HMS Kent, one of the Royal Navy's most modern warships, looked back at history as she remembered one of her illustrious World War II predecessors last Sunday. The Portsmouth based frigate, currently undertaking tasking in the Far East, laid wreaths over the recently found wreck of cruiser HMS Exeter during a ceremony attended by the British Ambassador to Indonesia, veterans and descendants of the sinking and the diver who discovered the wreck.
The first shipment of United States beef under a controversial import deal arrived in South Korea on Tuesday, officials said, amid lingering public concerns over mad cow disease.
A chunk of ice spreading across 18 square kilometers has broken off a Canadian ice shelf in the Arctic, scientists say. The sheet broke away last week from the Ward Hunt Ice Shelf off the north coast of Ellesmere Island in Canada's far north.
United Nations Secretary-General Ban Ki-moon voiced on Wednesday disappointment at the collapse of the Doha round of trade liberalization negotiations, expressing concern over the effect of the breakdown of the talks on developing nations.
The global credit crunch shows no signs of abating, according to the International Monetary Fund (IMF). In its latest global financial stability report the IMF says that falling house prices and slowing economic growth are hitting credit.
Chilean mining companies top the list of Latin America's 500 most profitable companies, according to the magazine América Economía.
The days of United Nations missions fielding only unarmed observers are long past, according to the outgoing head of the world body's peacekeeping operations, who said on Tuesday that peacekeepers need to be able to wield force to get respect and make a difference.
The price of crude sunk to below 121 US dollars a barrel, touching on its lowest point since May, in the wake of a strengthening dollar and the comments of OPEC president Chakib Khelil, who called current prices abnormal and predicted that the barrel price could sink below 100 dollars in the long term.
British Airways is on the verge of joining forces with Spanish carrier Iberia after revealing both companies' boards' unanimously support an all-share merger. In a statement British Airways said it was in talks with Iberia with a view to an all-share merger of the two companies.
Marathon talks in Geneva aimed at liberalizing global trade have collapsed admitted the head of the World Trade Organisation Pascal Lamy. Officials have blamed China, India and the US for failing to agree on import rules.