International

• Monday, February 2nd 2009 - 20:00 UTC

  Millions of migrant rural workers in China are jobless

  

  An estimated 20 million Chinese migrant workers that left impoverished rural areas for jobs in the booming cities workshops are now unemployed as a direct consequence of the world crisis, admitted a high official from the ruling Communist party in Beijing.

• Monday, February 2nd 2009 - 20:00 UTC

  Wreckage of 18th century legendary HMS Victory found

  

  A shipwreck believed to contain more than a billion dollars of gold has been discovered at the bottom of the English Channel. HMS Victory, the legendary British warship which was the predecessor to Lord Nelson's Victory, sank during a storm in 1744, taking more than 1,000 sailors to their deaths

• Saturday, January 31st 2009 - 20:00 UTC

  UK: 'Nationalise private schools' plans

  

  The Government could nationalise private schools hit by the recession by turning them into state-funded academies, it has been reported.

• Friday, January 30th 2009 - 20:00 UTC

  Norway investment fund drops “non ethical” corporations

  

  Norway's state investment fund has blacklisted US firm Textron, owner of top plane-maker Cessna, and Canadian mining firm Barrick Gold. The fund, an ethical investor, sold shares in the firms because Textron makes cluster bombs and because of environmental concerns about Barrick.

• Friday, January 30th 2009 - 20:00 UTC

  Rio Tinto sells mining assets in Argentina and Brazil

  

  Anglo-Australian Rio Tinto Group is selling mining assets in Argentina, Brazil and Canada to Brazilian competitor Vale Doce for 1.6 billion US dollars in an attempt to reduce its 39 billion debt load y 10 billion. The group also admitted it was considering a big equity issue.

• Friday, January 30th 2009 - 20:00 UTC

  Unemployment in EU: 18 million and another 3.5 m by 2010

  

  Unemployment in the Euro zone countries climbed to 8% in December, the highest in over two and a half years, with the total number of jobless reaching 12.472 million in the Euro zone and 17.911 million in all the 27 EU member states according to a Eurostat study released on Friday

• Friday, January 30th 2009 - 20:00 UTC

  Ban Ki-moon urges Davos leader to forge “”Green New Deal”

  Secretary-General Ban Ki-moon called on the world's business and other leaders to use the current economic crisis to launch a global “Green New Deal” that creates jobs and fights climate change by investing in renewable energy and technological development.

• Friday, January 30th 2009 - 20:00 UTC

  Bankers at Davos call for a review of financial rules

  The chairman of one of the world's leading banks headquartered in London, HSBC, Stephen Green has said that the current financial rules must be “fundamentally revised” as they had deepened the financial crisis.

• Thursday, January 29th 2009 - 20:00 UTC

  Unemployment reveals impact of crisis on real economy

  

  The global economic crisis is expected to lead to a dramatic increase in the number of people joining the ranks of the unemployed, working poor and those in vulnerable employment, the International Labour Office (ILO) said in its annual Global Employment Trends report released on Thursday.

• Thursday, January 29th 2009 - 20:00 UTC

  Davos: China admits crisis; Russia cuts defence outlays

  

  China admitted the global financial crisis has had “a rather big impact” on its economy and Russia warned of over relying on the US dollar as a reserve currency, at the major World Economic Forum meeting in Davos, Switzerland.