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International News

RMB, is joining the Special Drawing Right currency basket.
The International Monetary Fund (IMF) on Monday announced that the Chinese currency...
London 2012 Olympics volunteer roles open to the public
Volunteers can now apply for a once-in-a-lifetime opportunity to work for the London 2012 Olympic Games...
Chinese banks profits rise on stimulus boost
Two of China's biggest banks have reported big increases in profits for the first half of the year....
UK industrial production hit by oil work
A big fall in oil and gas extraction contributed to a surprise fall in UK industrial output in June...
South Africa festival paves way for Brazil 'festa'
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 th
G20 summit agrees on deficit cuts by 2013
Leaders at the G20 summit in Canada have agreed to cut national budget deficits while endeavouring to promote economic growth...
Dubai World agrees debt deal with key banks
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)....
Europe seeks new levy on banks to create crisis funds
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....
World Expo 2010 -- Chinese-Americans build picture bond with visitors
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...
China shares slump after state restricts home loans
Leading Chinese shares have slumped after the government pushed through measures designed to rein in booming house prices...
Dubai World gets $9.5bn government backing
The Dubai government has announced it will provide $9.5bn (£6.4bn) in funding to help its Dubai World investment vehicle to restructure its debt...
India to review economy stimulus
Stimulus measures introduced to boost the Indian economy during the downturn will be reviewed, the government said as it unveiled its annual budget...
Rich nations urged to provide $10bn in climate funds
Brazil, China, India and South Africa have urged wealthy nations to hand over $10bn (£6bn) pledged to poor nations in 2010 to fight climate change...
China targeting 8% growth in 2010
China has announced it is targeting economic growth of 8% in 2010, despite the continuing effects of the global downturn...
EU summit struggles to agree climate pledge
EU leaders have so far failed to agree how much aid the bloc will give to developing nations to tackle the effects of global warming...
Global warming science alarming, say climate experts
Three UK groups studying climate change have issued an unprecedented statement about the dangers of failing to cut emissions of greenhouse gases...
Oil rise 'could derail recovery'
The International Energy Agency (IEA) has warned that the recent rise in the price of oil "risks derailing the recovery" if it continues...
EU and South Korea in trade deal
The European Union and South Korea have signed a trade deal that could be worth up to 19bn euros ($28bn; £17bn) to European exporters...
UK rivers failing new EU standard
By Judith Burns Three-quarters of rivers in England and Wales fall below a new European environmental standard, according to a report from the Environment Agency...
China takes $850m commodity stake
China's sovereign wealth fund has bought a stake in a Hong Kong-based commodities trading firm...
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