International

• Monday, October 4th 2010 - 01:19 UTC

  Spain on the steps of the Argentine crisis of 2001, warns Stiglitz

  

  Spain could face a crisis similar to that of Argentina back in 2001 because of its incapacity to create jobs and reduce the fiscal deficit, which makes it an easy prey for international speculators.

• Monday, October 4th 2010 - 01:05 UTC

  Spain to cooperate with Gibraltar on maritime law enforcement, ‘without affecting sovereignty’

  

  Spain's Foreign Minister Miguel Ángel Moratinos recognised the need for cooperation with Gibraltar on maritime law enforcement in this area.

• Monday, October 4th 2010 - 00:58 UTC

  Most Irish believe the worst is yet to come; 50 billion Euros to clean bank mess

  

  Most Irish people think the worst is yet to come for their economy and only a minority thinks a change of government could improve the situation, a poll showed.

• Monday, October 4th 2010 - 00:49 UTC

  Germany celebrates 20 years of reunification and calls for new “solidarity”

  

  Germany has been celebrating the 20th anniversary of its reunification. Chancellor Angela Merkel led the official celebrations Sunday, hosted by the northern city of Bremen and attended by tens of thousands of people.

• Friday, October 1st 2010 - 18:20 UTC

  Chinese oil group Sinopec buys 40% of Repsol-YPF Brazil operations

  

  China’s Sinopec group, the country’s second-largest oil and gas producer, will invest 7.1 billion US dollars in Repsol-YPF’s Brazilian unit as the Spanish oil company raises funds to develop offshore projects.

• Friday, October 1st 2010 - 18:18 UTC

  Chevron given green light for exploratory drilling off Shetland Islands

  

  Oil firm Chevron has received government consent to drill an exploration well to evaluate a controversial prospect off Shetland. The deep-water Lagavulin prospect is 160 miles north of the islands.

• Friday, October 1st 2010 - 05:13 UTC

  Labour market recession ‘worsening’; recovery delayed until 2015

  

  A new report by the research arm of the International Labour Organization (ILO) says a long “labour market recession” is worsening the social outlook in many countries.

• Friday, October 1st 2010 - 02:00 UTC

  “Emergency protocol” to avoid Guardia Civil and Gibraltar police future clashes

  

  The British Government will discuss with Spain ways of ensuring coordination and avoiding volatile confrontations between law enforcement agencies at sea following the hostile stand-off this week in which Guardia Civil officers physically prevented Gibraltar policemen from arresting a suspected smuggler.

• Thursday, September 30th 2010 - 02:32 UTC

  IMF calls for tighter supervision of credit rating agencies

  

  Credit rating agencies need tighter supervision because their activities have a strong impact on funding costs for debt issuers and can affect financial stability, the International Monetary Fund said.

• Thursday, September 30th 2010 - 02:24 UTC

  Beef to become ‘the salmon of fifty years ago’ and the ‘caviar of the future’

  

  The Food and Agriculture Organization, FAO, forecasts that beef will become an extremely luxury good world wide by 2050 because of soaring production costs.