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London
British Prime Minister Gordon Brown proposed a "Copenhagen Launch Fund" to help poorer countries tackle climate change immediately, as part of a global climate agreement to be reached in Copenhagen in December, the prime minister's office announced on Friday. Brown said he was optimistic that developed countries would support the measure of 10 billion U.S. dollars. Half of the funding would go towards helping developing countries reduce greenhouse gases. The other half would help developing countries to adapt to climate change, with priority for the poorest and most vulnerable. According to the prime minister, the British government would contribute 800 million pounds in total over three years, which has already been budgeted for.
Q6: Which of the following statements is true about British Prime Minister’s proposal?
Toronto
Real Gross Domestic Product, GDP, of Canada, increased 0.1% in the third quarter, the first quarterly gain since the third quarter of 2008, according to Statistics Canada on Monday. Domestic demand, including consumer spending, housing, government spending and even business investment performed better than the previous quarter. Final domestic demand advanced 1.2% as capital investment and personal expenditures both increased. Real GDP was up 0.4% in September, as most major industrial sectors increased their production, according to Statistics Canada.
Q7: At what percentage did real GDP of Canada increase in the third quarter of the year?
Dubai
Confidence of Western investors across the Gulf has been shaken by the Dubai government's shock decision to ask creditor banks for six-month delay on its massive debt repayments on Thursday. Western investors turned to the oil-exporting Gulf region for help during the global financial crisis. But now European stock markets dropped sharply on the news, with European exchanges particularly hard hit. The U.S. markets were closed for the Thanksgiving holiday and the dollar edged up from 14-year lows as renewed risk aversion prompted investors to shed riskier assets. However, a Dubai's senior official said the suspension of payments on Dubai World was carefully planned and done in full knowledge of how the markets would react.
Q8: What did the Dubai government decide to do on Thursday?
