International

• Wednesday, May 20th 2009 - 14:37 UTC

  Worst of global crisis over, but early recovery unlikely, says Krugman

  

  Nobel Prize laureate Paul Krugman said Tuesday in Korea the worst phase of the global economic crisis is over but massive lingering debts make any early recovery unlikely.
  “I share the optimism that the worst is maybe over” said Krugman in a speech to an international finance forum in Seoul.

• Wednesday, May 20th 2009 - 07:32 UTC

  European cruise industry cautiously optimistic

  

  The cruise industry in Europe will grow in 2009, but at a slower pace than in the past three years due to the economic crisis, the European Cruise Council (ECC) predicts, reports Travel Weekly.co.uk.

• Wednesday, May 20th 2009 - 03:21 UTC

  Influenza vaccine manufacturers committed to supply poor countries

  

  World Health Organization (WHO) Director-General Dr Margaret Chan and United Nations Secretary-General Ban Ki-moon met on Tuesday with over 30 vaccine manufacturers from developing and developed countries at WHO headquarters in Geneva.

• Wednesday, May 20th 2009 - 02:42 UTC

  UK annual consumer inflation down to 2.3% in April

  

  The British annual consumer prices inflation was 2.3% in the year to April, down from 2.9% in the year to March, falling closer to the 2% target set by the government which most commentators had been expecting as utility bills were cut to reflect falling oil prices.

• Wednesday, May 20th 2009 - 02:36 UTC

  First time in 300 years: House of Commons speaker forced to stand down

  

  The first House of Commons Speaker to be effectively forced out of office in 300 years took place Tuesday when Michael Martin told MPs he intends to stand down. In a brief statement to a packed House of Commons he said he would step down on 21 June, with his successor set to be elected by MPs the next day.

• Tuesday, May 19th 2009 - 14:02 UTC

  British economist blames financial sector for current optimistic forecasts

  

  Behind the idea that the current economic crisis will be over by 2010 are the interests of the financial sector that are trying their most to avoid a greater regulation of markets claims British Professor Robert Wade.

• Monday, May 18th 2009 - 11:02 UTC

  IMF head forecasts global economy recovery at end of 2009

  

  The turnaround in the global economic slowdown could come in October or November this year, but an economic recovery depends on many factors and isn't likely to start for another year, the head of the International Monetary Fund, Dominique Strauss-Khan, warned Friday.

• Monday, May 18th 2009 - 08:37 UTC

  Crucial WHO assembly to decide on A/H1N1 flu vaccine production

  

  The spread of swine flu and possible vaccine production dominate the agenda of the World Health Organization assembly which begins Monday in Geneva until May 22.

• Sunday, May 17th 2009 - 12:51 UTC

  Labour voters support equals that of UK Independent Party, 17%

  

  The ruling Labour slumped to be neck and neck with the United Kingdom Independence Party in a poll as voters looked set to punish mainstream parties over the expenses scandal at the ballot box next month.

• Sunday, May 17th 2009 - 12:45 UTC

  UK to complain Spanish Navy incursion in Gibraltar’s territorial waters

  

  Britain will formally complain to Spain about the recent incursion by a Spanish Navy patrol boat into Gibraltar's territorial waters. The fisheries protection vessel 'Tarifa' entered British waters and deployed a small speedboat to carry out checks on Spanish fishermen off the east side of the Rock, reports The Gibraltar Chronicle.