Unemployment in the United Kingdom hit an 11-year high as the Bank of England signalled that interest rates could plunge to record lows to lift the economy out of recession which is very likely already in recession.
Spain's banking giant Santander - which owns UK's Abbey, Alliance & Leicester and Bradford & Bingley's savings business - has announced a 7.2 billion Euro rights issue to raise new capital and shore up its capital ratio.
The largest business in Italy today is organized crime, Mafia, with an annual turnover of some 130 billion euros (about 165.71 billion US dollars) and a net profit of close to 70 billion euros, after investments and expenses, according to the Italian national retail services association Confesercenti on Tuesday.
While the price of crude oil for future delivery declined below 60 US dollars a barrel, OPEC sources on Tuesday said that the cartel will again consider cutting production when it meets next month in Algiers.
China's trade surplus rose to 35.2 billion US dollars in October, hitting a record for a third month in a row, data shows. The surplus rose 20% from September's 29.36 billion high, according to data from the Customs Department in Beijing.
The bitter reality of conflicts in many countries dwarfs the ability of United Nations peacekeeping efforts to halt warring factions and maintain security despite their best intentions, said General Assembly President Miguel D'Escoto.
Tax cuts could be used to push the United Kingdom out of recession, Prime Minister Gordon Brown has said, amid mounting speculation they will be included in the upcoming Pre-Budget Report.
Spanish Foreign Minister Miguel Angel Moratinos reiterated this past week his government's commitment to the trilateral forum and a process of dialogue between Spain, Britain and Gibraltar, expressing hopes that a definitive solution to the Gibraltar dispute would be arrived at.
Wind farms off the Skegness coast in east England have helped make the Unite Kingdom since November the leader in offshore wind generation. The Lynn and Inner Dowsing farms are located 5 kilometres east of Skegness and when fully commissioned will transfer 194 megawatts of power to the national grid.
New Zealand's opposition National Party on Saturday swept to power, ending PM Helen Clark's nine-year Labour government. Ms Clark admitted defeat and said she would step down as leader.