International

Thursday, February 7th 2008 - 20:00 UTC
UK cuts rate to 5.25% but warns on inflation and slowdown

The Bank of England cut interest rates 0.25 percentage points to 5.25% amid signs that the UK economy is slowing down. Fears over rising prices and balancing growth and inflation made the Thursday cut relatively soft.
Thursday, February 7th 2008 - 20:00 UTC
Drilling record: 7 miles extended-reach oil well off Russia

Exxon Mobil Corporation, the world's largest oil company recently broke its own industry record for the longest “extended-reach” oil well: more than seven miles from the frigid shores of Sakhalin Island off Russia's east coast.
Thursday, February 7th 2008 - 20:00 UTC
Euro zone leaves rates unchanged at 4%; inflation priority

Fearing the risks to price stability over the medium term even when the economic fundamentals of the Euro area are sound, the European Central Bank (ECB) Governing Council kept this Thursday interest rates unchanged at 4%.
Thursday, February 7th 2008 - 20:00 UTC
Whale kill photos misleading, Japanese say

The Japanese body responsible for the annual whale kill in the Southern Ocean says the Australian media is using emotional propaganda to mislead the public.
Wednesday, February 6th 2008 - 20:00 UTC
Chilean diplomat head of WTO Dispute Settlement Body

The Chilean ambassador to the World Trade Organization (WTO), Mario Matus, has been chosen to head the organization's Dispute Settlement Body. Matus will replace Australian representative Bruce Gosper, who will preside over the WTO policy-making General Council for the next 12 months.
Tuesday, February 5th 2008 - 20:00 UTC
BHP Billiton turns down Chinalco offer about Rio Tinto stake

The head of the Chinese company that recently bought a chunk of mining giant Río Tinto said yesterday it was a strategic investment, and hinted his company would consider selling to BHP Billiton if the price was right.
Tuesday, February 5th 2008 - 20:00 UTC
World Bank Appoints Chinese Academic as Top Economist

The World Bank appointed Chinese national Justin Lin as its chief economist, the first time the post has gone to a candidate outside Europe and the U.S.
Monday, February 4th 2008 - 20:00 UTC
UK: concerns about wind farms threat to MoD radar

Concerns about wind turbines interfering with military radar are threatening ambitious Government plans of £ 200 million windfarm development.
Monday, February 4th 2008 - 20:00 UTC
Bahamas accedes to two UN marine pollution treaties

The Bahamas, home to the world's third-largest registered fleet of ships, has acceded to two key International Maritime Organization (IMO) conventions that aim to discourage environmental pollution on the high seas, the United Nations agency announced today.
Monday, February 4th 2008 - 20:00 UTC
RFA Lyme Bay has sailed on a mission to Tristan da Cunha

The MoD reported that RFA Lyme Bay was preparing to sail to Tristan da Cunha, where urgent repairs to the main harbour are required.