United Kingdom's Home Secretary Jacqui Smith has defended the decision to call in the police to investigate leaks from the Home Office. In a Commons statement, Mrs Smith again insisted she had no prior knowledge that Tory frontbencher Damian Green was about to be arrested in connection with the inquiry.
European Central Bank President Jean Claude Trichet said on Thursday cutting interest rates too low or too fast could leave policy makers with few options to respond to a deepening recession.
French President Nicolas Sarkozy unveiled Thursday a stimulus plan worth more than 30 billion USD to fight the economic and financial downturn. The French plan is the latest of a series of proposals by various European governments to earmark massive amounts of money to help reinvigorate their moribund economies.
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) today launched a campaign to raise awareness of the humanitarian implications of climate change, calling for improved disaster preparedness and response measures in countries that suffer most from extreme weather events.
The British Government announced that Michael Foot, currently Chairman of the UK office of Promontory Financial Group, will lead the independent review of British offshore financial centres, mostly in Overseas Territories, anticipated at Pre-Budget Report 2008.
Britain's House of Commons Speaker Michael Martin said he regrets that police were allowed to search Conservative MP Damian Green's office without a warrant.
A parliamentary aide had allowed a raid - part of a government leaks inquiry - by signing a consent form, he added.
The German auto industry's leading trade group said Wednesday it expects 2009 car sales to be the worst since the reunification of the country in 1990 as the global financial crisis takes its toll on consumers and economic growth.
Representatives of more than 100 countries gathered in Oslo, Norway Wednesday to sign a treaty banning cluster bombs. Norway, which has led efforts to ban cluster bombs, was the first to sign the Convention on Cluster Munitions, which bans the use, production, and sale of the weapons.
British Primer Minister Gordon Brown has moved to stem growing repossessions with a £1 billion package to allow struggling homeowners to defer mortgage payments for up to two years.
India on Monday made it clear that the deadly terror strikes in Mumbai were carried out by Pakistan-based militants and asked Islamabad to take strong action against the elements responsible for this outrage - a sign that ties between the two countries are headed for a rocky patch.