The Bank of England has raised interest rates from 5.5% to 5.75%, its fifth rate rise since last August and warned that inflation remains a danger, saying most indicators of pricing pressure remain elevated.
World Trade Organisation (WTO) chief Pascal Lamy said this week the Doha Round global trade talks risks heading into a deep freeze but could be saved if key countries made small concessions.
Increased demand for bio-fuels is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to a new report published by the Organization for Economic Cooperation and Development, OECD, and the United Nations' Food and Agriculture Organisation.
France and Spain remained the top destinations for visitors in 2006, the United Nations World Tourism Organization said in a new report.
A ban on smoking in public places has come into effect in England, spelling an end to drinkers having a cigarette with their pint in pubs, bars and clubs.
China's main stock exchange index dropped 2% Friday, making June the worst month since May 2005. Fears that the government might announce measure to soak liquidity are behind the collapse.
International Monetary Fund managing director Rodrigo de Rato will step down in October, he said Thursday, some six weeks after upheaval at the helm of the sister institution, the World Bank.
Prime Minister Gordon Brown's new Cabinet has met for the first time in 10 Downing Street.
Tony Blair has handed over power to Gordon Brown, his finance minister, after more than 10 years as Britain's prime minister.
He formally handed his resignation to Queen Elizabeth II at Buckingham Palace on Wednesday
Nine new European Union member nations are on course to join the bloc's borderless travel zone by the end of the year, despite security concerns by some of the older EU members, according to Germany's Interior minister.