
Rupert Murdoch's News Corporation has announced that it is dropping its planned bid to take full ownership of satellite broadcaster BSkyB. The announcement came as the House of Commons prepared to vote for a motion supported by all major party leaders calling on Mr Murdoch to do so.

Brazil’s two biggest cities are getting more and more costly and are more expensive places to live in than New York, according to the annual cost of living study released Tuesday by business consulting firm Mercer.

The United Nations marked on Monday July 11, World Population Day, with Secretary-General Ban Ki-moon stressing that ending global poverty and inequality was the key to unleashing the great human potential for prosperity and peaceful coexistence.

Between 2003 and 2009, nearly 950,000 people per year emigrated from the Americas to countries of the OECD and of this total, nearly half went to the United States, and a fourth to Spain, according to the First Report on International Migration in the Americas.

China has secured its first top-level post at the International Monetary Fund (IMF) in recognition of its growing power in the global economy. New IMF Managing Director Christine Lagarde appointed Zhu Min to a newly created deputy managing director post.

Police have said that former British Prime Minister Gordon Brown may have been a victim of phone hacking by an investigator working for British newspapers, his spokeswoman said on Monday.

The News of the World newspaper bought contact details about the royal family from a policeman, the BBC reported today, deepening the scandal engulfing the News Corp media empire.

European Union finance ministers pledged to beef up a rescue package for troubled economies such as Greece as they went to battle to contain debt crisis contagion threatening to engulf Silvio Berlusconi’s Italy and Socialist Spain.

A new global estimate of the impact of longline fisheries on seabirds reveals that, despite efforts to reduce seabird deaths, upwards of 300,000 birds are still being killed every year. However South Georgia is praised for having imposed strict regulations that have seen seabird deaths as bycatch drop by 99%.

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%.