International

Saturday, June 7th 2008 - 21:00 UTC
Japanese banks feels the fallout from US subprime crisis

Japanese banks are feeling the fallout from the US subprime mortgage crisis and the credit crunch, according to the country's financial watchdog.
Saturday, June 7th 2008 - 21:00 UTC
Arms dealer involved with FARC extradited from Spain to US

The Spanish government on Friday authorized the extradition to the United States of a suspected Syrian weapons dealer accused of planning to supply arms to Colombian rebels, the government said in Madrid.
Friday, June 6th 2008 - 21:00 UTC
“Many airlines will not survive” oil crisis warns IATA

The leaders of the world's airlines unanimously agreed to a resolution calling for governments, airports and labour to take immediate action to help the industry survive the growing financial crisis.
Thursday, June 5th 2008 - 21:00 UTC
Fishermen clash with police in Brussels over fuel prices

Police clashed Wednesday with hundreds of fishermen protesting against the high cost of fuel outside the headquarters of the European Union in Brussels reported BBC.
Thursday, June 5th 2008 - 21:00 UTC
Euro interest rates unchanged;increase “possible” next time

The European Central Bank (ECB) left interest rates for the Euro zone unchanged at 4% but admitted an increase was “possible” at its next meeting because risks to price stability over the medium term have further increased.
Thursday, June 5th 2008 - 21:00 UTC
In spite of slowdown UK interest rate left on hold at 5%

The Bank of England Monetary Policy Committee, MPC, decided Thursday to hold interest rate at 5%. The decision had been widely expected amid concerns about the pace of inflation.
Wednesday, June 4th 2008 - 21:00 UTC
UN program promises 1.2 billion food aid for 62 countries

The United Nations World Food Programme said on Wednesday that it will provide 1.2 billion US dollars in additional food aid in the 62 countries hit hardest by the current crisis resulting from the surge in food and fuel prices.
Wednesday, June 4th 2008 - 21:00 UTC
Nigeria to name new operator for Shell wells in Ogoniland

Oil fields abandoned by Royal Dutch Shell in Nigeria's Ogoniland in the Niger Delta 15 years ago will be given to another oil company this year, President Umaru Yar'Adua said on Wednesday during a visit to South Africa, according to press reports.
Tuesday, June 3rd 2008 - 21:00 UTC
Shell CEO says there's no physical shortage of oil in the world

Oil giant Shell corporation Chief Executive Jeroen van der Veer said on Monday he did not see any shortage of physical oil supplies, echoing the view of many OPEC ministers who say the world market is well-supplied.
Tuesday, June 3rd 2008 - 21:00 UTC
UN Chief Ban Ki-moon urges action on food crisis

U.N. Secretary General Ban Ki-moon will issue an urgent plea to world leaders at a food summit in Rome on Tuesday to immediately suspend trade restrictions, agricultural taxes and other price controls that have helped fuel the highest food prices in 30 years, according to U.N. officials.