International

Wednesday, October 15th 2008 - 20:00 UTC
UK September inflation peaks at 16 year high, 5.2%

UK inflation hit a 16-year high of 5.2% in September, with energy bills behind much of the rise, figures have shown. The Consumer Prices Index (CPI) measure was up from 4.7% in August.
Wednesday, October 15th 2008 - 20:00 UTC
Marx “Das Kapital” sales soar among young Germans

Sales of Kart Marx's “Das Capital” have soared in Germany as a consequence of the financial crisis reported on Tuesday editor Jrn Schtrumpf from the newspaper “Neue Ruhr/Rhein Zeitung” (NRZ).
Wednesday, October 15th 2008 - 20:00 UTC
Cost of world crisis: 2% world GDP say Commerce Chambers

The current financial crisis could exact a toll on the world's gross domestic product, an international business group in Belgium said.
Wednesday, October 15th 2008 - 20:00 UTC
Krugman: no return to Marx but to Franklin Roosevelt

Paul Krugman, who won this year's Nobel Prize for economics, told CNBC that the Treasury Department's move to inject banks with 250 billion US dollars is better than the original bailout plan.
Wednesday, October 15th 2008 - 20:00 UTC
Nobel praise for PM Brown financial rescue plan

In an article titled “Gordon does Good” published Monday in the New York Times the Princeton University scholar lavished praise on Brown for his timely action against the ongoing financial turmoil.
Wednesday, October 15th 2008 - 20:00 UTC
Captain of ship wrecked on Gibraltar cliffs, free on bail

Gibraltar Police arrested the captain and two officers of the cargo ship Fedra, which ran aground on the sheer cliffs of Europa Point last Friday in extreme weather, reports the Gibraltar Chronicle.
Wednesday, October 15th 2008 - 20:00 UTC
IMO agrees guidelines to contain shipping emissions

The United Nations International Maritime Organization, IMO has reported major progress on efforts to cut polluting and global warming emissions from ships, achieve more environmentally friendly recycling of vessels and prevent contamination from harmful organisms in ballast.
Wednesday, October 15th 2008 - 20:00 UTC
Oil prices drops to 74.40 USD,lowest in over twelve months

Oil prices fell sharply on Wednesday as investors and officials said the global financial crisis could slash demand for energy. The price of crude oil for future delivery dropped more than 4 USD or more than 5%, to 74.50 USD a barrel during trading in New York.
Tuesday, October 14th 2008 - 20:00 UTC
Japan's Nikkei joins other Asian markets strong rebound

Financial markets in Asia have risen sharply, with Japan's Nikkei gaining 10% in early trading Tuesday, and Sydney up 5%. The gains came after Wall Street shares rocketed 11% on Monday as investors welcomed fresh moves to deal with the worldwide financial crisis. Japan was closed Monday because of a national holiday.
Tuesday, October 14th 2008 - 20:00 UTC
Soros: market fundamentalism out, serious recession in

British-Hungarian financier and philanthropist George Soros warned in an interview with Budapest's Nepszabadsag newspaper that it is too early to say if markets will stabilize after last week's panic and described the current situation as the crisis of a lifetime.