International

• Saturday, November 14th 2009 - 05:49 UTC

  Labour by-election victory gives PM Brown breathing space

  

  British Prime Minister Gordon Brown has survived his latest by-election test as Labour comfortably cruised to victory in the Glasgow North East by-election. The party's Willie Bain won the seat made vacant by the resignation of former Commons Speaker Michael Martin with a majority of 8,111 over the SNP.

• Saturday, November 14th 2009 - 05:47 UTC

  Euro zone “technically” emerges from recession in third quarter

  

  The 16-strong group of nations in the Euro-zone has “technically” emerged from recession, official figures show. European countries using the single currency grew their collective economy 0.4% in the third quarter.

• Friday, November 13th 2009 - 15:22 UTC

  British Airways/Iberia merger will create Europe’s third largest airline

  

  British Airways and Spanish airline Iberia say they have reached a preliminary agreement for a merger expected to be completed in late 2010. The merger, which must be approved by the European Commission, would create Europe's third biggest airline.
  Under its terms, Iberia would take a 45% stake and BA, which last week reported a six-month pre-tax loss of £292m, a 55% stake in the company.

• Friday, November 13th 2009 - 15:16 UTC

  Lula da Silva, next to Shimon Peres, justifies Iran’s leader visit to Brazil

  

  Brazil's President justified the scheduled visit of Iran's president in two weeks time and offered to mediate in the Middle East conflict between Israel and Palestine. Lula da Silva rejected criticism over the upcoming visit of Mahmoud Ahmadinejad, slated for November 23, standing next to visiting Israeli president Shimon Peres.

• Friday, November 13th 2009 - 15:06 UTC

  Greenland loosing mass faster than anticipated

  

  The Greenland ice sheet is losing mass faster than first thought, contributing to an increasing rate of sea level rise, according to a Bristol University scientist.

• Friday, November 13th 2009 - 08:04 UTC

  US and Japan record low interest rates funding global “carry trades”

  

  The International Monetary Fund said that record low US interest rates are funding global “carry trades” and the dollar is still overvalued as concerns mount that new financial imbalances are forming.

• Friday, November 13th 2009 - 01:08 UTC

  Gibraltar Chief Minister upbeat about economic prospects for 2010

  

  Gibraltar is not just having a relatively good level of economic activity during global recession and financial crisis, but is further positioning itself well to move into a significant new growth phase when the global economy and markets recover.

• Friday, November 13th 2009 - 00:17 UTC

  Gibraltar at UK & Ireland hall of the World Travel Market

  

  Gibraltar is participating this week at the World Travel Market (WTM) at the ExCel exhibition centre in London. For the first time Gibraltar’s stand will be located in the United Kingdom & Ireland hall of the event.

• Thursday, November 12th 2009 - 13:27 UTC

  Record for gold on renewed economic recovery optimism

  

  The gold rally resumed once more on Wednesday as prices rose more than 15 US dollars an ounce, spurred on by the US dollar’s seemingly endless decline, which continued as renewed optimism over the economic recovery led to dollar selling.

• Thursday, November 12th 2009 - 10:52 UTC

  UK and France work together for a world-wide arms trade treaty

  

  The United Kingdom and France launched on Wednesday, Armistice Day, the idea of the need to negotiate a world-wide Arms Trade Treaty. Foreign Secretary David Miliband and French Foreign Minister Bernard Kouchner wrote a joint article on the subject published in the Vatican newspaper L'Osservatore Romano.