International

Friday, October 26th 2007 - 20:00 UTC
UK remains vulnerable to fallout from credit crunch

The United Kingdom remains vulnerable to further fallout from the recent credit crunch that has gripped world markets, a Bank of England report warns. BoE said British sub-prime borrowers could encounter problems obtaining credit because banks faced higher borrowing costs.
Friday, October 26th 2007 - 20:00 UTC
China rolls on at 11.5% soon to become third largest economy

China's booming economy has grown by 11.5 percent in the third quarter, slightly less that the 11.9% of the previous quarter. Beijing efforts to slow the rapid expansion. The continued growth has put China on track to surpass Germany as the world's third largest economy, by as early as December.
Friday, October 26th 2007 - 20:00 UTC
Stora-Enso is closing three paper mills and cutting 1.700 jobs

The Finnish-Swedish forest products group Stora Enso reported Thursday a third quarter loss and announced plans to cut production by closing mills in Finland and Sweden which will mean the loss of 1.700 jobs.
Thursday, October 25th 2007 - 20:00 UTC
EU reiterates commitment with conservation of oceans and seas

The president of the European Commission (EC), Jose Manuel Durao Barroso, has emphasised that the fight against environmental deterioration of the oceans and seas is an urgent matter and that Brussels will impose new measures in the case that the current policies are insufficient or inefficient.
Thursday, October 25th 2007 - 20:00 UTC
First commercial flight of A380 with 455 pax, a complete success

The world's largest jetliner made aviation history Thursday, completing its first commercial flight from Singapore to Sydney with 455 passengers, some of them ensconced in luxury suites and double beds.
Wednesday, October 24th 2007 - 20:00 UTC
China became last August world's leading exporter

China last August became the world's leading exporter overtaking Germany, according to information from the World Trade Organization. China's exports totaled 111.4 billion US dollars and the until that moment leader, 105.8 billion.
Tuesday, October 23rd 2007 - 20:00 UTC
London is Europe's top city for business and investors

For the second year running London is Europe's top city in terms of prospects for economic growth in an overall outlook for European property which is described as good despite the credit crisis, according to the ninth European regional Economic Growth Index released Tuesday by LaSalle Investment Management.
Tuesday, October 23rd 2007 - 20:00 UTC
EU “blue card” job program visa to attract skilled labor

The European Union's top immigration official on Tuesday launched EU's biggest global job advertising blitz, presenting plans to set up a US-style green card job program to lure highly skilled workers to fill ever-increasing gaps across the 27-country bloc.
Monday, October 22nd 2007 - 20:00 UTC
Prepare for Genesis cruise vessels with 5.400 pax

The cruise industry is booming and two huge new generation vessels with capacity for 5.400 passengers each are scheduled to be delivered in 2009 and 2010, ordered by Royal Caribbean Cruises Ltd, RCCL, reports Finland's Aker Yards.
Monday, October 22nd 2007 - 20:00 UTC
Slowdown for Ireland and Spain forecasts risk agency

Ireland and Spain face a prolonged slowdown in economic growth because of a drop in construction activity and consumer sentiment which have begun to have an impact on labor markets and weakens public finances according to the US risk ratings agency Standard & Poor's.