International

• Friday, November 6th 2009 - 16:35 UTC

  Bank of England to pump extra £ 25 billion to the economy

  

  The Bank of England voted on Thursday to pump an extra £25 billion into the economy amid concerns over getting the UK's faltering recovery out of recession. The quantitative easing (QE) program aimed at increasing the money supply and helping the economy no stands at £ 200 billion.

• Thursday, November 5th 2009 - 06:20 UTC

  Interpol suggests mediation between Argentina and Iran over terrorist attack

  

  France based Interpol proposed Argentine and Iranian authorities meet at Interpol's General Secretariat Headquarters in Lyon, central-south France, to unlock the judicial stalemate of the 1994 AMIA terrorist bombing in Buenos Aires.

• Thursday, November 5th 2009 - 06:13 UTC

  Bailing out UK banks has cost each British family £ 4.350 claim Tories

  

  The British government’s plan to pump a further £25.5 billion of taxpayers’ money into Royal Bank of Scotland means the cost of the banking bailout has reached £4,350 for every family in the UK.

• Thursday, November 5th 2009 - 05:51 UTC

  Strict cuts and rules for British MPs allowances

  

  British Members of Parliament should no longer be able to claim for their mortgages or employ family members at the taxpayers' expense, the long-awaited report by the standards watchdog has said.

• Thursday, November 5th 2009 - 05:42 UTC

  Chinese company buys oil assets in the US for the first time

  

  Chinese energy giant China National Offshore Oil Corporation (CNOOC) has bought oil assets in the US for the first time. CNOOC purchased limited stakes in four deepwater exploitation licences in the Gulf of Mexico from Norway's Statoil. The size of the deal is secret, but Statoil said it was small.

• Thursday, November 5th 2009 - 05:34 UTC

  GM decision to hang on to European subsidiaries triggers controversy

  

  General Motors decision to hang on to its European car unit Opel including Vauxhall in Britain, was welcomed in the UK but met with anger in Germany. Unite union chief Tony Woodley, a former Vauxhall worker, hailed the news as a “fantastic decision”.

• Thursday, November 5th 2009 - 05:21 UTC

  Gold at all time record following India’s purchase of IMF metal reserves

  

  The price of gold has touched an all-time high after a large sale of the precious metal by the International Monetary Fund (IMF) to India. Gold struck a high of 1,095.05 an ounce in London, against 1,084.50 late in New York on Tuesday.

• Wednesday, November 4th 2009 - 13:17 UTC

  Two million British children have no parent in work

  

  The number of children in British families living on benefits has increased by 170,000 over the past year, with child poverty growing in affluent as well as traditionally hard hit areas, according to a new report.

• Wednesday, November 4th 2009 - 13:14 UTC

  Ireland and Spain forecasted to remain in recession well into 2011

  

  The European Union's economy is set to rebound in 2010, recording a growth rate of 0.7% before accelerating to a rate of 1.6% in 2011, the bloc's executive said Tuesday. However some economies will emerge from recession faster than others and among those lagging well into 2011 are Spain and Ireland.

• Wednesday, November 4th 2009 - 13:10 UTC

  Major restructure of British banks includes more injection of funds

  

  Britain’s Chancellor of the Exchequer Alistair Darling welcomed Tuesday the announcements that Royal Bank of Scotland (RBS) and Lloyds Banking Group are to sell off hundreds of branches.