International

• Tuesday, September 16th 2008 - 21:00 UTC

  IMF chief predicts end of independent investment banks

  

  The global financial crisis is not over and more banks could close, possibly leading to the disappearance of independent investment houses, IMF chief Dominique Strauss-Kahn told reporters in Cairo.

• Monday, September 15th 2008 - 21:00 UTC

  Nobel Prize Stiglitz: crisis should be less serious than 1929

  

  The crisis now gripping world financial markets should be less serious than that of 1929, Nobel Prize laureate Joseph Stiglitz said on Monday because new monetary and fiscal “instruments” could prevent a Great Depression.

• Sunday, September 14th 2008 - 21:00 UTC

  Aeroflot Airliner 737 Crashes, Killing All 88 Passengers

  

  A Boeing 737 passenger jet has crashed near the Russian city of Perm in the central Ural mountains killing all 88 people on board, Russian news agencies reported.

• Friday, September 12th 2008 - 21:00 UTC

  Debt strapped Spanish builder wants out from Repsol-YPF

  The impact of Spain's housing market crash has a new chapter: construction company Sacyr Vallehermoso SA is considering selling its 20% stake in oil major Repsol-YPF, as it struggles with a sinking property market and soaring financial costs, according to an announcement released Friday by Spain's Markets Commission, CNMV.

• Friday, September 12th 2008 - 21:00 UTC

  EU cuts bio-fuels target for transport road to 10% by 2020

  European Union lawmakers voted this week to cut in half an ambitious target for using crop-based bio-fuels for 10% of its road transport needs by 2020. The vote by the European Parliament's industry committee deals a blow to climate change goals agreed by EU leaders last year to try to cut carbon dioxide emissions.

• Thursday, September 11th 2008 - 21:00 UTC

  Nuclear power predicted to continue to expand strongly

  

  The United Nations International Atomic Energy Agency (IAEA) said on Thursday that nuclear power is expected to continue to expand in the coming decades in line with the growing global demand for energy, while also reporting that the power source's share of global electricity generation dropped another percentage point in 2007 to 14%.

• Thursday, September 11th 2008 - 21:00 UTC

  Gibraltar celebrates National Day and self determination

  

  ”Gibraltar (*) is now a modern, economically and socially prosperous community and we are politically advanced, mature and self assured. We no longer need to claim our right to self determination. We have it” said Gibraltar's Chief Minister Peter Caruana in his advance of the September 11 National Day message.

• Thursday, September 11th 2008 - 21:00 UTC

  EC forecasts recession ahead for UK, Spain and Germany

  

  United Kingdom is forecasted to fall into recession by the end of the year alongside Spain and Germany after a “sharper than expected” slowdown, the European Commission has predicted.

• Thursday, September 11th 2008 - 21:00 UTC

  UN underlines bumper crops and potential of Russia and Ukraine

  A senior United Nations food agency official on Thursday predicted a bumper harvest of cereal crops in Russia and Ukraine for this year and said the region possesses significant untapped agricultural potential.

• Wednesday, September 10th 2008 - 21:00 UTC

  Cautious OPEC to strictly comply with agreed quotas

  OPEC has told its members to strictly limit their production to agreed quotas as Brent crude dipped below 100 US dollars a barrel for the first time since April. After talks in Vienna, OPEC president Chakib Khelil said the measures to curb over-production amounted to a cut of 520,000 barrels a day within 40 days.
  
  Prices have sunk from a record of more than 147 US dollars a barrel seen in July.