International

Wednesday, July 2nd 2008 - 21:00 UTC
Saudi king: oil price cheap compared to alternative energy

Saudi Arabia King Abdullah said on Tuesday that the current oil price was cheap compared to prices of alternative energy products available in the world and called upon people in consuming countries to adapt with rising oil prices.
Wednesday, July 2nd 2008 - 21:00 UTC
World in grip of third “oil shock” and no easy way out

Oil supplies will remain tight despite record prices that have reduced demand and the world is in the grip of its third “oil shock”, according to the International Energy Agency report released this Tuesday in Madrid.
Wednesday, July 2nd 2008 - 21:00 UTC
FAO warns about impact of increasing land degradation

Land degradation is on the rise in many parts of the world, with direct consequences for an estimated 1.5 billion people – or a quarter of the world's population – the United Nations Food and Agriculture Organization, FAO said on Wednesday, calling for renewed attention to tackle the issue.
Wednesday, July 2nd 2008 - 21:00 UTC
Typhoon becomes RAF most advanced multi-role aircraft

The Royal Air Force's Typhoon aircraft marked another milestone in its capability this week when it was declared operational in the air-to-ground role, becoming the Service's most advanced multi-role aircraft. The multi-role capability means that RAF Typhoons can now carry out precision Ground Attack as well as Air Defence tasks
Tuesday, July 1st 2008 - 21:00 UTC
Record EU inflation in June, 4%; ECB ready to hike rate

Annual inflation in the Euro zone hit a record 4% in June, the EU statistics agency Eurostat said Monday, adding pressure on the European Central Bank to raise borrowing costs even as the economy slows.
Tuesday, July 1st 2008 - 21:00 UTC
Microsoft scraps Windows XP and clears way for Vista

Monday June 30 marks the day Microsoft has stopped selling its Windows XP operating system to retailers and major computer makers, clearing the way for the system and successor, Vista.
Tuesday, July 1st 2008 - 21:00 UTC
Sarkozy: “Something isn't right” with the European Union

French President Nicolas Sarkozy said on Monday “something isn't right” with the European Union, as France took over the rotating presidency of the bloc. Speaking on national French TV, Mr Sarkozy warned that Europe's citizens were losing faith in the project.
Tuesday, July 1st 2008 - 21:00 UTC
EU resumes beef imports from Brazil, Argentina, Paraguay

The European Union will allow imports of fresh meat from more areas of Brazil, Argentina and Paraguay after EU food experts said the bloc's health regulations had been met
Tuesday, July 1st 2008 - 21:00 UTC
Oil corporations blame high prices on taxes and restrictions

The chief executives of Royal Dutch Shell Plc, BP Plc and Spain's Repsol YPF told the oil industry's biggest gathering in three years, in Spain that restrictions on where they can invest and high taxes meant they could not help boost supplies as much as they might.
Monday, June 30th 2008 - 21:00 UTC
Chile: Whale meet ends with peace agenda

The annual meeting of the International Whaling Commission (IWC) has ended with member governments agreeing to try and resolve their differences.