International

• Saturday, April 4th 2009 - 11:06 UTC

  Lula da Silva proud to lend money to the IMF

  

  President Lula da Silva said he wants to be the first Brazilian leader whose administration will lend money to the International Monetary Fund. His comments were done following the G20 summit when it was agreed to supply the IMF with additional funding to the tune of 750 billion US dollars.

• Saturday, April 4th 2009 - 10:46 UTC

  Falklands’ fan among 350 chosen students to meet leaders at NATO summit

  

  President Barack Obama singled out a Bulgarian university student who published an article on the functioning of democracy in the Falkland Islands, to take part in a youth forum during the NATO summit in Strasbourg reports Sofia news agency, Novinite.com.

• Saturday, April 4th 2009 - 09:45 UTC

  Brazil and China discuss bilateral trade in Real and Yuan

  

  Brazilian President Lula da Silva said Friday that he supports alternatives to the dollar as the world's premier currency who anticipated the issue will be addressed when he visits China next month. Senior Chinese and Russian officials have talked in recent weeks about a new reserve currency to replace the dollar.

• Saturday, April 4th 2009 - 05:16 UTC

  Uruguay de-listed from group of non cooperative tax havens

  

  The Organization for Economic Cooperation and Development, (OECD) welcomed on Thursday the formal endorsement by Uruguay of its tax information exchange standards.

• Friday, April 3rd 2009 - 14:40 UTC

  OECD forecasts two digits unemployment in several countries by 2010

  

  Economic activity is expected to plummet by an average 4.3% in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report

• Friday, April 3rd 2009 - 10:19 UTC

  Last minute agreement on tax havens completes G20 agenda

  

  As G20 negotiations on a new regulatory blueprint bogged down, President Barack Obama pulled French President Nicolas Sarkozy and Chinese President Hu Jintao into a corner of a room in London’s Excel Centre, according to press reports from London.

• Friday, April 3rd 2009 - 05:15 UTC

  G-20 agrees on 1.1 trillion USD and tougher rules to tackle global crisis

  

  Leaders of the world's largest economies have reached an agreement to tackle the global financial crisis with measures worth 1.1 trillion US dollars.

• Friday, April 3rd 2009 - 05:10 UTC

  Euro zone rate lowered to 1.25% and possibly to 1% in May

  

  The European Central Bank said Thursday it would lower its key lending rate a quarter of a percentage point to 1.25%, effective April 8. It is the sixth time the ECB has lowered its key rate since October 2008, when it stood at 4.25%, as it tries to boost economic activity.

• Thursday, April 2nd 2009 - 13:47 UTC

  Mrs. Kirchner approach to Malvinas issue infuriates Jewish community

  

  Argentine president Cristina Fernandez de Kirchner strong lobbying for support from the Arab League in its dispute with Britain over the Falkland Islands is proving to be a short lived pyrrhic victory since she involved Argentina in the Palestine question and infuriated the Jewish community.

• Thursday, April 2nd 2009 - 13:23 UTC

  Huge population of rare dolphins discovered in South Asia

  

  The Wildlife Conservation Society (WCS) has announced the discovery of a huge population of rare dolphins in South Asia—but warns that the population is threatened by climate change and fishing nets.