrangements under which the people of Gibraltar would pass under the sovereignty of another state against their wishes” Europe Minister David Lidington has said.
Wednesday, September 14th 2011 - 03:11 UTC
Developed countries fail to cut unemployment; Euro zone rate stands at 10%

Developed countries are failing to cut unemployment, according to figures released this week by the Organization for Economic Cooperation and Development (OECD). July’s figures show unemployment at 8.2% for the 34-country group – unchanged for five consecutive months.The Euro zone is faring even worse, with unemployment sticking at 10%.
Tuesday, September 13th 2011 - 07:23 UTC
Germany debates “taboos” and possible “orderly insolvency” for Euro zone crisis

German Chancellor Angela Merkel said on Tuesday there were generally no taboos in politics but that the Euro zone crisis would not have a mechanism for ‘orderly insolvency’ of one of its members until its permanent rescue mechanism comes into power in 2013.
Tuesday, September 13th 2011 - 05:16 UTC
BPU Meat Uruguay responds to UK Hereford beef labelling controversy

On September 10th MercoPress reproduced a piece from Meat Trade News Daily (UK farmers claim Uruguay’s ‘Hereford’ meat labelling is ‘misleading’) in which the UK National Farmers Union, NFU called on Asda supermarkets to change its labelling policy after it emerged that its meat marked ‘Hereford Prime Beef Sirloin Steak’ is sourced 6,800 miles away in Uruguay.
Monday, September 12th 2011 - 23:08 UTC
China imports hit record monthly high in August on strong domestic demand

China’s imports hit a record monthly high in August, indicating a strong domestic demand despite concerns of a global economic slowdown. Imports surged by 30.2% from a year earlier to 155.6 billion dollars, government data released over the weekend showed.
Monday, September 12th 2011 - 22:35 UTC
Miss Colombia panties and Miss Australia see-through dress on the limelight

Miss Universe 2011 will be aired Monday night but there has been plenty of sparking controversy. Catalina Robayo, Miss Colombia has been snapped one too many times without her panties.
Monday, September 12th 2011 - 20:56 UTC
OPEC forecasts slower global oil demand and production

OPEC cut its forecast Monday for global oil demand and production, citing the slowing economic recovery. In its monthly report, the Organization of Petroleum Exporting Countries said it expected demand growth to drop to 1.1 million barrels per day -- 150,000 barrels per day fewer than its earlier forecasts.
Monday, September 12th 2011 - 20:09 UTC
Central bankers admit growth slowdown but no sign of world recession

Economic growth is slowing but there is no sign of a worldwide recession, according to global central bankers who said they had no plans for concerted action.