International

• Saturday, May 15th 2010 - 04:39 UTC

  Volcker Fears Potential Disintegration of the Euro, Without Common Fiscal Policy

  

  Former Federal Reserve chairman and advisor of the Obama administration is concerned that the Euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members.

• Saturday, May 15th 2010 - 04:37 UTC

  IMF Warns Developed Countries on “Urgent” Need to Cut Budget Deficits

  

  The International Monetary Fund has warned developed nations they face an “urgent” need to cut their budget deficits. Its warning comes as a slew of European countries face public unrest over their attempts to do just that.

• Saturday, May 15th 2010 - 04:29 UTC

  Gibraltar Celebrates: Hague and Fox “Could not be Better Choices”

  

  Gibraltar Chief Minister Peter Caruana gave the warmest welcome the Rock could give to a new Foreign Secretary as he described William Hague, former Tory leader, as a “safe pair of hands” from Gibraltar's perspective.

• Saturday, May 15th 2010 - 04:23 UTC

  Hillary Clinton and Hague Reaffirm “Unbreakable Alliance”

  

  US Secretary of State Hillary Rodham Clinton and new British Foreign Minister William Hague met on Friday in Washington, vowing to strengthen the U.S.-Britain strategic alliance on addressing common challenges.

• Saturday, May 15th 2010 - 04:20 UTC

  German Economy Rebounds in the First Quarter of 2010 with 0.2% Expansion

  

  The German economy—Europe's largest—expanded 0.2% in the first quarter of 2010, beating forecasts of zero growth. Many analysts predicted German GDP would stagnate in the quarter.

• Saturday, May 15th 2010 - 04:16 UTC

  China Signs 23 Billion USD Deal with Nigeria to Build Three Refineries

  

  Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.

• Saturday, May 15th 2010 - 04:14 UTC

  Tata Group Land Rover Sales Almost Doubles in April

  

  Land Rover's global sales almost doubled last month, with demand for the 4x4 vehicles growing strongly as the world economy recovers.

• Saturday, May 15th 2010 - 04:04 UTC

  Russia Ratifies Interest in Latam; Plans for Nuclear Power and Military Sales

  

  Russia is planning to strengthen its relations with 61 countries worldwide, including Chile. It is exploring options in Latin America for the development of nuclear power and military sales, a document from its ministry of foreign affairs stated this week.

• Saturday, May 15th 2010 - 03:51 UTC

  “Nick and I Don’t Talk about Gibraltar at Home”

  

  Miriam González, the Spanish wife of recently appointed United Kingdom Deputy Prime Minister Liberal Democrat leader Nick Clegg, has captured the imagination of the media, especially in her native country.

• Saturday, May 15th 2010 - 03:44 UTC

  European summer of volcanic ash disruptions to air travel, warn geophysicists

  

  Europe should brace itself for a summer of sudden flight disruptions caused by the Icelandic volcano, experts have warned. Air-control authorities and geologists agree there are likely to be more cancellations to come as computerised projections try to pinpoint where the ash clouds will float next at the whim of shifting winds.