International

Thursday, April 7th 2011 - 09:11 UTC
Portugal admits the facts, formally requests a bailout from the EU

Portugal's caretaker government said on Wednesday it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions.
Wednesday, April 6th 2011 - 19:48 UTC
Instituto Cervantes at a new home in Gibraltar with a vast program of activities

Spain’s Instituto Cervantes for the promotion of Spanish language and culture opened this week its doors at Cloister Building in Gibraltar. The local director of the institute, Francisco Oda said that the centre was ready to welcome everyone now that it had moved to its home in Market Lane.
Wednesday, April 6th 2011 - 15:48 UTC
UK increases funds for South Georgia and the British Antarctic Territory

The UK Government has announced it is to increase funds for South Georgia and the other UK Overseas Territories. On March 10th the UK Secretary of State for Foreign and Commonwealth Affairs, William Hague, announced the increase of the Overseas Territories Programme Fund to £7m per year and a special one off payment of £1 million to GSGSSI this year, reports the March edition of South Georgia Newsletter.
Wednesday, April 6th 2011 - 06:13 UTC
Spain’s official unemployment above 20%, with 43% of young Spaniards jobless

Spain’s official unemployment advanced for a third month in March, deepening the divide between peripheral economies struggling to recover from the financial crisis and Germany’s booming labour market. It was the worst record for Spain since 1996.
Wednesday, April 6th 2011 - 05:52 UTC
Radioactive fish lead to first legal limits for radiation in seafood

High levels of radioactive iodine and cesium were detected by Japan’s Fisheries Ministry in fish caught near the Fukushima nuclear power plant this week. Japan has responded to the findings by announcing its first legal limits for radiation in fish and said it is considering a ban on exports of some marine products.
Wednesday, April 6th 2011 - 05:48 UTC
IMF paper with proposals on capital controls triggers heated debate

An IMF staff proposal to endorse capital controls in limited circumstances aroused opposition from Brazil and other nations seeking greater freedom to stem inflows of money from overseas.
Tuesday, April 5th 2011 - 21:23 UTC
China anticipating higher inflation hikes interest rate by 25 basis points

China’s central bank announced Tuesday it would raise the benchmark one-year borrowing and lending interest rates by 25 basis points beginning Wednesday. This is the second time that The People’s Bank of China raises the benchmark interest rate this year and the fourth such increase since the start of last year.
Tuesday, April 5th 2011 - 09:49 UTC
Nazi criminal Eichmann tapes: the mistake was “we didn't do our job properly”

Tapes revealed by Germany’s Der Spiegel shed light on the life of a fugitive Nazi criminal in Argentina after the Second World War (1939/1945). Contrary to his claim during his trial in Israel that he was only following orders, Adolf Eichmann boasted to his friends that he was part of decision making process.
Tuesday, April 5th 2011 - 09:36 UTC
Timerman begins visit to Israel denying any secret dealings with Iran

Argentina’s Foreign Affairs Minister Héctor Timerman began his first official trip to Israel and denied offering to “forget” Iran's role in attacks against Israel's Embassy in BA and AMIA Jewish Community Centre in exchange for improved trade ties with Teheran.
Tuesday, April 5th 2011 - 09:18 UTC
Crude at highest in 30 months pushed by US recovery and political turbulence

Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply.