
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.

The World Trade Organization (WTO) has ruled that the European Union (EU) failed to comply with requests to end subsidies for Airbus. US Trade Representative (USTR) said the ruling in the dispute opens the way for placing tariffs on EU goods.

Digital radio has become more popular than listening over FM and AM for the first time, according to new figures. Radio research body Rajar said 50.9% of all listening in the UK was digital in the first three months of the year.

The Argentine Football Association (AFA) has been criticized for including a chapter about how to stand a chance with a Russian girl in a manual it handed to journalists travelling to the World Cup in Russia. It recommended that journalists look clean, smell nice and dress well in order to impress Russian girls.

Brazil on Wednesday lashed out at a demand by former European leaders for disgraced ex-president Lula da Silva to be allowed to take part in elections this year. A group of former EU left leaning leaders, including French ex-president Francois Holland and Spanish former prime minister Jose Luis Rodriguez Zapatero, called Lula's imprisonment for corruption hurried and said he should be free to present himself before Brazilian voters.

The decline in the atmosphere of an ozone-depleting chemical banned by the Montreal Protocol has recently slowed by half, suggesting a serious violation of the 196-nation treaty, researchers revealed Wednesday.

A study by the International Agency for Research on Cancer (IARC) provides new evidence that increased weight and obesity may result in increased smoking. The study, published in the British Medical Journal (BMJ) and funded by Cancer Research UK (CRUK), found that increased body mass index (BMI), body fat percentage, and waist circumference were associated both with a higher risk of being a smoker and with greater smoking intensity, measured by the number of cigarettes smoked per day. These results were consistent in both men and women.

The mission is being organized by Uruguay XXI, the investment, export and country brand promotion agency, along with the British Embassy in Montevideo, the British-Uruguayan Chamber of Commerce and with the support of the UK Department for International Trade. The trade mission will be present between May 14/18.

The Falkland Islands has been positive about the outcome of the first round of fishery talks (May 14/15) referred to the South Atlantic, between Argentina and the United Kingdom. The talks in Buenos Aires, with Falklands representatives included in the UK delegation, emphasized on the exchange of scientific information and conservation of shared fishery resources in the South West Atlantic.

Sustainable development depends more and more on the successful management of urban growth, especially in low-income and lower-middle-income countries where the pace of urbanization is projected to be the fastest.