International

Wednesday, September 3rd 2008 - 21:00 UTC
FAO guidelines to ease impact of deep sea areas fishing

Two years of negotiations have resulted in the adoption of new international guidelines to limit the impact of fishing on fragile deep sea fish species and habitats, the United Nations Food and Agriculture Organization, FAO, announced on Wednesday.
Wednesday, September 3rd 2008 - 21:00 UTC
Airlines posted to loose USD 9.3 billion in 2008/09

The global airline industry is expected to post losses of 5.2 billion US dollars this year and another 4.1 billion in 2009, according to the International Air Transport Association (IATA). This year's losses are based on an average crude oil price of 113 US dollars per barrel and 140 US dollars for jet fuel.
Wednesday, September 3rd 2008 - 21:00 UTC
IMF agrees voluntary conduct code for sovereign funds

The International Monetary Fund (IMF) has agreed a voluntary code of conduct with sovereign wealth funds (SWF). The deal with 26 countries that run investment funds will be put to the IMF members at its October meeting.
Wednesday, September 3rd 2008 - 21:00 UTC
Euro zone economy contracts 0.2% in second quarter

The Euro zone economy (EU-15) contracted 0.2% in the second quarter compared to the previous three months according to the latest release from the Eurostat statistics office. As a consequence the Euro fell to its lowest in eight months to 1.4386 US dollars.
Wednesday, September 3rd 2008 - 21:00 UTC
China's leading soft drink maker moves into juice market

Coca Cola the world's largest beverage maker is to buy China's main fruit juice company for 2.4 billion US dollars, the biggest foreign acquisition of a Chinese company. The offer is three times the market value.
Tuesday, September 2nd 2008 - 21:00 UTC
London museum buys Rolling Stones iconic tongue logo

The original artwork for The Rolling Stones' iconic lips and tongue symbol has been bought by London's Victoria and Albert Museum.
Tuesday, September 2nd 2008 - 21:00 UTC
Chilean presidency changes ageing 707 with Boeing 767-300

The Chilean Air Force formally presented last weekend the new presidential aircraft, a Boeing 767-300ER which cost 30 million Euros and will enable Chilean leaders to reach any point in the world.
Tuesday, September 2nd 2008 - 21:00 UTC
Pound at USD 1.785 and at record low against the Euro

The British pound has fallen to two-and-half-year low against the US dollar and record low against the Euro amid fears about the health of the UK economy.
Tuesday, September 2nd 2008 - 21:00 UTC
Sarkozy calls for more regulation in financial markets

French President Nicolas Sarkozy wants Europe to play a stronger role in international financial markets regulation to strengthen governance rules and boost confidence, his office said in a statement on Tuesday.
Monday, September 1st 2008 - 21:00 UTC
Hurricane Gustav: Fears over damage to US oil rigs

With Hurricane Gustav on course to hit the US Gulf of Mexico coast, the damage it does to the region's oil facilities could be a “worst case scenario”.