International

• Friday, September 3rd 2010 - 05:03 UTC

  Sweet busting: eleven indicted for biggest food smuggling case in US history.

  

  US authorities have indicted 11 German and Chinese executives for conspiring to illegally import 40 million US dollars of honey from China. The executives were accused of being part of an operation which mislabelled honey and tainted it with antibiotics in an attempt to avoid import duties.

• Friday, September 3rd 2010 - 03:30 UTC

  Wheat climbs as Russia extends ban on exports until next year’s crop

  

  Wheat climbed after Russia, the third-largest grower last year, extended a ban on exports into next year following a drought destroyed crops, tightening global supplies. The United Nations’ Food and Agriculture Organization called a special meeting to address the global grains situation.

• Thursday, September 2nd 2010 - 21:41 UTC

  Anti-corruption academy with UN and EU sponsoring opens in Austria

  

  An anti-corruption academy co-sponsored by the United Nations opened Thursday in Austria with the aim of filling the rising global need for training, research and contemporary measures and techniques in the fight against corruption.

• Thursday, September 2nd 2010 - 07:06 UTC

  Australia confirms it’s a world wine power and agrees labelling with the EU

  

  A new labelling deal with Australia may make Europe's winemakers feel more than a little light-headed as imitations will no longer be sold with names like champagne and sherry.

• Wednesday, September 1st 2010 - 19:34 UTC

  Chinese sovereign fund takes control of 10% of Morgan Stanley’s

  

  The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.

• Wednesday, September 1st 2010 - 19:08 UTC

  Wheat prices drive FAO food prize index at its highest since September 2008

  

  Surging wheat prices drove international food prices up 5% last month in the biggest month-on-month increase since November 2009, FAO announced. The FAO Food Price Index (FPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation.

• Wednesday, September 1st 2010 - 06:13 UTC

  World’s oldest drinkable champagne recovered from the Baltic Sea

  

  Divers have salvaged 70 bottles of what may be the world's oldest drinkable champagne from a shipwreck in the Baltic Sea off Finland's Aland archipelago, Swedish media reports said.

• Wednesday, September 1st 2010 - 05:40 UTC

  Unemployment in Euro zone 10% and 9.6% in EU; worst case Spain with 20.3%

  

  As many as 23 million men and women in the EU were unemployed in July, according to data released by Eurostat on Tuesday. Of these, 15.833 million are from the Eurozone countries.

• Wednesday, September 1st 2010 - 00:36 UTC

  London denies UK and France could share aircraft carriers

  

  The UK Ministry of Defence has confirmed that Defence Secretary Liam Fox is to meet his French counterpart to discuss further defence co-operation. But a senior MoD source has told the BBC there are no plans for the two countries to share aircraft carriers.

• Tuesday, August 31st 2010 - 03:44 UTC

  UK press reports Britain and France could share aircraft carrier capability

  

  Britain and France could share their aircraft carrier capability in a dramatic co-operation pact designed to maintain military power while cutting costs, it has been reported, reports the UK Press Association.