International

Thursday, February 11th 2010 - 03:34 UTC
EU summit to address how to save Greece from default

The European Union (EU) first full-time President Herman Van Rompuy will chair an informal summit on Thursday to draw an economic blueprint for the bloc for 2020. The meeting is also devoted to addressing some immediate challenges, such as record high unemployment and the possible-default crisis in Greece potentially extending to other members.
Thursday, February 11th 2010 - 03:07 UTC
China imports soar 86% in Jan; 2009 US trade deficit, smallest in eight years

China's exports and imports grew substantially in January year on year. This suggested that global demand for Chinese made goods is continuing and Chinese consumers are spending too: imports soared 86%, according to Beijing figures.
Thursday, February 11th 2010 - 03:04 UTC
UK consumer inflation forecast expected to peak at 3.5% (well above 2% target)

The Bank of England has lifted its inflation forecast saying it now expects consumer price inflation will peak at 3.5% - well above the previous forecast of 3%. BoE Governor Mervyn King said CPI inflation rose sharply to well above the 2% target in December and is likely to have risen further in January
Thursday, February 11th 2010 - 02:51 UTC
The Washington Post looks at Colombia and the OAS

It can be said without much margin of error that The Washington Post, or a summary of its main points, is on the breakfast table of the most powerful man on earth, the elected resident of the White House.
Wednesday, February 10th 2010 - 22:20 UTC
US officials confirmed the two F-5 engines were legally sold to Malaysia

United States officials confirmed before Uruguay’s Organized Crime Special Office that the two fighter planes F-5 engines found in a Uruguayan free zone had effectively been sold to the Malaysian government.
Wednesday, February 10th 2010 - 00:09 UTC
Japan airlines keeps partnership with American in Oneworld alliance

Japan Airlines said it would keep its partnership with American Airlines in the Oneworld alliance, ending an attempt by Delta Air Lines to entice the bankrupt carrier to its rival SkyTeam group.
Tuesday, February 9th 2010 - 23:48 UTC
UK top financial regulator quits after three years in the job

The head of Britain’s Financial Services Authority, FSA, has announced he is to quit after three years at the helm. Chief executive Hector Sants is to stand down in summer 2010, the regulator said, adding that it would announce the process for replacing him in due course.
Tuesday, February 9th 2010 - 16:47 UTC
Stiglitz calls on Euro zone governments to “burn the speculators”

European governments should intervene in stock markets and “burn” the speculators one of the world's leading economists was quoted by European media. Professor Joseph Stiglitz said authorities in the Euro-zone should do what the Chinese authorities did in the late 1990s when the Hong Kong currency came under attack.
Tuesday, February 9th 2010 - 02:18 UTC
US-China trade dispute escalates to include chicken wings and feet

China is to enforce anti-dumping duties on US chicken imports, accusing American poultry firms of exporting the meat at unfairly low prices. In just the latest in a series of trade disputes between the two countries, China's Commerce Department said the tariffs will start from 13 February.
Tuesday, February 9th 2010 - 02:16 UTC
Fitch says there is “no risk of contagion” from Greek debt crisis

Euro-zone countries face no risk of “contagion” from the debt and deficit crises afflicting Greece, Portugal and Spain, the chairman of ratings agency Fitch said in an interview with Europe radio 1.