The World Bank says India and China are not what they are pumped up to be. The Bank has downsized the economies of the two Asian giants by nearly 40% under new metrics, which it says are more reliable and accurate than previous estimates
Earlier this week we published an article from the United Nations which expressed satisfaction with the recent Climate Change Conference in Bali, Indonesia. Basically the UN said that after the successful conclusion of the landmark conference in Bali, developed and developing countries alike must continue to build on the momentum generated by the meeting.
The Gibraltar Government has signed contracts for the purchase of a £3.4 million freehold property in London to house the Gibraltar Government Office.
The lead United Nations agency for information and communication technology (ICT) announced Tuesday the first set of global standards for providing television services over the Internet, a move that is expected to fuel innovation and competition in an emerging field.
The European Central Bank has allocated 348.7 billion Euros, (502 billion US dollars) to banks at a below-market rate in a refinancing move to ease tightened credit markets.
Australia urged Japanese whalers and environmental activists heading for a showdown in the Southern Ocean to act with restraint, warning deaths could occur if anything went wrong.
The European Union (EU) Council of Fisheries Ministers began negotiations this week that would determine fisheries TAC and quotas for next year.
Time magazine named President Vladimir Putin its person of the year Wednesday, in recognition of the Russian leader's role in making Moscow a critical linchpin of the 21st century.
European Union fisheries ministers decided Wednesday in Brussels to allow fishermen to catch more threatened fish like cod in 2008 against the recommendations of scientists and environmentalists.
Royal Fleet Auxiliary ship Gold Rover has been involved in the urgent re-supply of drugs and medical stores to the isolated volcanic island of Tristan Da Cunha after having been earlier re-tasked from her maritime Security and support duties in the Atlantic to provide assistance.