The price of crude sunk to below 121 US dollars a barrel, touching on its lowest point since May, in the wake of a strengthening dollar and the comments of OPEC president Chakib Khelil, who called current prices abnormal and predicted that the barrel price could sink below 100 dollars in the long term.
British Airways is on the verge of joining forces with Spanish carrier Iberia after revealing both companies' boards' unanimously support an all-share merger. In a statement British Airways said it was in talks with Iberia with a view to an all-share merger of the two companies.
Examples of loquacity, extensive traveling and nepotism are some of the records that the Miami based Spanish language daily Nuevo Herald has collected as a present extended to the controversial Venezuelan president Hugo Chavez on his 54th birthday, celebrated on Monday July 28th.
Marathon talks in Geneva aimed at liberalizing global trade have collapsed admitted the head of the World Trade Organisation Pascal Lamy. Officials have blamed China, India and the US for failing to agree on import rules.
Chilean bike manufacturers and promoting groups reported this week that bicycle sales increased 30% during the first six months of 2008 in Santiago. New lightweight and easily transportable aluminum bikes have much to do with this sharp increase in sales and bike use, as do increased petroleum prices and new bicycle cycle lanes
By the end of the year Uruguay will be shipping beef directly to European Union consumers. The locally packed presentations will have all the traceability information plus the brand name with all the consumer data the supermarket wishes or has to comply with.
Uruguay will be complying Monday with its final written presentation in The Hague on the Botnia pulp mill construction dispute with Argentina that alleges Uruguay ignored water joint management agreements.
More than a third of people in the UK believe the Government is primarily responsible for high fuel prices, a new poll has shown.
Farm production in Uruguay will consolidate its sixth year running of expansion, 66.5% since 2002, and farm exports are forecasted to reach 4.2 billion US dollars, a 51% increase over last year, according to a report from the Ministry of Agriculture Programming and Policies Office, OPYPA.
World trade talks entered a second week on Monday in Geneva with the United States representative accusing India and China of endangering the success of the discussions for having rejected a compromise painfully worked out by WTO Director General Pascal Lamy.