International

• Monday, November 29th 2010 - 05:02 UTC

  Europe confirms 85 billion Euros for Ireland; unveils Stability Mechanism

  

  European ministers reached Sunday an agreement over a bail-out for the Irish Republic worth about 85 billion Euros. The deal will see 35bn euros go towards propping up the Irish banking system with the remaining 50bn euros to help the government's day-to-day spending.

• Saturday, November 27th 2010 - 13:22 UTC

  Japan approves another stimulus package to combat deflation and strong Yen

  

  Japan's parliament has passed a stimulus package worth about 61billion US dollars, designed to kick-start the country's fragile economic recovery. The government had already introduced several stimulus packages.

• Friday, November 26th 2010 - 23:59 UTC

  Russia orders 3 million tons of Argentine animal-feed corn; first delivery January

  

  Russia is interested in purchasing 3 million tons of Argentine animal feed corn to supply its domestic market following the catastrophic drought and fires suffered by the country during summer months in the northern hemisphere.

• Friday, November 26th 2010 - 17:25 UTC

  Repsol-YPF ready to sell another 15% of its Argentine branch

  

  Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.

• Friday, November 26th 2010 - 09:46 UTC

  Mexican distillery markets world’s most expensive tequila bottle: 3.5 million USD

  

  A Mexican distillery from the state of Jalisco revealed Thursday what is believed to be the most expensive bottle of tequila in the world, estimated in 3.5 million US dollars.

• Thursday, November 25th 2010 - 21:24 UTC

  Germany out of the woods and heading for full employment, says minister

  

  Germany’s Economy minister Rainer Bruederle has given an upbeat assessment of his country's recovery, including the assertion that “full employment will soon be possible”. He said that Germans were “doing well and spending again”, and that domestic consumption was strong.

• Thursday, November 25th 2010 - 20:42 UTC

  EasyJet announced Liverpool/Gibraltar three times weekly service

  

  EasyJet, one of UK's largest airlines and which also claims to give best value, launched Thursday a brand new route to Gibraltar from Liverpool John Lennon Airport.

• Thursday, November 25th 2010 - 04:25 UTC

  Large sovereign bond trader adheres to Germany’s “hair-cut” proposal

  

  One of the world's largest private buyers of government bonds says the private sector should bear some of the cost of financial rescues such as for the Irish Republic. The comments came from Mohamed El-Erian, chief executive of Pimco, which holds investments worth 1.3 trillion US dollars (equivalent to 80% of Brazil's GDP).

• Thursday, November 25th 2010 - 04:19 UTC

  UK main supermarkets agree to origin labels for meats and dairy products

  

  UK's main supermarkets have signed up to a new voluntary code of conduct on food labelling to provide consumers with clearer information on the origin of their food. The new principles apply to meat and processed meat products as well as dairy products.

• Wednesday, November 24th 2010 - 20:03 UTC

  Irish government slashes benefits and raises taxes: VAT 24%

  

  The Irish government has unveiled a range of tough austerity measures designed to help solve the country's debt crisis. Among the spending cuts and tax rises are a reduction in the minimum wage, a new property tax and thousands of public sector job cuts.