
Gibraltar is not just having a relatively good level of economic activity during global recession and financial crisis, but is further positioning itself well to move into a significant new growth phase when the global economy and markets recover.

Gibraltar is participating this week at the World Travel Market (WTM) at the ExCel exhibition centre in London. For the first time Gibraltar’s stand will be located in the United Kingdom & Ireland hall of the event.

The gold rally resumed once more on Wednesday as prices rose more than 15 US dollars an ounce, spurred on by the US dollar’s seemingly endless decline, which continued as renewed optimism over the economic recovery led to dollar selling.

The United Kingdom and France launched on Wednesday, Armistice Day, the idea of the need to negotiate a world-wide Arms Trade Treaty. Foreign Secretary David Miliband and French Foreign Minister Bernard Kouchner wrote a joint article on the subject published in the Vatican newspaper L'Osservatore Romano.

The latest economic data from China suggests that industrial production grew year on year at a level faster than expected. Retail sales also rose by more than analysts had predicted, while consumer prices continued to fall.

Britain has offered to give up half of the land occupied by its sovereign military bases in Cyprus if the divided island's leaders can seal a reunification deal. In an attempt to show they are serious about supporting a solution to the protracted Cyprus problem, Britain has renewed an offer to cede about half the territory of its bases in Cyprus.

World Bank President Robert Zoellick said that the dollar's role as a reserve currency is intact, but the United States cannot take it for granted and needs to tackle its huge fiscal deficit.

The United Kingdom is the developed nation most at risk of losing its AAA sovereign credit rating because of the budget deficit and virtually no margin left in the event of another downturn, Fitch warned Tuesday.

The international laboratory GlaxoSmithKline has promised to donate 50 million doses of pandemic H1N1 vaccine to the World Health Organization (WHO) under an agreement signed at WHO headquarters in Geneva.
In 2006, British officials filed an application to list part of Gibraltar waters as an EU protected nature site. Now it has emerged they got the wrong coordinates: Instead of designating the sea around Gibraltar, they listed a stretch of water somewhere off the coast of Algeria.