International

Monday, October 20th 2008 - 20:00 UTC
UK unemployment forecasted 5% as recession advances

The United Kingdom is already in a recession which could last for three quarters and will see unemployment rising to 5%, according to the Ernst & Young ITEM club, reports the British press.
Monday, October 20th 2008 - 20:00 UTC
OECD demands UK enacts adequate anti-bribery laws

The OECD (Organization for Economic Cooperation and Development) Working Group on Bribery sharply criticised the United Kingdom's failure to bring its anti-bribery laws into line with its international obligations under the OECD Anti-Bribery Convention and urged the rapid introduction of new legislation.
Monday, October 20th 2008 - 20:00 UTC
IMF head publicly apologizes for “error of judgement”

International Monetary Fund Managing Director Dominique Strauss-Kahn on Monday publicly apologized for “an error of judgment” in an affair with a subordinate but denied he had abused his position.
Sunday, October 19th 2008 - 20:00 UTC
World summit between US and EU to fight cash crisis

The presidents of the US, France and the European Commission have unveiled plans for a series of summits to discuss the global financial crisis.
Sunday, October 19th 2008 - 20:00 UTC
Suspended death sentence for corrupt Beijing vice mayor

A former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a suspended death sentence for corruption, a court said Sunday, in a stern warning to wayward Communist officials.
Saturday, October 18th 2008 - 20:00 UTC
Tourism industry starting to suffer global crisis says UN

Global tourism is already feeling the effects of the financial crisis, slowing down over the northern summer this year, the United Nations tourism agency reports, warning that the industry could suffer a sharper downturn in the months ahead.
Saturday, October 18th 2008 - 20:00 UTC
Interest for nuclear energy growing world wide

More than 50 countries have alerted the International Atomic Energy Agency (IAEA) that they are considering utilizing nuclear power, announced this week the head of the United Nations body.
Friday, October 17th 2008 - 20:00 UTC
Spain banks “strong and solvent”, no need for rescue plan

Spanish banks are strong and have solvency and do not need the government to take stakes in them, said Emilio Botin, the chairman of Spain's largest bank Santander.
Friday, October 17th 2008 - 20:00 UTC
Vital Voices Summit in Argentina honours Chile's Bachelet

More than 300 women, successful entrepreneurs, leaders in their workplace with fierce personalities, in smart business suits or colourful artisanal dresses from Latin American and Caribbean countries such as Peru, Panama, Jamaica, Honduras, Guatemala, Bolivia all exuberant, all very feminine were recently at a conference at the Hilton Hotel in Buenos Aires: Vital Voices of the Americas: Women as a Bridge to a More Prosperous Future Summit for Latin America and the Caribbean. Chilean President Michelle Bachelet and President Cristina Fernandez de Kirchner addressed this gathering of government leaders, community and NGO advocates, and leading businesswomen.
Friday, October 17th 2008 - 20:00 UTC
To ensure supply and price Asian steelers buy iron ore mines

A consortium of five Japanese steelmakers and a South Korean trading firm will invest 3.1 billion US dollars to acquire 40% of a Brazilian iron ore mining company Mineiros S.A. to secure supplies of iron ore, trading house Itochu Corp. announced Friday.