A bitter diplomatic row has broken out on a tiny south Atlantic island and British dependency that played a key role in the Falkland Islands conflict 25 years ago, reported this week the Daily Telegraph.
A recession in United States does not seem likely but can't be discarded warned on Monday the InterAmerican Development Bank, IDB, emphasizing that the region's economic scenario in 2007 is closely linked to events in the world's leading economy.
As Europe approaches its fiftieth anniversary of the block's founding Treaty of Rome, 44% of citizens think life has got worse since their country joined the club, according to the latest public opinion poll released Sunday by the Financial Times.
China in 2006 consumed 15% of the world's energy to produce 5% of the global GDP, a situation described as unsustainable by Deputy Prime Minister Zeng Peiyan in an interview with China's daily.
Five of the world's leading producers of natural gas, Venezuela, Algiers, Qatar, Iran and Russia will be launching the gas OPEC during the next energy conference scheduled for April 9 in Doha according to a report from the Russian newspaper Kommersant, quoting Arab diplomatic sources.
China's Yuan climbed to the strongest since a fixed exchange rate was scrapped in 2005 on speculation China's central bank will seek a stronger currency to slow the economy, after raising interest rates.
Former U.S. Federal Reserve chairman Alan Greenspan said on Thursday that there is not yet any evidence that the slowing US housing market has negatively impacted on the wider economy.
The recently released summary of the fourth report of the UN's Intergovernmental Panel on Climate Change (IPCC) wasn't pleasant reading. Temperature will rise 3.2 to 7.8 degrees Fahrenheit by 2100; sea levels could rise 7 to 23 inches, and perhaps an additional 4 to 8 inches if melting of the Greenland ice sheet and Antarctica's Larsen ice shelf continue at current rates; it's likely that the strong hurricanes experienced since 1970 have been produced by global warming; and more drought and severe storms will occur. This global warming is very likely (meaning with 90 percent certainty) caused by human activity and will continue long into the future no matter what steps are taken.
If this official verdict on climate change seems bad enough, the real story could be far
China's People Congress (NPC) by a surprising majority approved this week landmark legislation increasing private property rights following years of debate inside the Chinese Communist Party. At the end of the day only 90 of the 2.978 deputies voted against the law.
China confirmed plans to create an investment company to improve returns on its foreign currency reserves of one trillion US dollars which are the world's largest.