Taxes in Britain must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (NIESR). In a report, the think tank said taxes would have to rise by the equivalent of 6p on the basic income tax rate to get the budget deficit below 3% by 2020.
Twelve member countries of the International Whaling Commission (IWC)—an 88-country organization created in 1946 to monitor the whaling industry—have proposed catch quotas for the next ten years for countries that hunt whales.
A German court said Friday the government had no legal basis to keep under wraps secret files on Adolf Eichmann, the Nazi architect of the Holocaust, potentially paving the way for their release.
British Prime Minister Gordon Brown made on Thursday a plea to voters not to risk change as he sought to salvage Labour's election campaign in the final TV debate before polling day.
The book “Gibraltar y el Foro tripartito de Diálogo” that was recently published by the University of Cádiz, was presented in Gibraltar earlier this week. Gibraltar’s Minister for Culture coordinated the presentation at a press conference in the Mackintosh Hall.
Brazilian President Lula da Silva has been named the most influential leader in the world by Time Magazine, ahead of US President Barack Obama who is ranked fourth. No European leader figures among the top 25.
Australian Fisheries Minister Norman Moore embraced the aquaculture potential of Western Australia with the opening of a cutting edge-design commercial brine shrimp farm at Port Gregory, near Geraldton.
Japan has discovered suspected cases of foot-and-mouth disease in pigs at a farm in Miyazaki prefecture, where the government confirmed the first outbreak since 2000 in cows last week.
International credit rating agency Standard and Poor's downgraded on Wednesday Spain's credit rating from “AA+” to “AA” with a negative outlook. The move comes a day after S&P gave Greek bonds a junk rating and lowered Portugal's credit rating from “A+” to “A-”.
The head of the International Monetary Fund has warned that the crisis in Greece could spread throughout Europe. Dominique Strauss-Kahn said that every day lost in resolving Greece's problems risks spreading the impact “far away”.