International

• Monday, April 26th 2010 - 05:51 UTC

  Former Royal Navy Falklands’ Patrols Sold to Bangladesh

  

  Two former Royal Navy offshore patrol vessels built by Hall Russell in Aberdeen and which for years were on Falkland Islands service have been sold to Bangladesh's navy.

• Monday, April 26th 2010 - 05:40 UTC

  Huge Operation to Stop Oil Leaking from Gulf of Mexico Well Explosion

  

  Efforts were under way Sunday to contain and stop oil leaking from a BP well after a rig explosion in the Gulf of Mexico, the US Coast Guard said. Officials found oil was leaking Saturday from the well.

• Monday, April 26th 2010 - 01:36 UTC

  World Bank Agrees to Increased Capital and Voting Power for Developing Countries

  

  The 186 countries that own the World Bank Group endorsed on Sunday boosting its capital by more than 86 billion US dollars and giving developing countries more influence.

• Saturday, April 24th 2010 - 11:08 UTC

  Exchange Rate Disorder

  

  By Jose Antonio Ocampo – Two troubling features of the ongoing economic recovery are the depressed nature of world trade and the early revival of international global payment imbalances. Estimates by the International Monetary Fund and the United Nations indicate that the volume of international trade in 2010 will still be 7% to 8% below its 2008 peak, while many or most countries, including industrial nations, are seeking to boost their current accounts.

• Saturday, April 24th 2010 - 07:28 UTC

  Volcanic Ash Cloud Costs European Tourism 2.3 Billion USD Losses

  

  Air traffic disruptions caused by the volcanic ash cloud from Iceland inflicted losses on the European tourism sector worth 2.3 billion dollars (1.7 billion Euros), the United Nations World Tourism Organization (UNWTO) estimated Friday.

• Saturday, April 24th 2010 - 07:13 UTC

  Global Warming Contributing to Rapid Ocean Acidification

  

  Carbon dioxide emissions that contribute to global warming are turning the oceans more acidic at the fastest pace in hundreds of thousands of years, the U.S. National Research Council warns.

• Saturday, April 24th 2010 - 01:32 UTC

  Could the Greek Crisis Spell the End of the Euro as a Currency?

  

  If Greece was to default it would effectively spell the end of the Euro as a currency, according to Royal Bank of Scotland's (RBS) strategist and chief European economist Jacques Cailloux.

• Saturday, April 24th 2010 - 01:03 UTC

  Tory Leader Cameron Gains Ground in Latest Debate according to Polls

  

  British Conservative leader David Cameron gained ground on the Liberal Democrats' Nick Clegg in the leaders’ debate, as polls gave conflicting verdicts on which of the two won.

• Saturday, April 24th 2010 - 00:53 UTC

  First Tremors of Euro Seism: Greece Asks for Financial Rescue Package

  

  Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis. It had hoped that just the promise of EU support, agreed last month, would have been enough to reassure markets and help its recovery.

• Friday, April 23rd 2010 - 06:40 UTC

  Whaling Commission unveils compromise proposal which includes Japan

  

  The International Whaling Commission unveiled Thursday a draft proposal to bring all whaling operations under its full control and to strengthen and focus the work of the IWC on conservation issues including a compromise proposal which will cut Japan's annual Antarctic quota by three-quarters in five years.