General Motors (GM) says it has emerged from bankruptcy protection after creating a new GM made up of the carmaker's best assets. GM chief executive Fritz Henderson said it was the beginning of a new era.
Britain’s Foreign Office Minister, Chris Bryant, attended an event at the Overseas Development Institute (ODI) and delivered a speech on “Latin America – realising the dream”. The event and speech focused on Latin America's role in the world and how the EU and Latin America need to work together on global issues such as climate change and the international financial crisis.
A consensus has emerged Thursday at the expanded Group of Eight summit in Italy on the need to close the Doha Round on world trade talks by the end of next year. The World Trade Organization (WTO) talks began in 2001 and were aimed at lowering trade barriers for agriculture and the services sector and to boost trade and development for poor countries.
Passengers on a cruise liner at the centre of a virus outbreak have said they will stay on the ship until they are promised their money back. The Marco Polo has been berthed at Invergordon on the Cromarty Firth in Scotland since Monday after hundreds of passengers and crew became ill with norovirus.
Bank of England Monetary Policy Committee adopted a wait and see stand as they held off from delivering more aid to the recession-blighted UK economy. The Bank had been expected to expand its quantitative easing (QE) programme - effectively printing money - by £25 billion to £150 billion, but took no further action after its two-day meeting.
Spanish Foreign Secretary Miguel Angel Moratinos has declared that the Tripartite Forum of dialogue is not the place to solve the dispute over the Rock’s territorial waters between Britain, Gibraltar and Spain.
Already judged to be Europe’s worst tourists last year, the French have now been named as the worst in the world. In a survey of 4.500 international hotel owners, they are criticized for not speaking foreign languages and of being arrogant and tight with their cash.
Oil giant Royal Dutch Shell has replaced US retail group Wal-Mart as the world's largest company, the latest annual survey by Fortune magazine says.
Britain’s Foreign Office Minister Chris Bryant welcomed on Thursday the new St Helena, Ascension and Tristan da Cunha Constitution Order 2009, which among other things includes a Bill of Rights, better defines the role of the Governor and has separate chapters for each of the three islands.
The leaders of G8 believe the world economy still faces significant risks and may need further help, but macro-economic stimulus “must be consistent with price stability and medium-term fiscal sustainability” according to summit documents that also reflect failure to agree climate change goals for 2050.