The European Union said that member nations Cyprus and Malta are prepared to introduce the Euro next January first, which will bring to 15 the number of nations sharing the currency.
European Union farm ministers gave a fairly warm welcome this week to a blueprint for reforming agriculture policy, focusing on ideas for making countries spend more on rural development and planned subsidy ceilings for large farms.
The European Union trade commissioner warned that China needs to close the trade gap if it wants to prevent a backlash in Europe. Peter Mandelson said that China has become the EU largest trading partner and this status must make Beijing assume real responsibilities.
Resources giant BHP Billiton said Wednesday it still hoped rival Rio Tinto would warm to its uninvited takeover bid, despite opposition from customers who fear it will lead to a stranglehold on prices.
United Kingdom house prices fell at their fastest rate for more than 12 years during November, according to Nationwide Building Society. The average cost of a home in the UK dropped by 0.8% during the month, almost wiping out October's unexpected jump of 1.1%.
United States Trade Representative Susan C. Schwab announced Thursday that China has agreed to terminate subsidies that the US alleged were illegal under World Trade Organization (WTO) rules.
Days before a major international conference on climate change Brazil again insisted in its opposition to imposing targets on developing countries' carbon emissions arguing the main responsibility falls on developed nations.
The Royal Navy's newest and most powerful Type 45 destroyer Diamond was launched Tuesday from BAE's shipyard at Govan, on the Clyde, Scotland. Several thousand members of the public attended the launch, including over three thousand local school children.
One of the most highly anticipated new-builds of 2007 has inched closer to entering the ranks of British royalty. On Saturday, November 24, the 90,000-ton, 2,014-passenger Queen Victoria officially became part of the Cunard family in a handover ceremony at Venice's Fincantieri Marghera shipyard.
Warming seas, over-fishing and pollution mean it is vital to improve the system for monitoring the world's oceans, says a group of distinguished scientists. The researchers say more data is needed to ensure the world is able to respond effectively to any potential threats.