International

• 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.

• Monday, February 8th 2010 - 04:56 UTC

  Climate change and higher levels of C02 making trees grow faster

  

  A new study on trees and climate change, the Proceedings of the National Academy of Sciences has found evidence that forests in the Eastern United States are growing faster than they have in the past 225 years.

• Monday, February 8th 2010 - 04:47 UTC

  Gibraltar celebrates 25th anniversary of frontier opening with Spain

  

  Gibraltar Chief Minister Peter Caruana declared that the Tripartite Forum (Gib., UK, Spain) must be consolidated as the vehicle for cross-border dialogue so that its existence is not dependent on a change of Government in either Spain or Gibraltar.

• Monday, February 8th 2010 - 02:11 UTC

  Australia to supply 60 billion USD of coal to China in 20-year period

  

  Australian company Resourcehouse Ltd. announced Saturday that it had struck a 60 billion US dollars, 20-year agreement to supply coal to China Power International Development Ltd., calling it Australia's biggest export contract.

• Monday, February 8th 2010 - 02:00 UTC

  Former IMF economist has UK in the same bag as Greece, Portugal and Spain

  

  Britain should be seen in the same category of countries as Greece, Portugal and Spain, who are facing severe debt problems, a leading economist has said. Ex-IMF chief economist Simon Johnson, also described the G7 group of leading economies as “fundamentally useless”.

• Monday, February 8th 2010 - 01:58 UTC

  Bank of England to continue buying corporate bonds but with Treasury bills

  

  The Bank of England will continue to buy up corporate bonds despite calling a halt to its Quantitative Easing programme, it has emerged. George Trefgarne from the Centre for Policy Studies highlighted the development in an interview with Sky's Jeff Randall Live programme.

• Saturday, February 6th 2010 - 01:58 UTC

  Falklands say oil development is to ensure sustainable economic future

  

  The Falkland Islands government said that hydrocarbons exploration is an important element to achieve a sustainable economic future for the Islands and quoted from British PM Gordon Brown New Year message when he said that there are “no doubts about UK sovereignty over the Falklands ” and the principle of self determination.

• Saturday, February 6th 2010 - 01:54 UTC

  Recession plunges record number of people into insolvency in 2009

  

  Britain's longest- and deepest-ever recession plunged a record number of people into insolvency last year, new figures show. A total of 134,142 people went bankrupt or took out an Individual Voluntary Arrangement (IVA) or Debt Relief Order during the year, according to the Insolvency Service.