International

• Tuesday, March 24th 2009 - 05:30 UTC

  Monaco prime property averaged 55.000 Euros per sq. meter in 2008

  

  Monaco has the most expensive prime property in the world, costing an average of 55.000 Euros per square metre in 2008 for the best properties. But the prices for prime properties throughout the world are coming under pressure from the credit crunch, according to the latest Knight Frank Prime International Residential Index.

• Monday, March 23rd 2009 - 13:30 UTC

  UK auto industry calls for “scarappage scheme”

  

  British Business Secretary Lord Mandelson said that UK motor companies will survive “if they take the right decisions” despite another huge monthly fall in car production. Official figures showed the number of cars made in the UK last month fell 59% compared with February 2008, while commercial vehicle production slumped by 71.6%.

• Monday, March 23rd 2009 - 13:29 UTC

  Airlines mishandled 42 million bags in 2007, says consumer watchdog

  

  Airlines mishandled 42 million bags worldwide in 2007 compared to 30 million in 2005 according to the Air Transport Users Council. The consumer watchdog for the airline industry recalled that airlines primary duty to passengers is to put into place systems that will mean they mishandle as few bags as possible.

• Monday, March 23rd 2009 - 08:31 UTC

  Cristina/PM Brown’s meeting to discuss Falklands’ impacts UK press

  

  The coming Friday meeting in Chile of Argentina’s President Cristina Fernandez de Kirchner with Prime Minister Gordon Brown allegedly to address the Falkland Islands sovereignty dispute has had headlines’ impact in Britain.

• Saturday, March 21st 2009 - 09:08 UTC

  G-20 members agree on banking regulation and loans to IMF

  

  G-20 nations have agreed to develop principles to regulate the banking sector and to make 100 billion US dollars in loans available to the International Monetary Fund to support the developing world according to British government sources.

• Friday, March 20th 2009 - 10:11 UTC

  IMF calls on G20 to bolster demand and more concerted policies

  

  Despite major stimulus packages announced by advanced economies and several emerging markets, trade volumes have shrunk rapidly, while production and employment data suggest that global activity continues to contract in the first quarter of 2009, the IMF said in a new assessment of the global economy.

• Friday, March 20th 2009 - 06:58 UTC

  Uruguayan president travels to China to boost trade and investment

  

  Uruguayan president Tabare Vazquez together with several ministers and a delegation of 70 businessmen left Friday for an official state visit to China. The party arrives Saturday in Beijing but the official program begins Monday when President Vazquez will be received by this Chinese counterpart Hu Jintao.

• Friday, March 20th 2009 - 06:57 UTC

  UN blames surging food prices on large-scale speculation

  

  Both the surging food prices from 2007 to 2008 and their subsequent drop in some areas are a result of large-scale speculation by financial investors, according to a new report by the United Nations trade body, which called for greater regulation to protect millions of poor people worldwide.

• Thursday, March 19th 2009 - 16:34 UTC

  UN pushes for ratification of global pact outlawing cluster bombs

  

  The pace of the ratification of a global pact outlawing cluster bombs must be accelerated to relegate the deadly weapons “to the pages of history,” Deputy Secretary-General Asha-Rose Migiro said Wednesday.

• Thursday, March 19th 2009 - 16:30 UTC

  World Bank forecasts China to expand 6.5% in 2009

  

  The World Bank estimates China's gross domestic product for 2009 will be 6.5%, falling short of China's own prediction of 8% growth for the year. Still, the World Bank says China's economy is holding up relatively well and it sees plenty of room for the government to implement effective stimulus measures.