The coming Friday meeting in Chile of Argentina’s President Cristina Fernandez de Kirchner with Prime Minister Gordon Brown allegedly to address the Falkland Islands sovereignty dispute has had headlines’ impact in Britain.
G-20 nations have agreed to develop principles to regulate the banking sector and to make 100 billion US dollars in loans available to the International Monetary Fund to support the developing world according to British government sources.
Despite major stimulus packages announced by advanced economies and several emerging markets, trade volumes have shrunk rapidly, while production and employment data suggest that global activity continues to contract in the first quarter of 2009, the IMF said in a new assessment of the global economy.
Uruguayan president Tabare Vazquez together with several ministers and a delegation of 70 businessmen left Friday for an official state visit to China. The party arrives Saturday in Beijing but the official program begins Monday when President Vazquez will be received by this Chinese counterpart Hu Jintao.
Both the surging food prices from 2007 to 2008 and their subsequent drop in some areas are a result of large-scale speculation by financial investors, according to a new report by the United Nations trade body, which called for greater regulation to protect millions of poor people worldwide.
The pace of the ratification of a global pact outlawing cluster bombs must be accelerated to relegate the deadly weapons “to the pages of history,” Deputy Secretary-General Asha-Rose Migiro said Wednesday.
The World Bank estimates China's gross domestic product for 2009 will be 6.5%, falling short of China's own prediction of 8% growth for the year. Still, the World Bank says China's economy is holding up relatively well and it sees plenty of room for the government to implement effective stimulus measures.
Saudi Arabia's oil minister Ali al-Naimi warned Wednesday of a possible catastrophic energy supply crunch without prompt investment. The minister said the ideal price for oil lies between 60 and 75 US dollars a barrel.
British Prime Minister Gordon Brown has expressed personal regret for every person who loses their job - as unemployment surged above the two million mark for the first time in 12 years.
With over 7,400 new HIV infections daily, comprehensive approaches – including condom use – are essential to stop the spread of the AIDS epidemic, the Joint United Nations Programme on HIV/AIDS (UNAIDS) said Wednesday, warning that there is no “single magic bullet” for prevention.