International

Friday, September 11th 2009 - 10:30 UTC
China boosts train industry with 42 new high-speed railway lines

China has announced plans to build 42 new high-speed railway lines over the next three years. In a breakthrough, China has developed trains that can run on both high-speed and normal lines, said railway official Zhang Shuguang.
Friday, September 11th 2009 - 08:16 UTC
Oil price climbs on expectations of global economic recovery

Oil prices closed Thursday above 72 US dollars a barrel following the meeting of the producers' cartel OPEC on Wednesday and the International Energy Agency forecast of stronger demand as the global economy recovers.
Friday, September 11th 2009 - 08:13 UTC
Bank of England leaves rates and quantitative easing unchanged

The Bank of England held the United Kingdom’s base rate at 0.5% Thursday, marking the sixth consecutive month of record low rates. The Bank's Monetary Policy Committee also made no changes to its quantitative easing policy.
Friday, September 11th 2009 - 07:59 UTC
Chavez claims Israel wants to exterminate Palestinians

Venezuelan President Hugo Chavez Friday told the Israeli people not to support their “genocidal” government that killed 1434 Palestinians, a third of them civilians, during the latest war on Gaza.
Friday, September 11th 2009 - 07:56 UTC
Canadian car parts manufacturer takes over GM German and UK operations

General Motors (GM) has announced that it has chosen the Canadian car parts manufacturer Magna to buy Opel and its sister company Vauxhall. The decision was welcomed by German Chancellor Angela Merkel, who said she was “very pleased” about it.
Friday, September 11th 2009 - 07:37 UTC
Venezuela announced nuclear energy cooperation program with Iran

Venezuela’s president Hugo Chavez revealed in an interview with the French daily Le Figaro that he has signed an agreement with his Iranian peer Mahmud Ahmadinejad to develop a nuclear program with the help of the Teheran regime.
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.