Oil options volatility increased as the underlying futures surged the most since September 2009 as unrest in Egypt raised concern that protests would spread to major oil-producing parts of the Middle East.
Saying he remains devoted to protecting Egypt, a defiant President Hosani Mubarak vowed to change his Cabinet to help bring social, economic and political reforms to the country, but defended his security forces' crackdown on anti-government protesters.
British Prime Minister David Cameron has welcomed a new report, which claims that for the Doha agreement to be successful, negotiations should be concluded in 2011.
Former South African President Nelson Mandela was discharged from Milpark Hospital on Friday and will continue treatment at home.
British holidaymakers wanting to go on a cruise are going to have to shortly pay more as UK based operators announced they are set to begin charging fuel supplements.
David Cameron and George Osborne have insisted they will stick to their spending cuts programme despite deepening economic gloom and renewed threats of co-ordinated strike action.
The World Economic Forum Global Agenda Council on Organised Crime, meeting in Davos, has issued a three page report on the international organised crime situation.
South Korea's farm minister has offered to step down over the worst outbreak of foot-and-mouth disease in the country's history.Almost three million cattle have so far been culled at a cost of $1.34bn (£841m) since the disease was first confirmed last November.
United Nations Secretary General Ban Ki-moon today called for “revolutionary action” to achieve sustainable development, warning that the past century’s heedless consumption of resources is “a global suicide pact” with time running out to ensure an economic model for survival.
Decreasing birth rates will slow the world’s Muslim population growth over the next twenty years, reducing it from 2.2% a year in 1990-2010 period to 1.5% up until 2030 a new study says.