The German government has backed down on plans to install full-body security scanners at airports around the country after the devices reportedly performed poorly during a 10-month testing phase.
German Chancellor Angela Merkel's cabinet approved Wednesday new powers for the Euro zone's bailout fund, kicking off a month-long battle to convince sceptics in her conservative camp to back efforts to contain the bloc's crisis.
Argentina has rapidly displaced the US as the main supplier to Colombia of corn and in near future wheat, with volumes soaring from 99.000 tons in 2007 to over 2.2 million tons currently, points out Agrimoney.
Canadian police are investigating a Calgary-based mining firm for allegedly bribing a mayor in the southern Mexican state of Chiapas to protect a barite mine.
Britons are among the most pessimistic in the world about their country’s economic prospects, it was revealed this week. Just 9% of respondents in the Ipsos MORI survey expect an improvement in their economy in six months’ time, a figure only beaten by the French with 3%.
Mexico's state oil monopoly Pemex said on Tuesday it aims to boost its access to top-end technology to explore for oil in the deep waters of the Gulf of Mexico by increasing its stake in Spanish oil firm Repsol.
Last night's USA debut of “HELL” (which is the German word for “Bright”), was perhaps a wake-up call to those who do not heed the warnings of global warming.
US oil major Exxon Mobil has clinched an Arctic oil exploration deal with Russian state-owned oil firm Rosneft. The venture seemingly extinguishes any remaining chance of UK’s BP reviving its own deal, which lapsed in May.
The cleanup after tropical storm Irene continued Tuesday across the Canadian province of Quebec, where the storm washed out roads, downed power lines and possibly contributed to one death. An 81-year old man died after he disappeared for several hours during the storm northeast of Montreal.
The IMF has slashed its growth forecasts for the United States and said the Federal Reserve and the European Central Bank must be ready to ease policy.