
A deep-pocketed restaurateur has paid more than 700.000 dollars for a tuna at Japan's Tsukiji fish market, smashing the record for a single blue-fin. Bidding on the 269kg fish, caught off the coast of Japan's northern Aomori prefecture, stood at an eye-popping 711.864 dollars when the hammer came down in the first auction of the year.

Euro zone inflation eased from last year's peaks of 3.0% in December, the first sign of a fall in price growth this year that analysts expect will create room for more interest rate cuts to help the weakening economy.

European Central Bank has named Belgian executive board member Peter Praet as its chief economist following the resignation of Juergen Stark.

Researchers have discovered the world's first hybrid sharks in Australian waters, indicating that animals are adapting to climate change for survival.

Spain ended 2011 with record high unemployment, according to data released Tuesday as the new conservative government of Prime Minister Mariano Rajoy considers additional austerity measures to reduce the budget deficit.

The Russian government approved import quotas for meat in 2012, according to a resolution published on Tuesday, reports Meat Trade Daily.

Food prices may ease in 2012 due to a slowing global economy, though no drastic drop from high levels is expected, the new director-general of the UN's Food and Agriculture Organisation said on Tuesday.

Uruguay authorized the Royal Navy Ice Patrol HMS Protector into Montevideo because it complies with normal procedure in spite of the fact that its next port of call is Stanley in Falklands/Malvinas.

Greece faces an exit from Europe's common currency block unless it clinches a deal on a second 130 billion Euro bailout with its international lenders, a government spokesman said on Tuesday.

German unemployment fell to its lowest rate in December since 1991, according to the German Federal Labour Agency.