Britannia Radio

US-China rivalry intensifies: Last year, it was fashionable to talk of an emerging “G2”. The US, the world’s largest economy, and China, its rising rival, would come together to resolve global problems—in particular, the international economic crisis wracking capitalism.

China urges U.S. to stop arms sales to Taiwan: This was China's sixth official warning over the issue in a week, as government officials denounced the U.S. move.

Exclusive: U.S. heads for record overseas arms sales in 2009: The United States is close to a new peak in government-to-government arms sales, poised to top last year's record $36.4 billion. Way back in second place was Russia with $3.3 billion or 7.8 percent of such agreements. France was third with $2.5 billion or 5.9 percent, the report said.

Chavez: Venezuela sent F-16 jets to intercept U.S. military plane: Venezuelan President Hugo Chavez said Friday that he had ordered F-16 jets to intercept a U.S. military plane that twice violated Venezuelan airspace earlier in the day.

Venezuela devalues currency: The government-set rates are an attempt to keep the cost of priority imports low in the face of an inflation rate of 25 per cent - the highest in Latin America.

China overtakes Germany as biggest exporter: China overtook Germany as the world's top exporter after December exports jumped 17.7 percent for their first increase in 14 months, data showed Sunday, in another sign of China's rise as a global economic force.

Simon Johnson: We're Setting Ourselves Up For A Big Catastrophe, 'Crisis Is Just Beginning' (VIDEO): Simon Johnson, the MIT professor and economist who's long been a strident critic of "too big to fail" institutions, appeared on CNBC this morning and predicted that the next phase of the financial crisis could be precipitated by banks exploiting emerging markets like China

US loses 85,000 jobs in December: The US economy lost 85,000 jobs in December, the Labor Department reported Friday, the same day new major layoffs were announced by UPS and Lockheed Martin.