International

Friday, November 14th 2008 - 20:00 UTC
Bush defends 60 years of free-market system success

US President George W Bush has admitted the financial system needs reforming, but insists the credit crunch was not a failure of the free-market system. Speaking Thursday in New York, Mr Bush said that while financial markets did need some new regulation and more transparency, free trade should not be restricted.
Friday, November 14th 2008 - 20:00 UTC
High unemployment and modest 2010 upturn, SAYS OECD

Economic activity is expected to fall by 0.9% in the United States in 2009, by 0.5% in the Euro area and by 0.1% in Japan as OECD countries enter a protracted slowdown, according to latest projections.
Friday, November 14th 2008 - 20:00 UTC
Euro zone officially in recession; first time since 1999

The Euro-zone has officially slipped into recession after EU figures showed that the economy shrank by 0.2% in the third quarter. This follows a 0.2% contraction in the 15-nation area in the previous quarter from April to June. Two quarters of negative growth define a technical recession.
Friday, November 14th 2008 - 20:00 UTC
Pre G20 summit positions sees Brown line up with Bush

British Prime Minister Gordon Brown has urged leaders of the G20 developed and emerging economies to resist calls for protectionism. Speaking in New York ahead of the weekend G 20 summit on the widening global financial crisis PM Brown said protectionism was “the road to ruin”.
Friday, November 14th 2008 - 20:00 UTC
UK postgraduate training for hundreds of Chileans

Foreign Secretary David Miliband and Chilean Foreign Minister Alejandro Foxley signed Friday in London a Memorandum of Understanding on Educational Scholarships, the first of its kind and which will help increase the number of Chilean students in the UK.
Thursday, November 13th 2008 - 20:00 UTC
Doha round trade deal “within grasp” says EU, US and G20

A deal on the Doha round of trade talks could be reached within weeks and a summit of industrial and emerging countries this weekend must send a clear signal to achieve this, the EU top trade official said.
Thursday, November 13th 2008 - 20:00 UTC
Gibraltar hosts Liberal MPs from 22 EU countries

The Bureau of the Alliance of Liberals and Democrats for Europe (ALDE) began this week a three day meeting in Gibraltar under the theme of “Gibraltar in the EU”.
Thursday, November 13th 2008 - 20:00 UTC
Wheat producing countries on alert over damaging fungus

A United Nations-backed conference of major wheat producing countries has concluded with a call for urgent international action prevent and control a dangerous fungus that can cause heavy damage to wheat crops and threatens food security.
Thursday, November 13th 2008 - 20:00 UTC
Former Falklands governor fined for insider trading

Former Governor of the Falkland Islands and a past British ambassador to Peru has been fined by the Financial Services Authority (FSA) for insider dealing in an AIM-listed mining company which he chaired, reports Thursday edition of The Times.
Thursday, November 13th 2008 - 20:00 UTC
British pound falls to weakest level against US dollar since 2002

The British pound has continued to fall against the US dollar, hitting its lowest rate in six and a half years against the US currency on fears of a deep recession.