The first House of Commons Speaker to be effectively forced out of office in 300 years took place Tuesday when Michael Martin told MPs he intends to stand down. In a brief statement to a packed House of Commons he said he would step down on 21 June, with his successor set to be elected by MPs the next day.
Behind the idea that the current economic crisis will be over by 2010 are the interests of the financial sector that are trying their most to avoid a greater regulation of markets claims British Professor Robert Wade.
The turnaround in the global economic slowdown could come in October or November this year, but an economic recovery depends on many factors and isn't likely to start for another year, the head of the International Monetary Fund, Dominique Strauss-Khan, warned Friday.
The spread of swine flu and possible vaccine production dominate the agenda of the World Health Organization assembly which begins Monday in Geneva until May 22.
The ruling Labour slumped to be neck and neck with the United Kingdom Independence Party in a poll as voters looked set to punish mainstream parties over the expenses scandal at the ballot box next month.
Britain will formally complain to Spain about the recent incursion by a Spanish Navy patrol boat into Gibraltar's territorial waters. The fisheries protection vessel 'Tarifa' entered British waters and deployed a small speedboat to carry out checks on Spanish fishermen off the east side of the Rock, reports The Gibraltar Chronicle.
The economies of the 16 countries of the Euro zone experienced its worst quarterly drop in GDP in the first three months of the year, shedding 2.5% according to a release from the EU statistics agency Eurostat.
Almost two in three British voters believe a general election should be called as soon as possible amid mounting public anger about Member of Parliaments' taxpayer-funded expense claims, a poll has revealed.
The Spanish economy slid deeper into recession in the first quarter of this year, official data showed on Thursday revealing that output shrank by 1.8% from the level in the previous quarter. On an annualized basis the contraction was a record 2.9%, the steepest in half a century.
Spain's state television sacked its head of sports coverage on Thursday, saying it was a mistake not to have shown a soccer crowd from Catalonia and the Basque Country booing the Spanish national anthem during the country's Copa del Rey final.