Germany attacks UK ahead of the G20 meetingThis week, German finance minister Peer Steinbrueck launched an outspoken attack on the City of London, saying the financial lobby is 'doing its best' to block the introduction of stricter financial market regulations. 'There is clearly a lobby in London that wants to defend its competitive advantage tooth and nail,' Steinbrueck told Germany's Stern magazine. He singled out Britain's approach to hedge funds,…

UN calls for the dollar to be replaced The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War. In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible…

20% of the European Union will be Muslim by 2050 Twenty percent of the European Union will be Muslim by 2050, according to forecasts cited in a Telegraph report this week. The current figure, according to the article, sits at five percent, and will be pushed up due to immigration, and low birth rates among native Europeans. The article noted that the UK, Spain and Holland would hit the 20%…

British police promotes head scarves to improve community relations British police in Somerset is issuing head coverings to its female officers so they can enter mosques. The head coverings have so far been given to 15 officers, including Assistant Chief Constable Jackie Roberts. She said: "The scheme recognizes and respects the cultural and religious practices of our communities." If the British establishments is really sincere about building good relations with…