Britain's political system reacted with outrage to the arrest of shadow Immigration minister Damian Green and the search of his home by the police. Liberal Democrats have called the arrest a mayday warning for democracy amid cross-party anger over the move.
Spain has launched an 11 billion Euro plan aimed at boosting the economy and creating 300,000 jobs. The plan, which represents 1.1% of Spain's GDP is part of the European Union's 200 billion Euro stimulus announced on Wednesday.
The next summit of the Group of 20 countries on the global economic crisis will be held in London on April 2 next year, British Prime Minister Gordon Brown announced on Wednesday. It will also be Barack Obama first visit to London as the new US president.
The slowdown of China's economy is gathering force as the global financial crisis spreads, anticipating rising unemployment and social unrest, admitted the country's top planner. The non written understanding of Chinese communist party supremacy in exchange for sustained growth has begun to sputter.
Slumping oil prices are beginning to bite into the government budgets of many OPEC members generating different opinions regarding supply and price policies, according to the latest report from an oil energy investment dealer based in Calgary, Canada's oil capital.
The Paris Club of creditor nations disclosed this week for the first time ever how much it is owed world wide, --330 billion US dollars--, with Cuba, Argentina and Peru top of the list in Latinamerica.
A three-year extension to the United Kingdom de-mining program, which will continue vital work to reduce the number of casualties caused by land mines and cluster munitions across the globe, was announced by International Development Secretary Douglas Alexander
Russia has re-opened its market for meat products from an Argentine and a Paraguayan company and banned such imports from five Australian companies, the veterinary watchdog Rosselkhoznadzor said in a statement.
Greenland voters overwhelmingly support a plan to give their country more autonomy from Denmark, official results of a non-binding referendum showed Wednesday.
OECD countries have reaffirmed their commitments on aid to developing countries and undertaken to abstain from trade protectionism, as part of a concerted drive to shore up the world economy and combat recession.