International

• Wednesday, July 21st 2010 - 06:33 UTC

  UK airline orders 35 Brazilian aircraft worth 1.3 billion USD

  

  British airline Flybe has struck a deal with Brazilian plane manufacturer Embraer to buy 35 aircraft worth 1.3 billion US dollars, as it drives expansion in continental Europe. The announcement was done Tuesday during the Farnborough Air Show in England.

• Wednesday, July 21st 2010 - 06:30 UTC

  Spain’s 2010 tourism receipts down for the third year running

  

  For the third year running Spain tourism receipts will fall in 2010 according to the Exeltur, the Alliance for Tourism Excellence which brings together the country’s industry. The latest data indicates that real receipts this year will drop an estimated 2.4% to 37.2 billion US dollars following a 10.6% fall in 2009 and 1% in 2008.

• Wednesday, July 21st 2010 - 06:24 UTC

  Whisky Galore” rare bottle of Ballantine’s to be auctioned next August

  

  A rare bottle of whisky salvaged from a shipwreck, on which the novel and film Whisky Galore were based, is to go under the hammer in Scotland. The bottle of Ballantine's is thought to have been recovered from the wreck of SS Politician in the 1950s or 1960s.

• Wednesday, July 21st 2010 - 06:10 UTC

  Cameron admits to having cheered for Germany in World Cup

  

  British Prime Minister David Cameron made a soul-searing confession before the eyes of the world on Tuesday: he admitted having cheered for Germany after they vanquished England at the World Cup.

• Wednesday, July 21st 2010 - 05:49 UTC

  BP sells assets in US, Canada and Egypt to pay clean up bill

  

  British Petroleum is to sell assets in Texas, Canada and Egypt, to part-fund the clean-up cost of the Gulf of Mexico oil spill. The oil giant said it had reached a 7 billion US dollars deal with US-based oil production firm Apache Corp.

• Tuesday, July 20th 2010 - 04:12 UTC

  Russians exposed to the worst heat wave in 130 years

  

  Russia is going through its worst drought in more than a century. In Moscow, it’s hotter than in European and African resorts. The heat has caused asphalt to melt, boosted sales of air conditioners, ventilators, ice cream and beverages, and pushed grain prices up. Environmentalists are blaming the abnormally dry spell on climate change.

• Tuesday, July 20th 2010 - 04:07 UTC

  China buys controlling stake of New Zealand milk processor

  

  Bright Dairy & Food Co., a unit of Shanghai’s biggest food company, agreed to buy a controlling stake in Synlait Milk Ltd., a New Zealand milk processor planning to double capacity at its South Island plant.

• Tuesday, July 20th 2010 - 03:35 UTC

  Moody’s cuts Ireland’s credit rating; warns of slow recovery

  

  Risk rating agency Moody’s cut on Monday Ireland's credit rating, warning the country faces a slow climb out of recession as the cost of a rescue of its banking sector mounts.

• Monday, July 19th 2010 - 04:21 UTC

  Portugal, Ireland, Greece, Spain, the Euro and now Hungary: who’s next?

  

  The IMF and EU suspended a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.

• Monday, July 19th 2010 - 04:14 UTC

  China promises Germany’s Merkel support for the Euro

  

  Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt problems affecting many Euro zone countries. He was speaking in Beijing alongside the German Chancellor, Angela Merkel. She described his pledge as an important signal that China has confidence in the Euro.