International
InternationalPromising test for early detection of BSE (mad cow) in cattle
The discovery of elevated protein levels in the urine of some cattle infected with mad cow disease, Bovine Spongiform Encephalopathy, BSE, raises the possibility that animals could eventually be screened using a test similar to a home pregnancy kit, according to reports from the University of Manitoba.
Eat less meat and help climate change, says UN expert
People should eat less meat if they want to make a difference to climate change, according to a UN expert. Dr Rajendra Pachauri, chair of the United Nations Intergovernmental Panel on Climate Change, (IPCC) told London's The Observer in an interview people should have one meat-free day a week to tackle global warming.
Oil down 40 dollars from its record price of 147 a barrel
Oil prices have dipped below 106 US dollars as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use. US light, sweet crude fell as low as $105.16 a barrel before recovering to settle down $1.66 at $106.23. Brent crude dropped $2.21 to $104.09.
Rich countries slowdown threatens emerging economies
While developing countries' economies are forecasted to expand by 6% this year that growth could potentially be checked by the slowdown in wealthier nations, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).
Ingrid Betancourt named Woman of the Year
Colombia's former presidential candidate Ingrid Betancourt who was rescued in July from the captivity of the country's leftist rebels has been named the Woman of the Year by the World Awards Association (WAA)the EFE news agency reported Saturday.
US, China and Europe: different instruments, different realities
On September 1 and 2, world bankers, economists and finance academics participated in an event hosted by the Argentine Central Bank, “Financial Turbulences. Impact on Developed and emerging economies”
Retail fish prices soar by nearly 23% in United Kingdom
United Kingdom prices have risen by 8.3%t since the beginning of the year amid fears that Britain is facing the worst economic conditions in decades, a report said Friday.
Inflation/growth dilemma leaves UK rates on hold at 5%
The Bank of England Monetary Policy Committee (MPC) decided on Thursday to keep interest rates on hold at 5% for a fifth month as it struggles to deal with a slowing economy and soaring inflation.
ECB admits inflation and low growth prospects will persist
With annual inflation rates likely to remain “well above levels consistent with stability” and the latest data confirming the “weakening of real GDP growth in mid 2008”, the European Central Bank, ECB, has left interest rates unchanged at 4.25%.
Lamy confirms global trade talks posted to resume next week
The Doha round global trade negotiations will resume “at senior official level” next Tuesday announced World Trade Organization Director General Pascal Lamy on Thursday in Oslo.
