International

Friday, November 7th 2008 - 20:00 UTC
UK historic Worcester & Spode has gone into administration

An historic British china manufacturer: Midlands-based Royal Worcester & Spode Ltd, which dates back to 1751, employs 388 people in the UK at sites in Stoke-on-Trent, Lymedale and Worcester has gone into administration.
Thursday, November 6th 2008 - 20:00 UTC
Spain's Antarctic season 08/09 takes off in Punta Arenas

On Friday the Spanish Navy oceanographic vessel Las Palmas calls in Punta Arenas to officially begin Spain's Antarctic 2008/09 season. The vessel left from Cartagena last October 8 for the twelfth Antarctic season incursion and will be operating from Punta Arenas.
Thursday, November 6th 2008 - 20:00 UTC
UNCTAD calls for better accounting and reporting standards

The head of the United Nations Conference on Trade and Development (UNCTAD) called for revising accounting and reporting standards to boost investor confidence amid the current global financial crisis, which he warned is spreading like a “pandemic.”
Thursday, November 6th 2008 - 20:00 UTC
Gibraltar: UK complains Spanish military restrictions

Great Britain has again brought up with Madrid the question on military restrictions imposed by Spain around Gibraltar, reports the Gibraltar Chronicle.
Thursday, November 6th 2008 - 20:00 UTC
Unemployment in Spain soars to 12 year high, 11.3%

The number of unemployed people in Spain in October reached a 12-year high of 11.3%, according to the Labour Ministry, the highest level in Europe.
Thursday, November 6th 2008 - 20:00 UTC
PM Brown tells banks lower rates must benefit consumers

The Bank of England slashed interest rates to a 53-year low in a dramatic attempt to rescue the UK economy from deep recession. The 1.5 percentage points cut by the Bank's Monetary Policy Committee (MPC) on Thursday is the biggest single move since March 1981 and brings rates to levels not seen since 1955.
Thursday, November 6th 2008 - 20:00 UTC
ECB admits further rate cuts; claims of “too little, too late”

The European Central Bank cut interest rates by 50 basis points to 3.25% on Thursday and signalled another reduction was possible next month, as inflation pressures ease and the Euro zone faces its first recession.
Thursday, November 6th 2008 - 20:00 UTC
IMF: support efforts “take time”; fiscal stimulus needed

The International Monetary Fund World Economic Outlook (WEO) says prospects for global growth have deteriorated over the past month and will slow from 5% in 2007 to 3.75% this year and just over 2% in 2009.
Wednesday, November 5th 2008 - 20:00 UTC
Dramatic drop in maritime transport of commodities, says UNCTAD

A United Nations report released Tuesday shows that international seaborne trade surged to record levels last year but has since declined because of the financial crisis, jeopardizing the health of many developing countries, especially those that depend on commodities.
Wednesday, November 5th 2008 - 20:00 UTC
Pascal Lamy wants a second term as head of WTO

The World Trade Organization's French director-general Pascal Lamy will seek another four-year term heading the body that sets rules for global commerce.