International

Thursday, February 26th 2009 - 23:00 UTC
UK scheme to unload banks' toxic assets and recover confidence

The United Kingdom Treasury has launched a taxpayer-backed scheme to insure banks' riskiest assets against further losses. The scheme aims to clean up banks' balance sheets and to encourage them to lend more freely.
Thursday, February 26th 2009 - 23:00 UTC
UK banks and regulators point fingers to political sector

The chairman of United Kingdom's Financial Services Authority has said its failure to spot the banking crisis in advance was partly due to the style of regulation. A “light touch” approach at the City watchdog had been seen as politically preferred, Lord Turner said.
Wednesday, February 25th 2009 - 23:00 UTC
Gibraltar “nothing to fear” from tougher EU controls

As European Union leaders met over the weekend in Berlin ahead of the G20 summit in April, Gibraltar Chief Minister Peter Caruana has welcomed the call for a tightening of regulatory standards, transparency and co-operation of financial markets on a global basis.
Wednesday, February 25th 2009 - 23:00 UTC
Success of Polar Year confirms worst climate change fears

Scientists and policymakers marked the official end of the International Polar Year (IPY) Wednesday at the World Meteorological Organization in Geneva. The 60-country, 1.2 billion US dollars effort has seen knowledge about the poles - and their influence on the rest of the planet - increase hugely.
Wednesday, February 25th 2009 - 20:00 UTC
UK Jan car production plummets 58.7% over a year ago

United Kingdom car production for January fell 58.7% against the same month the previous year, latest figures show. A total of 61,404 cars were manufactured in January 2009, the Society of Motor Manufacturers and Traders said.
Tuesday, February 24th 2009 - 20:00 UTC
Madrid makes formal protest over royal visit to Gibraltar

Spain has complained officially to Britain over next week's visit of Princess Anne to Gibraltar, labelling it as “inopportune” reported Tuesday the Gibraltar Chronicle. The Princess Royal is due to open a medical centre named after her but which Spain says is particularly sensitive to them because it is on “the disputed isthmus”.
Tuesday, February 24th 2009 - 20:00 UTC
World Bank downgrades Latam 2009 growth to 0.3%

Latinamerican growth will plunge strongly this year to 0.3% forecasted Pamela Cox, World Bank vice-president for Latinamerica and the Caribbean. Last September the WB forecast was 2.7%, in January it was down to 1% and now 0.3%.
Monday, February 23rd 2009 - 20:00 UTC
European leaders agree to regulate all financial markets

European leaders in Berlin have agreed on the need to regulate all financial markets including hedge funds and underlined that a global solution was needed to the current financial crisis.
Monday, February 23rd 2009 - 20:00 UTC
Canadian Coast Guard rescues crew from sunken Spanish trawler

A Canadian Coast Guard vessel rescued on Sunday 22 fishermen from the frigid waters off Newfoundland on Sunday after the Spanish trawler Monte Galineiro caught fire and later sank.
Sunday, February 22nd 2009 - 20:00 UTC
PM Gordon Brown to hold US talks with Pte. Barak Obama

Gordon Brown has won his first coveted meeting with Barack Obama as president of the United States, it was announced.