UK's annual rate of inflation rose to 4.4% in July, its highest level since records began in 1997. The 0.6% rise was also the biggest monthly change since records began and took the figure to more than twice the government's target.
A giant Pacific octopus called Mavis has helped researchers to prove that the one thing everyone knows about the creatures is wrong. The name octopus is derived from the Ancient Greek for eight feet. Mavis, who lives in a tank at Weymouth Sea Life Centre, actually has six arms and two legs.
The English Premier League team Arsenal took a massive step towards qualifying for the group stages of the lucrative European Champions League after beating the Dutch club Twente Enschede 2-0 in the 1st leg game in Holland.
The United Nations Environment Programme (UNEP) announced that it will implement a new initiative to better protect bees, bats, birds and others that are essential to global crop production and biodiversity.
Spain is short of fisheries but has huge investments in other fisheries world over, Falklands/Malvinas, Chile, New Zealand, Africa, and does most of the fish processing and trading, according to Alfonso Paz-Andrade Rodríguez president of World Fishing Exhibition.
Scientists are set to explore the world's deepest undersea volcanoes, which lie 6km down in the Caribbean. Delving into uncharted waters to hunt for volcanic vents will be Autosub6000, Britain's new autonomously controlled, robot submarine.
The Euro slid beneath the 1.50 US dollar Monday to 1.4966 amid concern over the Euro zone economic outlook and confidence that the European Central Bank won't raise interest rates anytime soon.
China's main measure of wholesale inflation accelerated in July to its fastest since 1996, adding to headaches for the government as it tries to rein in surging consumer prices, according to data reported Monday.
Russia and small, U.S.-allied Georgia headed toward a wider war Saturday as Russian tanks rumbled into the contested province of South Ossetia and Russian aircraft bombed a Georgian town, escalating a conflict that already has left hundreds dead.
The Bank of England decided on Thursday to keep interest rates on hold at 5% as it struggles to deal with a slowing economy and spiraling inflation. Many reports have shown the economy heading for a significant slowdown or even a recession.