International

Wednesday, September 24th 2008 - 21:00 UTC
World Maritime Day celebrates 60 anniversary of IMO

In the 21st century where communications are instantaneous, 90 per cent of world trade still reaches its destination via the commercial shipping industry, which has been shaped over the last six decades by the practices and standards set by the United Nations International Maritime Organization (IMO).
Tuesday, September 23rd 2008 - 21:00 UTC
World markets results tied to outcome of US bail out plan

Shares in Asia opened on Tuesday lower amid uncertainty about the impact of the massive US financial bail-out plan. The falls followed a sharp slide in the US, where the Bush administration has been discussing the 700 billion rescue plan with Congress.
Tuesday, September 23rd 2008 - 21:00 UTC
New ultra-deepwater drill-ship can reach depth of 40.000 feet

Noble Corporation confirmed its subsidiary, Noble Drilling Holding LLC, has signed contracts for the construction of a new, dynamically positioned, ultra-deepwater, harsh environment Globetrotter class drill-ship with South Korea's STX Heavy Industries and Dutch-based design and construction firm Huisman Equipment.
Tuesday, September 23rd 2008 - 21:00 UTC
“This is no time for a novice”, plain PM Brown message

Prime Minister Gordon Brown has staked his claim to be the only man to steer Britain through tough economic times saying: “This is no time for a novice.”
Tuesday, September 23rd 2008 - 21:00 UTC
UK recognition of migrant children's rights hails UNICEF

The United Nations Children's Fund (UNICEF) applauded this week the decision by the British Government to grant children seeking asylum, migrant children and those trafficked into the country the same rights as British children, including their right to education, health care and social services.
Monday, September 22nd 2008 - 21:00 UTC
Wall Street purge: Mitsubishi buys stake in Morgan Stanley

Japanese banking giant Mitsubishi UFJ Financial Group announced Monday it will buy a stake in troubled Wall Street investment bank Morgan Stanley. The firm said the stake will account for 10% to 20% of Morgan Stanley's common shares.
Monday, September 22nd 2008 - 21:00 UTC
PM Brown admits mistakes but “I have the experience”

Gordon Brown has admitted he had made mistakes as Britain's Prime Minister and promised: “I will do better”. In an interview ahead of the crucial conference speech on which his future as Prime Minister may depend, Mr Brown insisted he remained the right man to shepherd Britain's economy through global financial turmoil.
Monday, September 22nd 2008 - 21:00 UTC
Germany partly blames US and UK for financial turmoil

German chancellor Angela Merkel said that the United States and British governments are partly responsible for the current international financial crisis for having supported markets' resistance to be submitted to voluntary regulations.
Monday, September 22nd 2008 - 21:00 UTC
Growing concern over soaring Asia-Pacific migration impact

A United Nations-supported meeting opening Monday in Bangkok is closely looking at the impact of migration in Asia and the Pacific – where the number of international migrants has skyrocketed from 28 million to 53 million in just under half a century – on socio-economic development in the region.
Monday, September 22nd 2008 - 21:00 UTC
Jittery markets hike oil price which settles at 120 US dollars

Reflecting uncertainties about the US government 700 billion US dollars bail out plan and its consequences on the US dollar, oil prices on Monday jumped briefly 25 US dollars before falling back to 120.97 US dollars a barrel