International

Wednesday, October 21st 2009 - 10:28 UTC
Bank of England governor attacks banking industry failure to reform

Bank of England Governor Mervyn King has launched an attack on the banking industry's failure to reform despite “breathtaking” levels of taxpayer support. The Governor warned the public would be paying for the financial crisis “for a generation”.
Wednesday, October 21st 2009 - 06:24 UTC
Gibraltar rapidly complying with G20 criteria on offshore business

British leading finance figures from the City of London met on Monday at the historic Drapers Hall to hear Chief Minister Peter Caruana’s message who said Gibraltar was fully committed and on time to meet the criteria being sent by G20 countries for offshore centres to continue in business centred on financial issues related to offshore centres and meeting the G20 criteria.
Wednesday, October 21st 2009 - 05:50 UTC
UK underlines strong ties with the Rock on Gibraltar Day

British Minister for Europe Chris Bryant commented on the strong ties that exist between the UK and Gibraltar during the Gibraltar Day reception in the Guildhall of the City of London on Monday October 19th.
Tuesday, October 20th 2009 - 11:51 UTC
New 2009 high for oil while US dollar keeps sliding

The price of oil has reached a new high for 2009, continuing its recent rise on the back of the weak US dollar and strong US company results. US crude settled up $1.08 at $79.61 in New York trading.
Tuesday, October 20th 2009 - 07:48 UTC
Gorbachov blasts Russian electoral system as a “joke”

Mijail Gorbachov, the last Soviet president launched on Monday the strongest attack yet on Russian democracy saying that elections are a “joke” and the whole system is flawed.
Tuesday, October 20th 2009 - 07:35 UTC
Chinese economy performing better than expected

The Chinese economy grew above 7% in the first nine months of the year and is poised to surpass the 8% expansion target for this year, according to a top official from the financial sector speaking in Beijing.
Monday, October 19th 2009 - 12:31 UTC
Gibraltar/Spain implementing practical aspects of “normal cooperation”

A “hotline” between Gibraltar and Algeciras, Spain, for emergencies, the opening of a Cervantes Institute and cooperation in other fields were some of the results of the Forum for Dialogue on Gibraltar which met last Friday in the Foreign Office in London.
Saturday, October 17th 2009 - 10:32 UTC
FIFA orders disciplinary investigation into Maradona’s comments

FIFA president Joseph Blatter announced Friday from Cairo that the disciplinary committee of the world organization would open a case on Argentine coach Diego Maradona’s comments following the qualifier victory over Uruguay last Wednesday.
Saturday, October 17th 2009 - 10:27 UTC
US criticizes China’s Yuan “rigidity” and reserves accumulation

The US Treasury has criticised China for what it described as the lack of flexibility of the Chinese currency, the Yuan. It also criticised the rapid build-up of China's foreign exchange reserves in a report to the US Congress.
Saturday, October 17th 2009 - 10:26 UTC
UK Revenue looking into tax affaire of 27 Members of Parliament

The tax affairs of 27 British Members of Parliament are being investigated following inspections of their taxpayer-funded expenses payouts, it has emerged. It follows a warning from the head of HM Revenue and Customs Dave Hartnett in July that politicians would be placed under increased scrutiny in the wake of the exposure of their claims.