International

Wednesday, July 16th 2008 - 21:00 UTC
Oil in biggest one-day drop in 17 years: closes at 138.69

Oil prices fell sharply Tuesday on concerns that a slowing US economy will decrease demand for oil. The price of crude oil in New York at one point fell more than 9 US dollars a barrel in New York trading, the biggest one-day drop in dollar terms in 17 years.
Wednesday, July 16th 2008 - 21:00 UTC
Financial crisis and inflation fears plunge global markets

Global shares fell sharply during Tuesday on fears over the state of the US economy, with the Dow Jones index closing at its lowest level in two years.
Wednesday, July 16th 2008 - 21:00 UTC
Wife of Moscow mayor buys £ 48 m London mansion

Witanhurst, a 90-room Grade-II Queen Anne listed mansion in Highgate, sold for £23 million last year, only to see its value soar 56% in the last 12 months despite worries of falling house prices.
Wednesday, July 16th 2008 - 21:00 UTC
Higher rates expected as Euro inflation doubles ECB target

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.
Tuesday, July 15th 2008 - 21:00 UTC
SS doctor Aribert Heim 'still alive in Chile'

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.
Tuesday, July 15th 2008 - 21:00 UTC
Increased chances for global trade accord, says WTO Lamy

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.
Tuesday, July 15th 2008 - 21:00 UTC
UK June inflation soars to an 11 year high of 3.8%

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.
Tuesday, July 15th 2008 - 21:00 UTC
US dollar plunge triggers concern among trade partners

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.
Monday, July 14th 2008 - 21:00 UTC
An exhibition on South Georgia takes off in Cambridge

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.
Monday, July 14th 2008 - 21:00 UTC
Forest fires added to UN climate change agenda

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.