International

Monday, February 16th 2009 - 20:00 UTC
UN enthusiastic about greening funds in stimulus plans

Investing one-third of the roughly 2.5 trillion US dollars planned stimulus funds in “greening” the global economy will give a large boost to efforts to lift the world out of recession, according to a new United Nations Environment Programme (UNEP) released Monday.
Monday, February 16th 2009 - 20:00 UTC
UK financial watchdog admits “risk assessment” errors

The head of Britain's Financial Services Authority (FSA) has admitted that the watchdog did not focus enough on the excessive risks being taken by banks.
Saturday, February 14th 2009 - 20:00 UTC
Spain faces worst recession in half a century

Spain's economy shrank by the most in more than 15 years in the fourth quarter in what may become the worst recession in half a century pushing the unemployment rate to the highest in Europe.
Saturday, February 14th 2009 - 20:00 UTC
Record applicants for 38 jobs in BAS research stations

The British Antarctic Survey (BAS) has offered some 38 jobs in five of its research stations on the world's coldest continent, Antarctica. The BAS advertisement invites plumbers, carpenters, electricians and chefs to fill its vacant spots for a period of 4 to 18 months, MailOnline reported.
Saturday, February 14th 2009 - 20:00 UTC
Significant drop in visitors to Antarctica this season

The International Association of Antarctica Tour Operators or IAATO has reported that the number of tourists visiting Antarctica is projected to drop significantly in the 2008/09 season according to a report from Outside Online
Saturday, February 14th 2009 - 20:00 UTC
Lloyds Banking Group pre-tax losses stun UK markets

Shares in UK's Lloyds Banking Group, the company formed after its merger with HBOS, have tumbled after it said HBOS losses would be worse than expected.
Saturday, February 14th 2009 - 20:00 UTC
KBR-Halliburton reaches agreement in overseas bribery case

Kellog, Brown & Root, KBR, the engineering, construction, and services company, and its former parent, Halliburton, have agreed to pay a combined 579 million US dollars to settle US criminal and civil allegations that KBR bribed Nigerian government officials to obtain contracts.
Saturday, February 14th 2009 - 20:00 UTC
G7 pledge to work together and warn against protectionism

The Group of Seven industrialized nations meeting in Italy are pledging to work together to revive the global economy, while warning against protectionist measures.
Friday, February 13th 2009 - 20:00 UTC
Euro zone industrial production plunges 12% in December

European industrial production dropped the most on record in December, pointing to a deepening economic slump in the fourth quarter. Output in the Euro region fell 12% from the year- earlier month after an 8.4% decline in November, the European Union's statistics office in Luxembourg said on Thursday
Thursday, February 12th 2009 - 20:00 UTC
PM Brown questioned over links with contested bankers

British Prime Minister Gordon Brown is under pressure over his links with former HBOS chief Sir James Crosby, who quit earlier as deputy head of the Financial Services Authority.