Thursday, October 29th 2009 - 10:16 UTC

UK petrol prices at their highest level of the year

How many quid to fill her up?

Petrol prices in the United Kingdom are now at their highest level of the year, according to the AA. Average UK prices at the pumps are now 107.14p a litre - beating the previous 2009 high of 107.03p a litre on September 9.

Thursday, October 29th 2009 - 10:08 UTC

Norway first in Europe to raise interest rates

Increase in oil revenues has helped the Norwegian economy pick up

Norway has become the first European country to raise its interest rates since the beginning of the global financial crisis. The country's central bank raised the cost of borrowing to 1.5% from 1.25% in a widely-expected move.

Thursday, October 29th 2009 - 06:58 UTC

British MPs nervous about plans to “clean up” Parliament expenses excesses

Sir Christopher Kelly “does not live in the real world”, said Tory MP Roger Gale

The man brought in by British Primer Minister Gordon Brown to clean up Parliament does not live in the real world, an MP has said. Sir Christopher Kelly, chairman of the Committee on Standards in Public Life, does not know the hours MPs work or what kind of job they do, said Conservative MP Roger Gale.

Thursday, October 29th 2009 - 06:54 UTC

EC approves UK’s Northern Rock split into a “good” bank and a “bad” bank

One of the UK top five mortgage lenders, when Northern Rock went down it triggered the first bank run in decades

The European Commission has approved the Government's plans for splitting United Kingdom’s Northern Rock in two: a “good” bank and a “bad” bank. The “good” bank will continue Northern Rock's economic activities, while the “bad” bank will become in effect an asset management company running down the remaining toxic assets.

Thursday, October 29th 2009 - 06:48 UTC

Spanish mayor promises closer people to people relations with Gibraltar

Alejandro Sanchez, new mayor of La Linea belongs to Spain’s opposition PP

Alejandro Sanchez the newly elected mayor of La Linea, the Spanish city next to Gibraltar, has declared he wants to intensify cross border relations and foster increased contacts between groups, associations and professional bodies on both sides of the frontier.

Thursday, October 29th 2009 - 05:16 UTC

EU adopts new tools to fight illegal fishing

EU Fisheries Commissioner Joe Borg says the new rules will ensure better fisheries governance

The European Commission (EC) adopted a regulation establishing the implementing rules to combat illegal, unreported and unregulated (IUU) fishing. This norm had been approved in 2008 by the European Union (EU) ministers.

Thursday, October 29th 2009 - 02:32 UTC

Massive support for French farmers; Sarkozy blasts commodities speculation

Sarkozy considers farming France’s main industry

French President Nicolas Sarkozy announced a 650-million Euro exceptional aid plan for France's subsidized but still struggling farmers, along with one billion Euros in cheap loans. He also called on the European Commission to limit market speculation on agricultural commodities prices.

Wednesday, October 28th 2009 - 14:26 UTC

Science explains why red wine with red meat, white wine with fish

Iron levels in red wines determine why not with fish

A team of Japanese scientists found the scientific reason for one of the rules of thumb about the pairing between wine and food: “Red wine with red meat, white wine with fish”.

Wednesday, October 28th 2009 - 14:19 UTC

US pushing for a stronger Yuan, but China remain reluctant

China has in effect re-pegged the Yuan to the dollar since mid-2008 to help its exporters.

The United States welcomes the rise in the Yuan's exchange rate in recent years but wants the currency to climb further, visiting Commerce Secretary Gary Locke said. However, a Chinese trade official said that despite pressure for the Yuan to appreciate, the currency would probably not see a major adjustment until the country's exports improve noticeably.

Wednesday, October 28th 2009 - 07:21 UTC

World’s largest cruise vessel, 225.282 tons delivered to Royal Caribbean

“Oasis of the Seas” will sail on her four-night maiden voyage on December first

The final pieces are falling into place for “Oasis of the Seas” with the ship's future owners Royal Caribbean and homeport Fort Lauderdale in Florida State poised to introduce the world to the largest cruise ship ever built.


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