
Latinamerica is hopeful that an increase in trade with China and investments from the Asian giant will help compensate lost business with the United States and the European Union because of the global crisis.

There are signs the British economy may already have started a recovery, according to economist David Miles. He is due to join the Bank of England's rate-setting body next June.

Annual growth in China's GDP slowed in the first quarter of 2009 to 6.1%, said the National Bureau of Statistics. This is the weakest growth since quarterly records began in 1992, but some analysts see signs of a recovery, reports BBC.

The head of the International Monetary Fund, Dominique Strauss-Kahn, said Thursday that 2009 is essentially a lost year for the world economy, with millions of people at risk of being thrown back into poverty.

Flights between Gibraltar and Spanish capital Madrid will be resumed later this month (April 30th) according to Andalus General Director Fernando Guerrero, who made the announcement this week at a presentation by the regional airline in the Campo Mancomunidad, in Algeciras.

French fishermen suspended their blockade at three English Channel ports Thursday, allowing ferry traffic and freight to move through after two days of disruption, union leaders said.

Ferry operator P&O has cancelled all Dover to Calais crossings due to a blockade by French fishing boats. The blockade at the port of Calais is also causing motorway disruption in Kent, police have said.

British Prime Minister Gordon Brown has written to the UK’s offshore tax havens – including Gibraltar – warning them to meet international transparency standards within six months or face sanctions, reports the Gibraltar Chronicle.

Despite its pragmatic origin, ambiguous nature and transitory design, a unique piece of legislation has guided US-Taiwan relations for longer than many ever anticipated. By Vincent Wei-cheng Wang*

François Chiappe, the fearsome Corsican capo-mafia who inspired the famous film The French Connection in 1971 died in a geriatric home in the Argentine province of Cordoba last February, according to reports in the Sunday press.