International

• Thursday, November 11th 2010 - 06:16 UTC

  “The dollar strength rests on the fundamental strength of the US economy”

  

  Following is a text of a letter from President Barack Obama to G20 leaders due to meet in Seoul from tomorrow. The letter was sent on Tuesday.

• Thursday, November 11th 2010 - 06:15 UTC

  Obama arrives in Seoul but a G-20 summit consensus still out of reach

  

  President Barack Obama tried to swing the G20 spotlight back onto global imbalances and take his own country's policies out of the glare as world leaders gathered in Seoul.

• Wednesday, November 10th 2010 - 14:42 UTC

  Upgraded HMS Edinburgh joins the fleet after £ 17.5 million refit

  

  A ceremony marking HMS Edinburgh’s return to the fleet after a £17.5m upgrade took place at Portsmouth Naval Base last week. The Portsmouth-based Type 42 destroyer - which was out of action for 18 months for the refit - was “re-Christened” in a colorful re-dedication ceremony in front of hundreds of guests.

• Wednesday, November 10th 2010 - 14:29 UTC

  RN flagship HMS Ark Royal sets sail for a farewell tour

  

  The Royal Navy flagship HMS Ark Royal, which was axed as part of the defence review, set sail yesterday for a farewell tour. The aircraft carrier is to be retired three years early as part of cost-cutting measures announced by the British Government last month.

• Wednesday, November 10th 2010 - 05:36 UTC

  EU fines eleven airlines 800 millon Euros for a global cargo cartel

  

  Europe's competition watchdog hit 11 airlines with nearly 800 million Euros in fines Tuesday for running a global cargo cartel that included Air France-KLM, British Airways and Japan Airlines.

• Wednesday, November 10th 2010 - 05:33 UTC

  Contrary to expectations China’s October trade surplus soars to 27.2 billion

  

  As world leaders prepare to debate international trade imbalances this week, China announced Wednesday that its trade surplus surged last month to a staggering 27.2 billion US dollars, a 61% increase over the 16.9 billion surplus in September.

• Wednesday, November 10th 2010 - 05:28 UTC

  China resists becoming the locomotive for the world economy, says IMF

  

  China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.

• Wednesday, November 10th 2010 - 04:47 UTC

  “Newly valuable” Falklands open to attack by axing Ark Royal and the Harriers

  

  A group of former Royal Navy admirals have called for the decision to scrap the aircraft carrier Ark Royal and the fleet of Harrier jets to be reversed. The cuts were announced as part of the government's Strategic Defence Review.

• Wednesday, November 10th 2010 - 02:38 UTC

  Falklands should not interfere with UK’s Latin America renewed approach

  

  The Falkland Islands dispute must not get in the way of Britain boosting its relations with Latin America, Foreign Secretary William Hague said Tuesday. London has neglected its ties with the region for too long and Britain must re-launch its relations with Latin America as its importance on the global stage grows, Hague said.

• Wednesday, November 10th 2010 - 01:15 UTC

  China and US exchange accusations ahead of the G20 summit in Korea

  

  China kept up criticism of US easy-money policies, warning two days before a G20 world economic summit that Washington could destabilize the global economy and inflate asset bubbles.