Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.
The Government will not flinch from the hard choices on public spending needed to bring Britain's national deficit back down after the country emerges from recession, Chancellor Alistair Darling has pledged.
Archaeologists believe they have solved one ancient mystery surrounding the famous Easter Island statues. At 2,500 miles off the coast of Chile, the island is one of the world's most remote places inhabited by people.
Brazil's plans to buy French fighter jets confirms a trend across Latinamerica that is based in recent history and the proclivity of US lawmakers to put political restrictions on what customers can and cannot do with their purchases.
Continuing worries about the stability of the global economy and the rally seen in equity markets continued to spark investment in gold on Tuesday with the price breaking through the symbolic 1,000 US dollars mark and touching a new high for 2009.
United States not only increased its arms sales by nearly 50% last year but its share of world weapons sales also rose to more than two-thirds despite the global economic downturn, a newspaper reported Monday.
By Fernando Henrique Cardoso (*)
The war on drugs has failed and should make way for a global shift towards de-criminalising cannabis use and promoting harm reduction, says the former president of Brazil, writing in Sundays’ edition of The Observer. Fernando Henrique Cardoso argues that the hard-line approach has brought disastrous consequences for Latin America, which has been the frontline in the war on drug cultivation for decades, while failing to change the continent's position as the largest exporter of cocaine and marijuana.
Policy action to combat the worst economic crisis since the Great Depression is working, but governments should not relax stimulus measures until recovery takes hold and unemployment levels recede, the head of the International Monetary Fund says.
Central bankers have backed new measures to strengthen supervision of the global banking industry. A meeting of the Bank for International Settlements (BIS), which consists of the world's central banks, pledged to increase bank's capital requirements.
The military cooperation agreement to be signed Monday by Brazilian president Lula da Silva and his French counterpart, Nicholas Sarkozy will make Brazil the “leading naval power” in Latinamerica according to the O Estado de Sao Paulo.