International Economic Events in May 2000

Standard Chartered Bank and ANZ Grindlays sign agreement for Stanchart to acquire the ANZ Grindlays Business in Middle East and South Asia and ANZ's international private banking business.

Cartegena Protocol on bio-safety - a UN agreement that will introduce new regulation for trade in genetically modified organisms-signed by 62 countries.

Germany to grant upto 20,000 five-year visas to specialists from outside the EU in bid to attract software talent.

U.S. Federal Reserve raises interest rates to stem inflation.

``Love Bug'' virus wrecks havoc on computer networks worldwide.