International

• Wednesday, November 10th 2010 - 14:29 UTC

  RN flagship HMS Ark Royal sets sail for a farewell tour

  

  The Royal Navy flagship HMS Ark Royal, which was axed as part of the defence review, set sail yesterday for a farewell tour. The aircraft carrier is to be retired three years early as part of cost-cutting measures announced by the British Government last month.

• Wednesday, November 10th 2010 - 05:36 UTC

  EU fines eleven airlines 800 millon Euros for a global cargo cartel

  

  Europe's competition watchdog hit 11 airlines with nearly 800 million Euros in fines Tuesday for running a global cargo cartel that included Air France-KLM, British Airways and Japan Airlines.

• Wednesday, November 10th 2010 - 05:33 UTC

  Contrary to expectations China’s October trade surplus soars to 27.2 billion

  

  As world leaders prepare to debate international trade imbalances this week, China announced Wednesday that its trade surplus surged last month to a staggering 27.2 billion US dollars, a 61% increase over the 16.9 billion surplus in September.

• Wednesday, November 10th 2010 - 05:28 UTC

  China resists becoming the locomotive for the world economy, says IMF

  

  China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.

• Wednesday, November 10th 2010 - 04:47 UTC

  “Newly valuable” Falklands open to attack by axing Ark Royal and the Harriers

  

  A group of former Royal Navy admirals have called for the decision to scrap the aircraft carrier Ark Royal and the fleet of Harrier jets to be reversed. The cuts were announced as part of the government's Strategic Defence Review.

• Wednesday, November 10th 2010 - 02:38 UTC

  Falklands should not interfere with UK’s Latin America renewed approach

  

  The Falkland Islands dispute must not get in the way of Britain boosting its relations with Latin America, Foreign Secretary William Hague said Tuesday. London has neglected its ties with the region for too long and Britain must re-launch its relations with Latin America as its importance on the global stage grows, Hague said.

• Wednesday, November 10th 2010 - 01:15 UTC

  China and US exchange accusations ahead of the G20 summit in Korea

  

  China kept up criticism of US easy-money policies, warning two days before a G20 world economic summit that Washington could destabilize the global economy and inflate asset bubbles.

• Tuesday, November 9th 2010 - 18:36 UTC

  Uruguay’s leading banker calls for prudence, austerity and less triumphalism

  

  In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.

• Tuesday, November 9th 2010 - 18:04 UTC

  Tourism industry expected to expand 2% in 2010 based on strong rebound in Asia

  

  The World Travel & Tourism Council's (WTTC) revised upwards its previous forecasts for the industry reflecting the economic recovery and the faster-than-expected rebound in international travel, particularly in Asian markets.

• Tuesday, November 9th 2010 - 17:43 UTC

  Beluga whale concept for a new luxury super-yacht with a 200 million price tag

  

  A beluga whale is the inspiration behind a new concept for a massive luxury yacht and would cost in the range of 200 million US dollars.