
Britain’s overseas aid is to be re-branded in a bid to raise public awareness at home and abroad and help maintain support for spending during the downturn. The Department for International Development (DFID) will use the name UKaid for its funding of projects in the world's poorest countries following concerns raised by Parliament.

The United Nations top health official opened a forum in Mexico on combating the A/H1N1 flu saying that the spread of the virus worldwide is now “unstoppable”. World Health Organization head Margaret Chan added that the holding of the meeting in Cancun showed confidence in Mexico, which has been hard hit.

The European Central Bank's, ECB, kept its key rate unchanged at 1% for another month following their regular meeting. But at a news conference on Thursday ECB president Jean-Claude Trichet said he was pleased with the first results of the “liquidity infusion” to the banking system.

The unemployment rate in the 16-nation Euro zone jumped to 9.5% in May, the highest in 10 years, as the economies in the region continued to grapple with deepening recession. For the 16 countries sharing the common currency Euro, the jobless rate is the highest since May 1999.

The rising numbers of A/H1N1 virus flu cases mean trying to contain the virus is no longer an option says the British government says, reports BBC.

The Gibraltar Government plans to boost its presence in Gibraltar’s territorial waters by purchasing larger vessels with which to enforce its jurisdiction reports the Gibraltar Chronicle. Chief Minister Peter Caruana made a brief reference to the plan during his closing address to Parliament at the end of last week’s budget session.

The leader of the British opposition, David Cameron has accused the Prime Minister of deceit over public spending cuts. Tory leader Cameron rounded on Mr Brown at Commons question time, after he again claimed the Tories were planning 10% cuts.

British Members of Parliament from all parties are calling for an end to all UK military aid to Colombia, citing murders and human rights abuses by the country's security forces. The MPs have launched a TUC-backed group called Friends of Colombia.

The World Bank believes the end of the global crisis will come following the recovery of the emerging economies, particularly China. The statement follows the presentation of the latest report, Global Financial Development 2009; a path for global recovery” by economists Mansoor Dailami and Hans Timmer.

The recession-blighted United Kingdom economy shrank at its fastest rate for more than 50 years in the first three months of 2009, official figures have shown. And revisions to figures revealed the current recession began earlier than first thought, with a 0.1% decline seen between April and June last year compared with previous estimates of zero growth.