International News

• London 2012 Olympics volunteer roles open to the public

  9/19/2010
  
  Volunteers can now apply for a once-in-a-lifetime opportunity to work for the London 2012 Olympic Games.
  
  Olympics organisers will recruit up to 70,000 general volunteers in what they say is the UK's biggest post-war volunteer recruitment campaign.
  
  Roles available to volunteers will range from ticket inspectors to uniform distributors.
  
  Volunteers can ap..

• Chinese banks profits rise on stimulus boost

  8/29/2010
  
  Two of China's biggest banks have reported big increases in profits for the first half of the year.
  
  Industrial & Commercial Bank of China, currently the world's biggest bank, said net profits totalled 84.6bn yuan ($12.4bn; £8bn), up 27% on last year.
  
  
  
  
  
  
  
  
  
  
  
  
  State-owned Bank of China als..

• UK industrial production hit by oil work

  8/9/2010
  
  A big fall in oil and gas extraction contributed to a surprise fall in UK industrial output in June.
  
  The decline in oil and gas extraction was due to maintenance work being carried out in June, rather than in August when it is normally done.
  
  Industrial production fell 0.5% from May, the Office for National Statistics said, but was up 1.3% on the year.
  
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• South Africa festival paves way for Brazil 'festa'

  7/14/2010
  
  The sound of the vuvuzelas are still lingering in the air and an atmosphere of togetherness and celebration continues to reign in South Africa, all thanks to a FIFA World Cup™ that has left an indelible mark on the country and its people. Meanwhile, on the other side of the Atlantic, anticipation is already building for what is sure to be an equally joyous and unforgettable 2014 final..

• G20 summit agrees on deficit cuts by 2013

  6/28/2010
  
  Leaders at the G20 summit in Canada have agreed to cut national budget deficits while endeavouring to promote economic growth.
  
  Host Stephen Harper, the Canadian prime minister, said that despite these cuts, short-term economic stimulus measures would still be needed.
  
  Correspondents note that every major G20 country had already committed to halve deficits within thr..

• Dubai World agrees debt deal with key banks

  6/2/2010
  
  Dubai World, the state-owned investment vehicle, says it has reached an agreement "in principle" with most of its bank lenders to restructure debt worth $23.5bn (£16.4bn).
  
  It added it would be left with debts of $14.4bn after the restructuring.
  
  But the deal must still be approved by other banks that were not involved in the negotiations.
  
  

• Europe seeks new levy on banks to create crisis funds

  5/27/2010
  
  A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said.
  
  Michel Barnier said such funds would provide part of a broader system aimed at preventing future financial crises.
  
  Banks would be required to pay a levy into the funds which would not be used to bail out failing ba..

• World Expo 2010 -- Chinese-Americans build picture bond with visitors

  5/5/2010
  
  A special exhibit entitled "The Chinese in America - We are Family" is on display at World Expo 2010's USA Pavilion, featuring more than 10,000 photos of Americans of Chinese descent.
  
  The Committee of 100, which created the exhibit displayed on a video wall, has rallied vast numbers of Chinese-Americans to submit their photos online to reflect their pride in their her..

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