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.
Climate change is already impacting the world's oceans and will have serious consequences for the hundreds of millions of people who depend on fishing for their livelihoods, according to the United Nations Food and Agriculture Organization (FAO).
United Kingdom interest rates have been kept on hold at 5% by the Bank of England following its latest meeting. The Thursday decision had been widely expected, despite calls from businesses groups to cut borrowing costs amid growing concerns about the economic slowdown.
A report into the much-criticized activities of credit rating agencies has found conflicts of interest at the firms it studied. The US financial regulator, the SEC, found that the firms, which rate investments, had broken its rules.
Leaders of the world's richest countries meeting in Japan offered some hope on climate change with the announcement of a highly ambiguous shared vision to halve global CO2 emissions by 2050.