International

Thursday, March 4th 2010 - 04:13 UTC
Giant waves ram cruise in Mediterranean killing two

Two people have been killed and six injured as giant waves slammed into a cruise ship in the Mediterranean, the ship's owners have said. The 8 metres high rogue waves hit the Cypriot-owned Louis Majesty off the north-east coast of Spain.
Thursday, March 4th 2010 - 04:10 UTC
Spain: no end in sight for the ranks of unemployed

The ranks of Spain’s unemployed increased by 2.03% in February compared with January, bringing the jobless total to more than 4.13 million, the Labour and Immigration Ministry said Tuesday. The figure is the highest since 1996.
Thursday, March 4th 2010 - 03:34 UTC
Spanish opposition reacts to Ban Ki-moon’s approach to decolonization process

Spanish opposition Popular Party MP José Ignacio Landaluce said this week that the only option for the decolonisation of Gibraltar was its return to Spain. He was reacting to comments made by the United Nations’ Secretary General Ban Ki Moon, who has called for a “pragmatic and realistic” approach to the decolonisation process.
Thursday, March 4th 2010 - 03:28 UTC
China lowers lending target; exporters demand “stable” Yuan

Bank of China will maintain a reasonable pace of lending this year, Li Lihui, the president of the country's fourth-largest lender by assets said on Wednesday.
Thursday, March 4th 2010 - 03:25 UTC
Outbreak of foot and mouth disease in south China pig farms

A total of 8,382 pigs have been culled after a foot-and-mouth disease outbreak in south China's Guangdong Province, bordering Hong Kong, local animal husbandry and veterinary officials reported earlier this week.
Wednesday, March 3rd 2010 - 07:32 UTC
Ban Ki-moon calls for “creative solutions” from UN Decolonization Committee

Creative solutions are needed for the remaining Non self-governing territories if the United Nations is to fulfil its obligations in supporting the legitimate aspirations of the peoples of these territories, said UN Secretary General Ban Ki-moon on the opening of the 2010 session of the Special Committee of 24 on decolonization, G-24.
Wednesday, March 3rd 2010 - 06:39 UTC
Russian billionaire looses 53 million USD deposit on villa purchase

Russian billionaire Mikhail Prokhorov lost 53 million US dollars deposit on a 530 million USD villa in southern France after a court ruled Tuesday that he failed to complete the purchase.
Wednesday, March 3rd 2010 - 06:37 UTC
China dependent Australia raised interest rate 25 points to 4%

Australia's central bank raised interest rates on Tuesday for the fourth time since October, as it seeks to cool its growing economy. The increase, to 4% from 3.75%, was widely expected by economists.
Wednesday, March 3rd 2010 - 06:31 UTC
Canada leaves rates unchanged at 0.25% in spite of robust 5% growth

The Bank of Canada took its first steps Tuesday toward returning the country to more normal interest-rate levels by signalling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on “vigorous” consumer demand.
Wednesday, March 3rd 2010 - 06:23 UTC
Ford Motor becomes tops US sales ahead of GM and Toyota

Ford Motor overtook rival General Motors in US sales on Tuesday as Toyota faltered amid a series of mass recalls and a congressional investigation into its safety standards. Toyota reported an 8.7% drop in February US sales to 100,027 vehicles, while the overall industry was expected to perform significantly better than depressed year-ago levels.