The European Central Bank, as forecasted, kept its key interest rate at 4% on Thursday, but President Jean-Claude Trichet hinted of future rate hikes in response to continued growth in Germany, Italy and other European countries.
Royal Dutch Shell is to launch a new exploration campaign in the Arctic north of Alaska in a bid to tap the region's vast oil and gas reserves.
About 100 million votes were cast by the Internet and cellphone text messages, said New7Wonders, the nonprofit organization that conducted the poll.
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.