International

Saturday, August 9th 2008 - 21:00 UTC
Georgia: In 'state of war' over South Ossetia

Russia and small, U.S.-allied Georgia headed toward a wider war Saturday as Russian tanks rumbled into the contested province of South Ossetia and Russian aircraft bombed a Georgian town, escalating a conflict that already has left hundreds dead.
Friday, August 8th 2008 - 21:00 UTC
Bank of England leaves interest rates on hold at 5%

The Bank of England decided on Thursday to keep interest rates on hold at 5% as it struggles to deal with a slowing economy and spiraling inflation. Many reports have shown the economy heading for a significant slowdown or even a recession.
Friday, August 8th 2008 - 21:00 UTC
Euro zone rates unchanged; forecast of “weak mid.2008”

The European Central Bank (ECB) has kept its interest rate benchmark unchanged at 4.25% amid signs of slowing economic growth. ECB President Jean-Claude Trichet said growth in the 15-nation bloc had been “particularly weak” in mid-2008.
Friday, August 8th 2008 - 21:00 UTC
Pacific species to invade colder Arctic: study

Marine animals known to inhabit the Pacific Ocean may flock to the waters of the Arctic as global warming increases water temperatures, a new study claims.
Friday, August 8th 2008 - 21:00 UTC
UK banks perform poorly and anticipate tougher times ahead

Royal Bank of Scotland (RBS) has posted a pre-tax loss of £691m during the first six months of 2008, the second-biggest loss in UK banking history.
Friday, August 8th 2008 - 21:00 UTC
Marsans Aerolineas stands on purchase order of 61 Airbus

Spain's Marsans is forging ahead with its purchase of 61 Airbus planes despite the looming sale of its subsidiary Aerolineas Argentinas, which was due to take around 40 of the aircraft, a spokesman for the travel firm said on Friday according to press reports from Spain.
Thursday, August 7th 2008 - 21:00 UTC
IMF predicts UK will breach fiscal rules and debt ceiling

The IMF predicted the UK would grow by 1.4% in 2008 and 1.1% in 2009, down from the 1.8% for 2008 and 1.7% for 2009 that it predicted in July.
Wednesday, August 6th 2008 - 21:00 UTC
Nigeria replaces Venezuela as US fourth oil supplier

Nigeria surpassed Venezuela as the fourth largest foreign supplier of crude oil to the United States for the first five months of 2008, the US Energy Information Administration said on Wednesday.
Tuesday, August 5th 2008 - 21:00 UTC
Europe largest bank suffers 28% fall in half year profits

Europe's largest bank HSBC has warned that conditions in financial markets are at their toughest “for several decades” after suffering a 28% fall in half-year profits. HSBC saw profits drop by 3.9 billion to 10.2 billion US dollars in the first six months of the year, as its North American arm made a 2.8 billion loss.
Tuesday, August 5th 2008 - 21:00 UTC
China says “no need for more aggressive control” of inflation

China policies in support of small and labor intensive enterprises are taking effect and there is “no need for more adjustment measures”, said on Monday a high ranking Chinese member of the Communist party.