International

Monday, February 9th 2009 - 20:00 UTC
Ring-fencing jobs for unemployed locals rages in UK

UK Business Secretary Lord Mandelson has warned against calls to ring-fence jobs for UK citizens after comments by a Northern Ireland minister. Stormont Environment Minister Sammy Wilson caused controversy when he argued that the local unemployed should get jobs ahead of migrant workers. But Peter Mandelson - a former Northern Ireland Secretary - warned against such demands.
Monday, February 9th 2009 - 20:00 UTC
PM Brown tells banks “penalties” for “irresponsible risks”

Prime Minister Gordon Brown has insisted that there must be “no rewards for failure” in Britain's banks. His comments came as the UK Treasury launched a long-term review of City remuneration policies, amid public anger at reports that banks are planning to pay hundreds of millions in bonuses to senior staff despite their massive losses over the last year.
Monday, February 9th 2009 - 20:00 UTC
Germany changes economic helmsman in the middle of storm

Karl-Theodor zu Guttenberg is to become Germany's new economy minister, following the surprise resignation of his predecessor Michael Glos. Mr Zu Guttenberg has been proposed by his party, the Bavarian-based Christian Social Union (CSU), and his appointment is due to be a formality. At 37-years-old, he will become the youngest ever person to fill the role.
Monday, February 9th 2009 - 20:00 UTC
OPEC calls for full compliance with agreed supply cuts

The oil cartel OPEC is willing to cut crude output further at a meeting in March, the group's secretary-general said on Monday in London. But he also underlined he would like to see full compliance of members with existing curbs first.
Monday, February 9th 2009 - 20:00 UTC
WTO debate to assess protectionism and trade barriers

World Trade Organisation (WTO) members met on Monday to assess how far the financial crisis has encouraged protectionism. Diplomats representing rich and poor countries discussed WTO Director-General Pascal Lamy's January report showing countries had ignored the Group of 20 nations' plea in November against raising trade barriers.
Monday, February 9th 2009 - 20:00 UTC
Russia temporarily bans beef imports from several suppliers

Russia announced it was temporarily suspending beef imports from United States, Canada, Uruguay, Byelorussia and Ukraine because “banned noxious substances” had been detected in some shipments.
Sunday, February 8th 2009 - 20:00 UTC
56-year-old becomes 1st woman to swim Atlantic

Jennifer Figge pressed her toes into the Caribbean sand, exhilarated and exhausted as she touched land this week for the first time in almost a month.
Sunday, February 8th 2009 - 20:00 UTC
Tories deny any possibility of Scottish independence

United Kingdom Conservative leader David Cameron has said he would do everything in his power to prevent Scottish independence if he becomes Prime Minister. Mr Cameron's assertion comes days after his party backed the SNP's (Scottish National Party) budget north of the border.
Sunday, February 8th 2009 - 20:00 UTC
UK warning: another freezing night and icy Monday forecasted

Forecasters warned more snow is on the way to Great Britain and the Government widened the search for foreign road salt and one council started using table salt to grit its roads.
Sunday, February 8th 2009 - 20:00 UTC
Warning to British “nationalized” banks on bonus rewards

British Chancellor Alistair Darling has told RBS (Royal Bank of Scotland) failure should not be rewarded with huge bonuses, but says he cannot rule out pay-outs for some staff.