United States President Barack Obama is in the United Kingdom for his first major foreign trip since taking office in January. In London he is to attend the G20 summit of the world’s 20 major economies representing 85% of global GDP, which is hosted by British Prime Minister Gordon Brown. The two will have breakfast talks in Downing Street on Wednesday followed by meetings with other world leaders.
South American leaders underscored the importance of economic and political ties with the Arab world in a summit meeting with their Arab counterparts in Qatar. Tuesday's meeting, the second Arab-South American summit, in Doha, followed the conclusion of the Arab League conference in the city.
Britain's naval bases around the world should be put under the control of the European Union, according to a report commissioned by the Brussels Parliament and which was leaked to the British press this week.
Arab League and South American countries will open Tuesday their second summit with the purpose of boosting trade and cooperation. The idea of regular meetings between the 22 members of the Arab League and 12 South American countries was born in Brasilia in 2005, sponsored by Brazilian president Lula da Silva.
Spain's decision to rescue a regional savings bank has sent financial stocks in the country lower. The Bank of Spain is to take over Caja Castilla la Mancha in the first bank bail-out in Spain since the global financial crisis began. The government will also back the bank with 9 billion Euros in guarantees.
Qatar's oil minister said Monday he was OK with crude oil at 50 US dollars per barrel for this year, reflecting a measure of pragmatism by OPEC. However OPEC president forecasted that oil prices could reach 75USD by the end of the year.
UK Prime Minister Gordon Brown has set out five tests which world leaders will face when they gather for the G20 summit in London on Thursday and urged them to rise to the challenge of beating the recession.
Voters from Mayotte, a tiny island in the Indian Ocean, voted overwhelmingly on Sunday to become and integral part of France, the 101th “departement”. Authorities said 95.2% of those who voted (61% turnout) opted to strengthen ties with Paris which will also require the Muslim majority to abide by French law. Only 4.8% voted no.
United Kingdom Chancellor Alistair Darling has moved to damp down expectations of a new budget stimulus for the global economy at the G20 summit in London, warning that all the world's problems would not get sorted in one day.
On behalf of everyone at WWF, we'd like to say a big, big THANK YOU to all who took part in Earth Hour 2009. Because of you it was the biggest Earth Hour ever. You were joined by millions of others in almost 4000 towns and cities across 88 countries. People who switched off their lights and demonstrated their concern at how our climate is changing. It was an amazing night. We couldn't have done it without you