International

Thursday, September 10th 2009 - 11:26 UTC
UNCTAD joins the “replace the US dollar” debate

The United Nations has stepped into the debate on the future of the US Dollar, mainly that it be replaced as the world's reserve currency. The idea has been floating for some time in world capitals, such as Beijing, Moscow, Tehran and Brasilia but is the first time the world organisation openly takes position.
Thursday, September 10th 2009 - 05:03 UTC
Greenspan predicts another financial crisis “but different”

The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. “The crisis will happen again but it will be different,” he told BBC Two's The Love of Money series.
Thursday, September 10th 2009 - 04:54 UTC
Russian T-72 tanks for Venezuela; submarines and choppers could follow

Russia and Venezuela are expected to sign a contract on the delivery of at least 100 main battle tanks worth about 500 million US dollars to the Latin American country, a Russian defence industry source said on Wednesday according to Russian news agency Novosti.
Wednesday, September 9th 2009 - 11:09 UTC
Uruguayan presidential candidates criticize Iran’s policy towards Israel

The four Uruguayan presidential candidates coincided in criticizing Iran’s position regarding the state of Israel and favoured including in the schools programs teaching the Shoa or Holocaust.
Wednesday, September 9th 2009 - 10:36 UTC
Tories promise to end Labour’s “gravy train” and cut Parliament expenses

Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.
Wednesday, September 9th 2009 - 10:17 UTC
Austerity budget ahead for Britain, anticipates Chancellor Darling

The Government will not flinch from the “hard choices on public spending” needed to bring Britain's national deficit back down after the country emerges from recession, Chancellor Alistair Darling has pledged.
Wednesday, September 9th 2009 - 02:28 UTC
How did Easter Island statues obtain their red hats?

Archaeologists believe they have solved one ancient mystery surrounding the famous Easter Island statues. At 2,500 miles off the coast of Chile, the island is one of the world's most remote places inhabited by people.
Wednesday, September 9th 2009 - 00:20 UTC
Latinamerica turns to Europe, Russia and China for military hardware

Brazil's plans to buy French fighter jets confirms a trend across Latinamerica that is based in recent history and the proclivity of US lawmakers to put political restrictions on what customers can and cannot do with their purchases.
Wednesday, September 9th 2009 - 00:18 UTC
Gold price breaks through the symbolic 1.000 US dollars mark

Continuing worries about the stability of the global economy and the rally seen in equity markets continued to spark investment in gold on Tuesday with the price breaking through the symbolic 1,000 US dollars mark and touching a new high for 2009.
Tuesday, September 8th 2009 - 13:00 UTC
US increases arms sales and share of world market in 2008

United States not only increased its arms sales by nearly 50% last year but its share of world weapons sales also rose to more than two-thirds despite the global economic downturn, a newspaper reported Monday.