Spain plans to help the European Commission fend off a legal challenge by Gibraltar over a decision relating to the Rock’s territorial waters, reports the Gibraltar Chronicle. Lawyers representing the Spanish government filed an application to join the controversial case last Friday, a day after the British government confirmed that it would support Gibraltar in court.
Japan has come out of recession after recording growth of 0.9% in the April-June quarter, compared with the first. The economy had shown four consecutive quarter-on-quarter contractions.
The British Virgin Islands and the Cayman islands have joined the global “white list” of countries using internationally recognised tax standards, the Organisation for Economic Cooperation and Development said last Friday.
Britain’s Defence secretary Bob Ainsworth has suggested that the UK's role in Afghanistan could be scaled down over the next 12 months, as the death toll passed the 200 mark. Ainsworth said that reaching the sad milestone, after the 204th soldier was killed, was grim.
The British Government has confirmed that it has formally requested leave to join Gibraltar’s action in the European Court of Justice, Luxembourg regarding Madrid’s designation of Gibraltar British Territorial Waters as under Spain.
British opposition Tories have criticised Foreign Secretary David Miliband for comments that they say could be seen to legitimise terrorism. Mr Miliband told the BBC violent action or terrorism may be justifiable in some cases, in a tribute to Joe Slovo, a South African anti-apartheid activist.
The UK has imposed direct rule on the Turks and Caicos Islands after an inquiry found evidence of government corruption and incompetence. The administration of the UK Overseas Territory in the Caribbean has been suspended for up to two years and power transferred to the UK-appointed governor. Politicians are accused of selling crown land for personal gain.
The International Monetary Fund announced Thursday it would begin to inject 250 billion US dollars into member nations' treasuries to cushion the blows of the global economic crisis. The action is part of a 1.1 trillion US dollar plan agreed by Group of 20 leaders in early April to tackle the global financial and economic crisis.
Magna and its Russian partner Sberbank have reached agreement in principle with General Motors management over a contract to buy 55% of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told reporters.
This week the German capital remembered a very different summer morning in 1961. On August 13 that year, the first barricades between the eastern and western halves of the city went up. Those barricades would eventually come to be known as the Berlin Wall, reports Germany’s Der Spiegel in its English on line version.