International

Tuesday, October 21st 2008 - 20:00 UTC
Crisis will get Obama elected forecasts Lula da Silva

Brazilian President Lula da Silva believes the ongoing financial crisis will lead to the election of Democrat Barack Obama as US president.
Monday, October 20th 2008 - 20:00 UTC
Dutch government with 13.4 billion USD stake in ING bank

The government of the Netherlands has said it will invest 13.4 billion US dollars in banking and insurance company ING Groep NV to boost its capital position.
Monday, October 20th 2008 - 20:00 UTC
Italy discovers containers of Chinese milk with melamine

Italy has discovered two containers of milk and one of yogurt containing melamine, the industrial chemical that contaminated milk powder in China and hospitalised thousands of babies, the Health Ministry announced Sunday.
Monday, October 20th 2008 - 20:00 UTC
IMF head investigated over sex scandal with employee

The International Monetary Fund is investigating allegations that its chief, Dominique Strauss-Kahn, had an improper relationship with a female employee. IMF lawyers have opened an independent probe into the charges, first reported Saturday by The Wall Street Journal.
Monday, October 20th 2008 - 20:00 UTC
UK unemployment forecasted 5% as recession advances

The United Kingdom is already in a recession which could last for three quarters and will see unemployment rising to 5%, according to the Ernst & Young ITEM club, reports the British press.
Monday, October 20th 2008 - 20:00 UTC
OECD demands UK enacts adequate anti-bribery laws

The OECD (Organization for Economic Cooperation and Development) Working Group on Bribery sharply criticised the United Kingdom's failure to bring its anti-bribery laws into line with its international obligations under the OECD Anti-Bribery Convention and urged the rapid introduction of new legislation.
Monday, October 20th 2008 - 20:00 UTC
IMF head publicly apologizes for “error of judgement”

International Monetary Fund Managing Director Dominique Strauss-Kahn on Monday publicly apologized for “an error of judgment” in an affair with a subordinate but denied he had abused his position.
Sunday, October 19th 2008 - 20:00 UTC
World summit between US and EU to fight cash crisis

The presidents of the US, France and the European Commission have unveiled plans for a series of summits to discuss the global financial crisis.
Sunday, October 19th 2008 - 20:00 UTC
Suspended death sentence for corrupt Beijing vice mayor

A former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a suspended death sentence for corruption, a court said Sunday, in a stern warning to wayward Communist officials.
Saturday, October 18th 2008 - 20:00 UTC
Tourism industry starting to suffer global crisis says UN

Global tourism is already feeling the effects of the financial crisis, slowing down over the northern summer this year, the United Nations tourism agency reports, warning that the industry could suffer a sharper downturn in the months ahead.