
World leaders must strike a grand bargain to deal with the economic downturn, British Prime Minister Gordon Brown said on Wednesday. He called for more cooperation on banking reform and fiscal stimulus packages as he outlined his hopes for the G20 summit of world leaders in London in April.

The global financial crisis could provide entrepreneurial opportunities for budding information and communication technology (ICT) businesses, which in turn can power economic recovery, according to a new United Nations report.

Britain's former head of intelligence, MI5 head Dame Stella Rimington has claimed the Government had exploited people's fear of terrorism to restrict civil liberties. In an outspoken interview she said ministers risked handing a victory to terrorists by making people live in fear and under a police state.

New releases from the United Nations Environment Programme (UNEP) this week show two sides of the human effect on climate change, with a report revealing hastened degradation of the earth's largest forest zone and the Danish city of Copenhagen becoming the 100th member of a climate-friendly network.

The United Kingdom Health Protection Agency has confirmed the first case of the human form of mad cow disease in a patient with haemophilia. A post-mortem showed the man, who was over 70 and had received plasma products before rules were introduced to limit contagion, died infected. However he died of other causes and had not shown any symptoms, the HPA said.

The International Monetary Fund (IMF) has warned that global recovery efforts are being undermined by the presence of toxic assets on banks' balance sheets. IMF managing director Dominique Strauss-Kahn said in an interview to French radio France-Inter that this undercuts stimulus efforts by various governments.

A smaller-than-expected drop in inflation has failed to ease fears that the UK could soon be in the grip of deflation. The UK Office for National Statistics (ONS) data revealed a fall in the Consumer Prices Index (CPI) to 3% in January from 3.1% in December, which was far lower than experts had predicted.

Belgium opened a new 20 million Euro zero emissions polar science station in Antarctica on Sunday, returning to the continent to study climate change 42 years after closing its first base there.

A 14.000 square km ice block, almost the area of the Falkland Islands (12.173 sq. km.), has broken off Antarctica's Wilkins Ice Shelf and fragmented into smaller icebergs reported on Tuesday the Spanish National Research Council, CSIC.

Billionaire financier and cricket entrepreneur Sir Allen Stanford has been charged by US regulators over an alleged multi-billion dollar fraud. The Securities and Exchange Commission (SEC) filed a complaint in a Dallas Court against Sir Allen and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme.