International

Tuesday, March 3rd 2009 - 23:00 UTC
Chinese auto maker could acquire Ford's Volvo brand

China's Geely is expected to submit a bid to acquire Ford's Sweden's Volvo brand in a bold attempt to expand internationally. There are at least three other possible bidders, one of which is also a Chinese company, according to one of the people.
Tuesday, March 3rd 2009 - 23:00 UTC
FAO tells fishing industry to prepare for climate change

The world fishing industry and government authorities must plan ahead to deal with the impact of climate change on fisheries worldwide, according to a new United Nations Food and Agriculture Organization, FAO report.
Tuesday, March 3rd 2009 - 23:00 UTC
Spain gateway for South American cocaine, says US report

Organised criminal networks have turned Spain into a major gateway into Europe for illegal shipments of cocaine and cannabis, according to the US State Department and published in the Gibraltar Chronicle.
Tuesday, March 3rd 2009 - 23:00 UTC
Standard Chartered bank reports 19% rise in profits

Standard Chartered bank, which focuses on Asia, Africa and the Middle East, has defied the gloom afflicting the sector by reporting a rise in profits. The bank said pre-tax profit for 2008 was $4.8bn (?3.4bn), up 19% compared with a year earlier. Standard Chartered said that it was on a “firm footing” for 2009.
Tuesday, March 3rd 2009 - 23:00 UTC
Number of unemployed in Spain stands at 3.5 million

The number of unemployed people in Spain jumped by 154,058 in February, as the deepening recession forced companies to lay off more workers. The total number of people out of work in Spain now stands at almost 3.5 million, official figures show.
Tuesday, March 3rd 2009 - 23:00 UTC
Offshore tax havens skim UK treasury of ? 4 billion says TUC

United Kingdom is losing at least ?4 billion a year through wealthy residents holding their money in offshore tax havens, claims a research from the TUC (Trade unions congress).
Monday, March 2nd 2009 - 23:00 UTC
Wall Street below 7.000 benchmark drags global markets

Markets have fallen worldwide, rattled by fears that turmoil in the financial sector is far from over. On Wall Street, the US Dow Jones index fell below 7,000 points for the first time since October 1997.
Monday, March 2nd 2009 - 23:00 UTC
British team treks to North Pole to measure ice sheet

British team has begun a gruelling trek to the North Pole to discover how quickly the Arctic sea-ice is melting.
Monday, March 2nd 2009 - 23:00 UTC
UN praises landmines milestone treaty, but “much work remains”

United Nations Secretary-General Ban Ki-moon has commended the tireless efforts undertaken over the past decade to rid the world of anti-personnel landmines, while stressing that much work remains to eliminate this global scourge.
Monday, March 2nd 2009 - 23:00 UTC
“Public opinion” court will not accept UK banker's pension

Sir Fred Goodwin will not get his ?650,000-plus pension even if he is legally entitled to it, Commons Leader Harriet Harman vowed in the strongest Government attack yet on the former banking chief.