The Spanish economy shrunk more than expected in the second quarter in contrast with signs of recovery in France and Germany, according to the latest release from the Statistics Institute. Second quarter GDP contracted 1.1% quarter-on-quarter, a slight improvement on the first quarter when the economy shrunk 1.6%, mostly due to a hefty state stimulus spending plan.
The detection of an H1N1 virus in turkeys in Chile raises concern that poultry farms elsewhere in the world could also become infected with the pandemic flu virus currently circulating in humans, FAO said Thursday.
Britain is in the midst of a baby boom, helping push the population over the 61 million mark for the first time. More than three quarters of a million children were born in the UK last year, as fertility rates hit their highest levels in a generation.
China’s sustained demand for food, energy and minerals has helped Latinamerican countries to stimulate their economies and contain the negative impact of the current global recession, according to the latest report from the United Nations Economic Commission for Latinamerica and the Caribbean, Cepal.
Britain’s Network Rail has proposed a new £34 billion high-speed railway line linking Scotland and London by 2030. The line would serve Birmingham and Manchester, getting passengers from Glasgow to London in just two hours and 16 minutes, the rail firm said. It rejected several alternative routes, including the east of England.
The British government was accused of deserting millions of people after official figures showed the number of households in the UK with no one over the age of 16 working has increased by 240,000 in the past year to 3.3 million.
The US budget deficit will soar to almost 1.6 trillion US dollars this year, the highest on record, both the White House and Congress have warned. Fuelled by President Obama's 787 billion stimulus package and reduced tax revenues due to the recession, it compares with a 455 billion US dollars deficit in 2008.
Abdelbaset Ali al Megrahi was an intelligence agent. Since he worked for the Libyan government, he probably did some bad things. But he probably did not do the specific bad thing for which he was sentenced to 27 years in prison in Scotland.
Britain has been side-lined from a proposal to change the mandatory reporting system for ships sailing through the Strait of Gibraltar, despite its jurisdiction over Gibraltar and the surrounding waters, reports the Gibraltar Chronicle.
South Korea has launched its first space rocket, though a scientific satellite it was carrying failed to enter into its proper orbit. South Korean officials described the launch as a partial success.