International

• Wednesday, September 16th 2009 - 07:54 UTC

  Recession for “some time” to come predicts Bank of England

  

  Households and businesses will be hit by the recession for “some time” despite recent signs of growth, Bank of England Governor Mervyn King has warned. Mr King said the impact of dampened demand and soaring unemployment would linger long after the ailing UK economy began its slow recovery from the worst slump in almost 30 years.

• Wednesday, September 16th 2009 - 07:48 UTC

  Britain could be forced to bail out offshore tax havens

  

  Britain could be forced to bail out one or more of its offshore tax havens at huge cost, according to early drafts of a Treasury report, because the economic crisis has wrecked their finances, according to The Guardian from London.

• Wednesday, September 16th 2009 - 07:32 UTC

  Gibraltar promotes cruise tourism at the Seatrade Europe Conference

  

  The Gibraltar Port Authority is participating in the Seatrade Europe Conference and Exhibition, recognised as Europe’s leading meeting place for the cruise, ferry, river-cruise and super-yacht industries.

• Wednesday, September 16th 2009 - 06:59 UTC

  Britain, Spain and the sleeping giant Latin America

  

  UK Foreign Office Minister, Chris Bryant, addressed the Latin American Forum at Casa de America in Madrid on 14 September.

• Wednesday, September 16th 2009 - 06:51 UTC

  HMS Endurance to be replaced; crew could face disciplinary action

  

  British sailors could face court-martial action over HMS Endurance's near-sinking in the South Atlantic, reveals The Newscan. Royal Navy chiefs are carrying out a disciplinary probe after finishing an inquiry into the accident off Chile.

• Tuesday, September 15th 2009 - 12:02 UTC

  Bolivia invites Spanish companies to invest “as partners not as bosses”

  

  Bolivian President Evo Morales said companies that respect the law and don’t “conspire” against the government are welcome in his country. Bolivia needs investors and partners rather than “bosses,” Morales told a conference of business leaders and politicians in Madrid.

• Tuesday, September 15th 2009 - 11:53 UTC

  Signs of EU fragile recovery but job losses set to peak in coming quarters

  

  European Union (EU) governments should be braced for more job losses, officials in Brussels said Monday as they published forecasts pointing to a slow recovery in the 27-member bloc. Unemployment in the Euro-zone reached 9% in the second quarter and could reach 10% in the coming quarters.

• Tuesday, September 15th 2009 - 04:31 UTC

  French unions against military technology transfer to Brazil

  

  French unions are not pleased with the transfer of military technology to Brazil recently agreed between presidents Nicholas Sarkozy and Lula da Silva, according to press reports.

• Tuesday, September 15th 2009 - 04:01 UTC

  Britons’ collective value of wealth dropped 12% in 2008

  

  Britons saw the value of their wealth dive by 12% during 2008 on the back of steep house price falls and sliding equity markets, research showed yesterday. The collective wealth of all UK households dropped from £6.736 trillion at the end of 2007 to £5.921 trillion at the end of last year, according to Halifax.

• Tuesday, September 15th 2009 - 00:47 UTC

  Russia finances sale of tanks and missile to Chavez regime

  

  Russia has agreed to lend Venezuela over 2 billion US dollars to buy weapons, President Hugo Chavez has said. The credit will be used to purchase nearly 100 tanks and a series of anti-aircraft rocket systems from Russia.