A rare bottle of whisky salvaged from a shipwreck, on which the novel and film Whisky Galore were based, is to go under the hammer in Scotland. The bottle of Ballantine's is thought to have been recovered from the wreck of SS Politician in the 1950s or 1960s.
British Prime Minister David Cameron made a soul-searing confession before the eyes of the world on Tuesday: he admitted having cheered for Germany after they vanquished England at the World Cup.
British Petroleum is to sell assets in Texas, Canada and Egypt, to part-fund the clean-up cost of the Gulf of Mexico oil spill. The oil giant said it had reached a 7 billion US dollars deal with US-based oil production firm Apache Corp.
Russia is going through its worst drought in more than a century. In Moscow, it’s hotter than in European and African resorts. The heat has caused asphalt to melt, boosted sales of air conditioners, ventilators, ice cream and beverages, and pushed grain prices up. Environmentalists are blaming the abnormally dry spell on climate change.
Bright Dairy & Food Co., a unit of Shanghai’s biggest food company, agreed to buy a controlling stake in Synlait Milk Ltd., a New Zealand milk processor planning to double capacity at its South Island plant.
Risk rating agency Moody’s cut on Monday Ireland's credit rating, warning the country faces a slow climb out of recession as the cost of a rescue of its banking sector mounts.
The IMF and EU suspended a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.
Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt problems affecting many Euro zone countries. He was speaking in Beijing alongside the German Chancellor, Angela Merkel. She described his pledge as an important signal that China has confidence in the Euro.
The nightmare of BSE (Bovine Spongiform Encephalitis – or Mad Cow Disease) is mercifully almost forgotten in the EU now. In total almost 200,000 cases of BSE were discovered in the EU. But there were only 67 cases last year and those were in very old animals probably infected many years ago.
“It’s always a simple repeat of what happens in Iraq, Afghanistan or South America. It’s the white man who fights people he believes are inferior”, confessed US filmmaker Oliver Stone talking about his recent “South of the Border”.