Campaigners have unveiled a petition signed by more than a million people calling for maintenance of the global moratorium on commercial whaling. It was presented to Australian minister Peter Garrett outside the International Whaling Commission meeting in Morocco.
President Barack Obama has warned against cutting national debts too quickly as it would put economic recovery at risk. In a letter to G20 leaders, the US president said that while it was important to put in place credible plans to cut deficits, withdrawing economic stimulus early was dangerous.
Although the sovereign debt crisis has revealed weaknesses in several European Union countries, the risk of a Euro zone breakup is low over the shorter term, Fitch Ratings said on Monday.
A Royal Navy wren has been jailed for smuggling cocaine into the UK on board a warship which had been on counter-narcotics training and in the first half of 2009 was involved in South Atlantic-Falkland Islands’ deployment, BBC reports.
IMF Managing Director Dominique Strauss-Kahn praised Spain’s management of the current economic situation and said the budget deficit will shrink “rapidly” as the government’s overhaul of labor rules boosts economic growth.
World Bank has reiterated its view that the Chinese government should allow the Yuan to strengthen against other international currencies. The bank also forecasted the Chinese economy would grow 9.5% in 2010 and 8.5% in 2011.
EU president Herman Van Rompuy blamed the past strength of the European single currency for making the Euro zone unaware of its fiscal problems, in an interview with the Financial Times.
Spanish president Jose Luis Rodriguez Zapatero recommended British PM David Cameron to implement all economic reforms “swiftly, with no delay” and the widest ranging possible.
One of China's most influential newspapers, the official People's Daily, has called for workers' incomes to be raised. The paper says wages need to rise to protect stability and transform society.
Spanish banking giant Banco Santander SA (STD) had one of the best results from the stress tests conducted by the Committee of European Banking Supervisors, a spokesman for Spanish Prime Minister Jose Luis Rodriguez Zapatero said Thursday.