The Organization of Petroleum Exporting Countries, OPEC plans to boost its oil production target capacity by 5 million barrels a day by 2012, the organization's secretary-general said Tuesday in Rome.
Singapore's GIC, one of the biggest sovereign wealth funds, warned on Monday the world could be facing its worst recession in 30 years and that financial markets would be highly volatile.
After months of secrecy and under pressure from Spain, Odyssey Marine Exploration has finally named the wreck from which it recovered a haul of valuable treasure last year operating from Gibraltar.
With oil prices surging over 110 US dollars a barrel and growing concerns over the environmental repercussions of the world's spiraling energy demand, the dialogue between energy producing and consuming countries is more meaningful than ever, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA).
Chilean international Juan Lorca will return to Colo Colo as Vitesse Arnhem can not afford to buy the player for the reported €2 millions (euros) that the Chilean club are asking. Lorca's one year loan deal has expired and although he would like to stay in Holland no other club has indicated their intention to sign him.
Britain's second largest bank, Royal Bank of Scotland, is to ask shareholders for about £10 billion of extra cash to improve its financial position, reports BBC.
The global surface (land and ocean surface) temperature was the second warmest on record for March in the 129-year record, 0.71Â° C above the 20th century mean of 12.7Â° C. The warmest March on record, 1.33Â° C occurred in 2002.
China overtook United States as the world's second exporter of goods in 2007, while Germany remains top of the ranking according to the latest data from the World Trade Organization, WYO.
A United Nations-backed group of over 400 scientists are calling for a radical change to the way the world grows food to better serve the poor and hungry and to protect the planet's resources.
China has spent a billion pounds buying a 1% stake in BP, the UK's largest company by market value. The investment was made by the State Administration of Foreign Exchange, a unit of the Central Bank managing 1.6 trillion US dollars in foreign exchange reserves.