Global stocks and the Euro sank as fears that Italy could become the latest country caught up in the Euro-zone debt crisis caused investors to sell risky assets and snap up safe-haven US Treasury debt, pushing the 10-year note's yield below 3%.
European finance chiefs will consider how to dig Greece out of its financial hole just as markets batter the bonds of Spain and Italy, opening a new front in the debt crisis.
British government lawyers are drawing up a plan to block Rupert Murdoch's bid for the pay-TV operator BSkyB, the Independent newspaper reported on Monday.
China's trade surplus widened more than expected to 22.3 billion US dollars in June, the highest level in seven months, as imports grew at the slowest pace since 2009. The surplus was 13.1 billion USD the previous month and 20 billion USD a year earlier.
After decades of waiting, commercial airlines have been given the go-ahead to use fuel made from algae, wood chips and other plants with obscure names. Test flights in recent years by Continental, Japan Airlines and Virgin Atlantic have shown that planes can fly on everything from coconut oil to jatropha, a plant that grows in the tropics.
Millions of tons of plastic debris dumped each year in the world's oceans could pose a lethal threat to whales and dolphins, according to a scientific assessment to be presented at a key international whaling forum this week.
The final edition of the paper engulfed in a phone hacking scandal was published today as Rupert Murdoch headed to London to try to save the bigger prize of his takeover of the British broadcaster BSkyB.
Israel Aerospace Industries signed a joint venture with Brazil's Synergy Group to manufacture Unmanned Air Vehicles (UAV) (drones) to fight drug trafficking in Brazilian borders under the condition that the aircrafts are not sold to Venezuela.
Inflation in China has risen to its highest level for three years, despite a series of interest rate rises and curbs on bank lending. Prices in June rose 6.4% from a year earlier, well above the rate for May.
After 37 years of operational service the Royal Air Force Nimrod R1 was retired from service last month. The Nimrod R1 last operations were Herrick over Afghanistan and Ellamy in Libya in support of NATO forces.