International

Sunday, October 26th 2008 - 20:00 UTC
PM Brown: UK 'prepared for economic storm'

Britain is “better prepared” than other countries to weather the global economic storm, Gordon Brown has insisted despite the UK recording its worst economic performance for 18 years.
Sunday, October 26th 2008 - 20:00 UTC
Israel's Livni scraps coalition effort, wants early elections

Unable to form a new coalition government, Kadima Party leader Tzipi Livni said Sunday she has asked Israeli President Shimon Peres to hold early general elections.
Sunday, October 26th 2008 - 20:00 UTC
Asia/Europe summit call for reform and greater IMF role

Asian and European leaders have called for comprehensive reform of the global financial system. Ending a summit in Beijing, they also urged the International Monetary Fund (IMF) to play a greater role in helping countries hit by the market turmoil. UN chief Ban Ki-moon called for action to help affected developing nations.
Saturday, October 25th 2008 - 20:00 UTC
Asia-Europe concert efforts for coming financial summit

Asian and European leaders called for a concerted effort to weather a financial crisis that originated from the United States and has now spread globally as the 7th Asia-Europe meeting opened on Friday.
Saturday, October 25th 2008 - 20:00 UTC
Falling oil market ignores OPEC production cut

Crude prices plunged Friday despite a hefty OPEC cut in production as recession fears gripped global markets in panic, heightening concerns about declining energy demand. New York's main contract, light sweet crude for December delivery, tumbled to 64.15 USD a barrel, down 3.69 from its close Thursday.
Saturday, October 25th 2008 - 20:00 UTC
Global crisis: East Asian nations pledge 80 billion USD

East Asian nations have pledged to set up an 80 billion US dollars swap scheme by mid-2009 to help protect the region from financial turmoil. The move by the 10-member Association of Southeast Asian Nations (Asean) is backed by South Korea, China and Japan.
Saturday, October 25th 2008 - 20:00 UTC
IMF Emergency financing mechanism has 200 billion USD

The International Monetary Fund, which has announced its readiness to act in support of nations hit by fallout from the global financial turmoil, is holding talks with several countries about possible new lending programs. According to an official release IMF has 200 billion US dollars ready for loans.
Friday, October 24th 2008 - 20:00 UTC
EU-Asia summit in Beijing in spite of award to dissident

In spite of strong lobbying from Beijing the European Parliament prestigious Sakharov Prize for Freedom of Thought was awarded to a Chinese human rights activist and political dissident.
Friday, October 24th 2008 - 20:00 UTC
Five years on, the EU and Cuba formally restore ties

The European Union and Cuba have formally restored ties five years after the EU imposed diplomatic sanctions on the island following mass arrests of dissidents.
Friday, October 24th 2008 - 20:00 UTC
Call for leadership and partnership on United Nations Day

As the world contends with numerous crises, ranging from food insecurity and climate change to financial uncertainty and the development challenge, leadership and partnership are more important than ever to tackle today's most pressing issues, Secretary-General Ban Ki-moon said in a message marking United Nations Day.