The gallant Gurkha veterans of Nepal won on Monday their long court battle for the right to settle in Britain. Lawyers for the men who fought alongside British troops in battles over 200 years including the Falkland Islands in 1982 hailed the ruling.
The lower house of the US Congress voted down on Monday the 700 billion US dollars package aimed at bailing out Wall Street. Democrat presidential candidate Barak Obama on the trail campaign called for calm and said he expected Congress to pass a bail-out bill in some form.
Britain's opposition Conservatives unveiled in the Birmingham party conference their plan to tackle the financial crisis, accusing Prime Minister Gordon Brown of presiding over a debt-fuelled boom that has turned to bust.
The United States Food and Drug Administration (FDA) is alerting consumers that seven Mr. Brown instant coffee and milk tea products are being recalled by the Taiwanese company, King Car Food Industrial Co. Ltd., due to possible contamination with melamine. King Car Food Industrial Co. used a non-dairy creamer manufactured by Shandong Duqing Inc., China, which was found to be contaminated with melamine.
Spanish bank Santander is on the brink of taking over the £20bn savings business of troubled bank Bradford & Bingley, the BBC has learned. Treasury officials and bankers are putting the final touches to a deal, says BBC business editor Robert Peston.
Given the ongoing crisis in China over melamine-contaminated powdered food which has hospitalized nearly 13,000 children, United Nations agencies urged countries to ensure the safe feeding of infants and to be on alert for the possible spread of tainted dairy products.
Gibraltar Chief Minister Peter Caruana exchanged greetings with Prime Minister Gordon Brown at the Labour conference this week just moments after Minister for Europe Jim Murphy reiterated the UK Government pledge to Gibraltarians on sovereignty.
China is pursuing a path of peaceful development, building its military strength only to protect its sovereignty and territorial integrity, the General Assembly's high-level debate was told on Wednesday.
Europe does not need a US-style bail-out of banks, but must introduce stricter financial supervision, a top EU official has said. Economy commissioner Joaquin Almunia said mimicking the 700 billion US plan to unfreeze credit markets was unnecessary because the situation was less acute.
Americans must support a massive bail-out of financial markets to ease a serious financial crisis, US President George W Bush said on Wednesday. The entire economy was in danger, he said in a live TV speech, and failure to act now would cost more later.
He has invited presidential rivals John McCain and Barack Obama to the White House on Thursday to discuss the 700 billion US dollars rescue package.
The rivals have disagreed on delaying a TV debate over the economic turmoil.