British Chancellor of the Exchequer Alistair Darling supported on Monday the Bank of England's £50bn plan to help prevent the credit crisis causing more damage to the UK banking system.
Saudi Arabia admitted that petroleum producing countries are concerned with the competition of alternative fuels, such as bio-fuels and with the determination of many countries to ensure their energy independence.
The head of the United Nations World Food Programme (WFP) called for urgent action to tackle the silent tsunami of rising food prices which threatens to push more than 100 million people worldwide into hunger.
With the international price of oil closing on 120 US dollars a barrel and the need for greater purchases of oil, diesel fuel and natural gas, Chile estimates the additional cost this year in 2.8 billion US dollars according to the government owned oil corporation ENAP, CEO Enrique Davila.
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.