The economic and financial crisis of the last 18 months has transformed the global map of the world’s wealthiest people, with Europe nudging out North America as the richest region, according to a new report by The Boston Consulting Group.
This summer's melt of Arctic sea ice has not been as profound as in the last two years, scientists said as the ice began its annual autumn recovery. At its smallest extent this summer, on 12 September, the ice covered 5.10 million sq km.
Gibraltar makes an extensive contribution to the economy of neighbouring Campo de Gibraltar while it also benefits significantly from Spanish expenditure on the Rock, according to the main conclusions of an economic study published this week.
Spanish Minister of Environment and Rural and Marine Affairs (MARM), Elena Espinosa reiterated her government’s commitment to ensure the sustainability of marine resources and deemed it “crucial” to forge “rules of the game” that ensure “a sustainable management” in the international arena.
A group of 45 bankers at Britain’s Barclays bypassed potential curbs on pay and bonuses by jumping ship to set up a Cayman Islands company and manage 12.3 billion US dollars of Barclays’ most toxic debt. They will be paid at least 400 million USD over ten years.
The opposition Partido Popular motion tabled before the Foreign Affairs Committee of the Spanish Parliament claiming sovereignty over Gibraltar territorial waters was last night defeated by some 20 votes, reports the Gibraltar Chronicle.
SOUTH Georgia has been marked as the third highest scoring fishery in the world in terms of good management.
Venezuelan President Hugo Chavez announced Wednesday that China will invest 16 billion US dollars to boost oil production in the country particularly along the Orinoco River, as part of a strategy to reduce dependence on the US market.
The Organisation for Economic Co-operation and Development (OECD) says the global recession could cost 25 million people their jobs. This is despite recent signs that economies of its 30 member countries may be starting to recover.
World Trade Organization Director General Pascal Lamy expressed concern Wednesday about the latest move from the US President Obama administration to restrict imports of Chinese-made tires.