International

Thursday, October 23rd 2008 - 20:00 UTC
PM Brown admits the “r-word” is round the corner

Prime Minister Gordon Brown finally admitted that Britain is likely to suffer a recession - hours after a similar warning from the Bank of England sent the value of the pound plunging to a five-year low.
Thursday, October 23rd 2008 - 20:00 UTC
Brazilian football super star Pelé joins the cruise industry

On June 28, 2009, the flagship of the Costa fleet will sail the first cruise dedicated to “O' Rey”, the King of world football Pelé. He will be joined by some of Europe's best footballers of the 20th century, presidents of football federations, confederations and clubs, plus great Brazilian performers like Toquinho and Alexandre Pires.
Wednesday, October 22nd 2008 - 20:00 UTC
UN preparing map of underground fresh water resources

The United Nations Educational, Scientific and Cultural Organization UNESCO will publish the first-ever world map of underground aquifers, which account for some 96 per cent of global freshwater resources, the agency announced in a press release today.
Tuesday, October 21st 2008 - 20:00 UTC
Financial meltdown could increase jobless by 20 million

The global financial crisis could increase world unemployment by an estimated 20 million women and men, the Director-General of the International Labour Office (ILO) said on Monday.
Tuesday, October 21st 2008 - 20:00 UTC
Recession and job cuts hit China's toy industry province

The global economic slowdown is starting to impact on China, the world's biggest industrial production centre. As many as half of all toy manufacturers in the Pearl River Delta could go out of business within the next two years an industry expert said on Monday following the closure of the Smart Union toy factory.
Tuesday, October 21st 2008 - 20:00 UTC
Gibraltar opens new “shop window and face” in London

Chief Minister Peter Caruana proudly showed off Gibraltar's new plush modern London offices which will be known as “Gibraltar House”.
Tuesday, October 21st 2008 - 20:00 UTC
Copper falls below 2 USD benchmark; lowest in three years

Copper tumbled below 2 US dollars a pound for the first time since December 2005, having dropped 34% so far this year. Speculation that the world economy is headed for a recession, including slower growth in China, anticipates a weaker demand for metals.
Tuesday, October 21st 2008 - 20:00 UTC
New UK Minister for Europe reiterates support for Gibraltar

Caroline Flint, the new Minister for Europe at the Foreign Office, has reiterated the United Kingdom commitment not to enter into talks with Spain on Gibraltar's sovereignty, or any process of talks, against the wishes of the people of Gibraltar. The remarks came at the Gibraltar Day in London reception.
Tuesday, October 21st 2008 - 20:00 UTC
WTO reports leap in anti-dumping investigations

The number of investigations into the practice of dumping, or exporting a product at an unfairly low price, surged in the first half of this year, the World Trade Organization (WTO) reported this week.
Tuesday, October 21st 2008 - 20:00 UTC
UK public sector debt back to 1997 level: almost half of GDP

The takeover of Northern Rock has helped push the United Kingdom's public sector debt to almost half of gross domestic product (GDP) in the last year, just off highs seen over a decade ago when Labour came to power.