International

Friday, February 27th 2009 - 23:00 UTC
Japan falls deeper into recession

Japan's economy is sinking deeper into recession, the country's finance minister has warned, as new figures show industrial production plunged a record 10 per cent in January.
Thursday, February 26th 2009 - 23:00 UTC
Survey of massive mountain range below Antarctic ice

A massive yet enigmatic mountain range as big as the Alps lying deep beneath Antarctica's ice has been surveyed in detail for the first time. The expedition, one of the most ambitious and challenging during International Polar Year, has captured the first clear picture of the mysterious Gamburtsev sub-glacial mountains.
Thursday, February 26th 2009 - 23:00 UTC
Top level meeting between Latam and Obama presidency

Brazil defended political diversity in Latinamerica and the change of attitude of the region towards the Cuba issue during the first official meeting in Washington of a Latinamerican representative with the highest ranking officer of President Barack Obama administration, Secretary of State Hillary Clinton.
Thursday, February 26th 2009 - 23:00 UTC
Banker challenges PM Brown “failure should not be rewarded”

Former Royal Bank of Scotland boss Sir Fred Goodwin has written to the Treasury indicating he will not voluntarily give up his pension, it has been revealed. Sir Fred is coming under increasing pressure to give up at least part of the pension, worth an estimated ?693,000-a-year, which he is already receiving at the age of 50 under an early retirement deal agreed with the RBS board when he was forced out last October.
Thursday, February 26th 2009 - 23:00 UTC
British catholic bishop apologizes over Holocaust controversy

A British bishop whose denial of the Holocaust embroiled Pope Benedict XVI in controversy has apologised for his remarks, a Catholic news agency said. Bishop Richard Williamson, with the conservative Society of St Pius X, had faced worldwide criticism over a television interview in which he said no Jews were gassed during the Holocaust.
Thursday, February 26th 2009 - 23:00 UTC
UK scheme to unload banks' toxic assets and recover confidence

The United Kingdom Treasury has launched a taxpayer-backed scheme to insure banks' riskiest assets against further losses. The scheme aims to clean up banks' balance sheets and to encourage them to lend more freely.
Thursday, February 26th 2009 - 23:00 UTC
UK banks and regulators point fingers to political sector

The chairman of United Kingdom's Financial Services Authority has said its failure to spot the banking crisis in advance was partly due to the style of regulation. A “light touch” approach at the City watchdog had been seen as politically preferred, Lord Turner said.
Wednesday, February 25th 2009 - 23:00 UTC
Gibraltar “nothing to fear” from tougher EU controls

As European Union leaders met over the weekend in Berlin ahead of the G20 summit in April, Gibraltar Chief Minister Peter Caruana has welcomed the call for a tightening of regulatory standards, transparency and co-operation of financial markets on a global basis.
Wednesday, February 25th 2009 - 23:00 UTC
Success of Polar Year confirms worst climate change fears

Scientists and policymakers marked the official end of the International Polar Year (IPY) Wednesday at the World Meteorological Organization in Geneva. The 60-country, 1.2 billion US dollars effort has seen knowledge about the poles - and their influence on the rest of the planet - increase hugely.
Wednesday, February 25th 2009 - 20:00 UTC
UK Jan car production plummets 58.7% over a year ago

United Kingdom car production for January fell 58.7% against the same month the previous year, latest figures show. A total of 61,404 cars were manufactured in January 2009, the Society of Motor Manufacturers and Traders said.