The Organization of Petroleum Exporting Countries conference in Vienna opened on Tuesday with a strong call to address the free for all speculation in the energy sector and the vindication that throughout this turbulent period, supply and demand fundamentals have been sound.
China will set up a new observatory station in Antarctica at the region's highest peak within two years an official from the Polar Research Institute of China announced in Beijing reports the country's news agency Xinhua.
British lawmakers plan to demand new limits on immigration to help slow the population growth in the United Kingdom.
Global shares rallied on Monday after the US government said it was taking over troubled mortgage lenders Freddie Mac and Fannie Mae. Investors hoped the largest bail-out in US history would prop up the country's housing market and ultimately help to end the credit crunch, analysts said
The discovery of elevated protein levels in the urine of some cattle infected with mad cow disease, Bovine Spongiform Encephalopathy, BSE, raises the possibility that animals could eventually be screened using a test similar to a home pregnancy kit, according to reports from the University of Manitoba.
People should eat less meat if they want to make a difference to climate change, according to a UN expert. Dr Rajendra Pachauri, chair of the United Nations Intergovernmental Panel on Climate Change, (IPCC) told London's The Observer in an interview people should have one meat-free day a week to tackle global warming.
Oil prices have dipped below 106 US dollars as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use. US light, sweet crude fell as low as $105.16 a barrel before recovering to settle down $1.66 at $106.23. Brent crude dropped $2.21 to $104.09.
While developing countries' economies are forecasted to expand by 6% this year that growth could potentially be checked by the slowdown in wealthier nations, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).
Colombia's former presidential candidate Ingrid Betancourt who was rescued in July from the captivity of the country's leftist rebels has been named the Woman of the Year by the World Awards Association (WAA)the EFE news agency reported Saturday.
On September 1 and 2, world bankers, economists and finance academics participated in an event hosted by the Argentine Central Bank, Financial Turbulences. Impact on Developed and emerging economies