Surging fuel food prices drove Euro zone inflation in June to 4%, (from 3.7% in May) more than double the European Central Bank target and the highest since measurements began in 1997, according to the latest release from the EU statistics office Eurostat.
Former SS doctor Aribert Heim is still likely to be alive in Chile, said a director of the Simon Wiesenthal Centre at the end of a five-day mission.
World Trade Organization Director-General Pascal Lamy said the chances of success for reaching a world-trade agreement have increased as a result of talks before trade ministers meet next week in Geneva.
Rising food and fuel costs pushed UK inflation up to an 11-year high of 3.8% in June from 3.3% in May, figures show. The rise means inflation is now well above the government's 2% target, and may reduce the chance of a UK rate cut.
The Euro soared to a new high against the US dollar on Tuesday, reaching US$1.6038 in European trading as markets worried about the ongoing US lending crisis and the country's economy.
An exhibition entitled Governing South Georgia: A century of managing marine resources opens at the Scott Polar Research Institute (SPRI) in Cambridge next July 16th and by early 2009 should visit the Falkland Islands before finally ending in Grytviken.
Dozens of meteorologists, fire scientists and others from 25 countries have gathered at a United Nations-backed meeting in Canada to examine how to address the intensified threat of forest fires posed by climate change.
Poor countries will need some 6 billion US dollars in food aid annually, with food and energy prices expected to remain high for years to come, said Robert Zoellick, president of the World Bank.
Oil prices rebounded by more than 5 US dollars a barrel on Thursday as another missile launch by Iran stoked worries that escalating political tensions in the Middle East could cut off supplies out of the region.
The Organization of Petroleum Exporting Countries earnings from oil exports are expected to reach a record 1.251 trillion US dollars this year, about 73 billion more than previously estimated, according to the US Energy Information Administration.