Gibraltar's Chief Minister Peter Caruana 13th appearance before the United Nations General Assembly Special Committee of 24 was his last. In a dramatic turn of events on Wednesday he robustly indicated that it was pointless to keep returning because the Committee of 24 had never acted on Gibraltar's behalf but had always chosen and continued to be silent.
China, the world's second-largest consumer of oil, is to raise the price of petrol and diesel by 18%. The move, which could depress demand for oil from the fast-growing economy, caused the price of crude to fall 4 US dollars.
European Union leaders meeting in Brussels refused to set a deadline for a deal on the stalled Lisbon Treaty after its rejection by the Irish and insisted that real issues as Europe's economic situation are the priority.
The top United Nations human rights official has hailed the adoption of a new legal instrument which will enable people to submit complaints on violations of their economic, social and cultural rights to an international human rights body.
British Parliament has effectively ratified the EU Lisbon reform treaty despite the recent decision by Irish voters to reject it. A last-ditch Tory bid to delay the process for four months was defeated by a margin of 93, and peers later gave the EU Amendment Bill a third reading.
European Central Bank Executive Board member Juergen Stark said the acceleration in Euro zone inflation to 3.7% in May, the highest rate recorded since the launch of the Euro is a cause for alarm.
The European Parliament adopted on Wednesday tough rules on expelling illegal immigrants, which could see them held in custody for up to 18 months and banned for five years if they resist. 367 members of the European Parliament voted in favor of the bill and 206 MEPs opposed it, while 109 members abstained.
Bank of England Governor Mervyn King has warned that inflation could rise above 4% this year as oil and energy prices soar. In an open letter to the Chancellor after official inflation hit 3.3%, Mr King said he had revised previous forecasts upwards due to a 15% rise in oil prices during the past month and the prospect of higher gas and electricity bills.
The United States Commodity Futures Trading Commission and its United Kingdom counterpart reached a deal with ICE Futures Europe to impose regulations on West Texas Intermediate oil contracts that trade on the London-based electronic exchange within 120 days, CFTC chairman told the US Senate.
The Leibniz Institute of Marine Sciences from the University of Kiel unveiled on Monday a new sub aquatic robot, ROV Kiel-6000, Remotely Operated Vehicle which can descend to 6.000 meters below sea level.