Britons saw the value of their wealth dive by 12% during 2008 on the back of steep house price falls and sliding equity markets, research showed yesterday. The collective wealth of all UK households dropped from £6.736 trillion at the end of 2007 to £5.921 trillion at the end of last year, according to Halifax.
Russia has agreed to lend Venezuela over 2 billion US dollars to buy weapons, President Hugo Chavez has said. The credit will be used to purchase nearly 100 tanks and a series of anti-aircraft rocket systems from Russia.
Beijing announced it would launch anti-dumping and anti-subsidy investigations into some United States imported vehicles and chicken products from the United States, the Ministry of Commerce said Monday, escalating a trade disputes which was triggered when the US decided to raise tariffs on Chinese-made tires.
Norman Borlaug, the man known as the father of the Green Revolution in agriculture, died in Texas aged 95. Prof Borlaug won the Nobel Peace Prize in 1970 for agricultural innovation and the development of high-yield crops.
US oil firm Chevron has signed 60 billion US dollars worth of deals to supply natural gas to Japan and South Korea from its Gorgon project in Australia. Chevron Australia said it would supply Osaka Gas with 1.375 million tonnes of natural gas a year over 25 years.
Maritime links between Gibraltar and Algeciras, Spain will be resumed next month after an interruption of 40 years, a spokesman for the Spanish shipping firm Transcoma confirmed to the Gibraltar Chronicle over the weekend.
France cautioned Venezuela that any nuclear technology transfer from Iran would represent a “violation of United Nations Security Council resolutions”.
Two German merchant ships are sailing from Asia to Europe via Russia's Arctic coast, having negotiated the once impassable North East Passage. This route is usually frozen but rising temperatures in the region caused by global warming have melted much of the ice allowing large ships to go through.
Gibraltar celebrated on September 10th its National Day reaffirming its right to determine its future in accordance with the people’s wishes, rights and aspirations.
The European Milk Board, representing milk producer organisations from eight European countries, has announced a far-reaching revolt, including farmer blockades of dairies and the withholding of milk from the market.