International

• Monday, June 15th 2009 - 13:16 UTC

  Nobel Prize praises PM Gordon Brown for intelligent economic policies

  

  The UK is in the best shape out of all the economies in Europe, according to Paul Krugman, who won the 2008 Nobel Prize for economics. He said that the UK's economic policies had been “pretty good” and called them “intelligent”.

• Monday, June 15th 2009 - 13:12 UTC

  With four million unemployed, no room for immigrants

  

  “The Spanish economy can’t take any more migrant labour” said Spanish Labour Minister Celestino Corbacho in an interview with one of Madrid’s main Sunday newspapers.

• Monday, June 15th 2009 - 12:54 UTC

  World economy must remain in Intensive Care, says G8

  

  The world's largest economies are beginning to stabilise but still face major risks amid an ongoing global recession, according to G8 finance ministers. At a meeting in Italy of G8 nations, the ministers said stock markets were rising, interest rates more stable, and consumer confidence was returning.

• Monday, June 15th 2009 - 12:47 UTC

  Airbus calls for prudence on the cause of Flight 447 accident

  

  European manufacturer of Airbus aircrafts cautioned against speculations about the causes of the Flight 447 accident this month in the Atlantic Ocean and strongly defended the safety record of the A330.

• Saturday, June 13th 2009 - 05:47 UTC

  Brazil considers G8 is no longer a valid political decision group

  

  “G 8 is over as a political decision group” since “it represents nothing at all” and it’s not a valid instrument to address the reform of the global financial system, said Brazil’s Foreign Affairs minister Celso Amorim during a seminar in Paris on Mercosur.

• Saturday, June 13th 2009 - 05:44 UTC

  China, Japan caution about Rio Tinto/BHP Billiton tie-up

  

  Australia's resource minister has dismissed threats of sanctions from China against its two largest mining firms Rio Tinto and BHP Billiton.

• Saturday, June 13th 2009 - 05:41 UTC

  “Black boxes” are obsolete technology says air safety pioneer

  

  Whether the black boxes from Air France flight 447 are found or not, the crash has shown that new technology is needed to record a flight's last moments in real-time, an aviation expert argues.

• Friday, June 12th 2009 - 18:15 UTC

  Clearing the Amazon for cattle and soy a “boom-bust cycle”

  

  Cutting down Amazon forest for cattle and soy does not bring long-term economic progress, researchers say. A study of 286 Amazon municipalities found that deforestation brought quick benefits that were soon reversed.

• Friday, June 12th 2009 - 18:04 UTC

  A/H1N1 flu: Ban Ki-moon cautions against “rash and discriminatory” actions

  

  United Nations Secretary-General Ban Ki-moon cautioned on Thursday against undue alarm while stressing the need for preparedness, as the United Nations health agency announced that the world is experiencing an influenza pandemic caused by the new A(H1N1) virus.

• Friday, June 12th 2009 - 18:02 UTC

  Bleak prospects for poor countries with global contraction of 3%

  

  The world economy is set to contract this year by more than previously estimated, and poor countries will continue to be hit hard by multiple waves of economic stress, said World Bank Group President Robert B. Zoellick.