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Montevideo, July 26th 2026 - 18:20 UTC

International

  • Monday, August 10th 2009 - 11:31 UTC

    Don’t forget UK troops in Falklands, says Conservative MP

    Thanet North representative Roger Gale made a visit in mid winter (when the worst snowfall in 20 years), but was impressed by the morale of the forces.

    United Kingdom Defence chiefs should not let the war in Afghanistan distract them from the needs of other British soldiers around the world such as the Falkland Islands, warns a Tory MP.

  • Monday, August 10th 2009 - 11:25 UTC

    Lloyds Banking Group considering how to limit government stake

    The bank already 43% government owned could see that share increase to 60%

    The UK part-nationalised Lloyds Banking Group may raise billions of pounds from shareholders to reduce its reliance on the taxpayer, it has been reported. The bank - which is 43% state-owned - is considering the move to avoid the £16 billion cost of placing billions in toxic debts into a taxpayer-backed insurance scheme, the Sunday Times reports.

  • Monday, August 10th 2009 - 11:02 UTC

    Bidders have no plans to close plants or drop the Vauxhall brand

    General Motors bankruptcy has sent shockwaves to Germany’s Opel and UK Vauxhall

    One of the last two bidders in the running to buy Britain’s Vauxhall car maker has said it has no plans to close its two UK plants or drop the brand. Belgian investment group RHJ International is vying with Canadian firm Magna International to buy the European arm of ailing General Motors, which owns Germany's Opel as well as Vauxhall.

  • Saturday, August 8th 2009 - 13:35 UTC

    UK reasserts authority over Gibraltar’s waters

    Spain considers Gibraltar territorial waters as part of its responsibilities

    Defra, the United Kingdom’s Department for Environment, Food and Rural Affairs, has reasserted UK’s authority over Gibraltar waters and objects to Spain’s designation. The statement of position comes as the Foreign Office is expected to announce its position in relation to Gibraltar’s lawsuit against the European Commission in this respect.

  • Friday, August 7th 2009 - 11:41 UTC

    Jobs outlook in China remains “very grave” warn officials

    Millions of migrant workers returning from the farms have failed to secure work in the cities and protests have erupted in some areas.

    China's job outlook remains “very grave” and could deteriorate further, a senior official has said. The government is under “enormous pressure” to create jobs, said Wang Yadong at the Ministry of Human Resources and Social Security

  • Friday, August 7th 2009 - 11:34 UTC

    German icon of auto industry sees few signs of lasting recovery

    BMW vehicles sold during the second quarter dropped 18% and revenue was down 10.9%.

    Germanys’ carmaker BMW has said it sees few signs of a lasting economic recovery after it reported profits down by three-quarters for the April to June period. Net profit was 121 million Euros, down 76% from a year ago, with car sales down by nearly a fifth.

  • Friday, August 7th 2009 - 07:02 UTC

    ECB says recession is “bottoming out” and predicts positive growth in 2010

    Trichet warned about volatility stemming from renewed increases in oil and commodities, protectionism and disorderly correction of global imbalances.

    The European Central Bank (ECB) has said on Thursday it expects to see growth returning to the global economy next year as it kept interest rates on hold at 1%. However economic activity is likely to remain weak this year.

  • Friday, August 7th 2009 - 03:38 UTC

    Bank of England pumps an additional £ 50 billion to the economy

    Quantitative easing expansion since the UK recession “appears to have been deeper than previously thought” and “lending to business has fallen”.

    The Bank of England’s Monetary Policy Committee decided on Thursday to maintain the official bank rate paid on commercial bank reserves at 0.5% and voted to boost the money supply with an additional £ 50 billion to £ 175 billion to aid the flagging UK economy. The announced program is expected to take another three months to be completed.

  • Friday, August 7th 2009 - 03:36 UTC

    Great Train Robber Biggs released on “compassionate grounds”

    Biggs, who turns 80 this weekend, is severely ill in hospital with pneumonia

    Britain’s Great Train Robber Ronnie Biggs was granted on Thursday release from his prison sentence on compassionate grounds. Justice Secretary Jack Straw said the decision was based on medical evidence that Biggs's condition had deteriorated and he was not expected to recover.

  • Friday, August 7th 2009 - 03:19 UTC

    Thousands at the funeral procession of the last WW I British veteran

    The coffin was carried into the cathedral by soldiers of 1st Battalion The Rifles, with two soldiers from Belgium, France and Germany as pall-bearers

    Thousands of people have lined the streets to watch the funeral procession of the last British veteran of the First World War trenches. Harry Patch, 111, the Last Tommy, who did not want a state funeral, was honoured at a service at Wells Cathedral, Somerset.