International

Tuesday, June 17th 2008 - 21:00 UTC
Bank of England and Chancellor confirm higher UK inflation

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.
Tuesday, June 17th 2008 - 21:00 UTC
Greater regulation for “speculation” in US and UK oil futures

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.
Monday, June 16th 2008 - 21:00 UTC
Germany unveils robot for 6.000 meters sea deep work

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.
Monday, June 16th 2008 - 21:00 UTC
Eurozone inflation in May at its highest since 1996

Inflation in the Eurozone has a climbed to a record level amid higher food and fuel costs, official figures show. The annual rate of inflation in the 15 state zone hit 3.7% in May, according to the Eurostat statistical office.
Monday, June 16th 2008 - 21:00 UTC
Controversy over pesticides ahead of EU ministers summit

Greenpeace on Monday stepped up calls for European Union governments to approve long-stalled proposals to control the use of pesticides. The call follows the publishing of a ranking of the main manufacturers of pesticides, based on risks to human beings and the environment.
Sunday, June 15th 2008 - 21:00 UTC
The Group of Eight (G8) concludes no quick fix for oil prices

There are no quick fixes to soaring oil and food prices, Group of Eight finance ministers concluded on Saturday, although disagreements emerged about the role that speculators were playing in exacerbating price rises.
Sunday, June 15th 2008 - 21:00 UTC
Saudi Arabia will pump 200.000 bpd of extra oil next July

Saudi Arabia plans to increase its oil production by 200.000 barrels a day next month, the kingdom's oil minister told U.N. chief Ban Ki-moon on Sunday, according to Ban's spokesman. By July Saudi Arabia's output should be almost 10 million bpd.
Sunday, June 15th 2008 - 21:00 UTC
Irish-vote shocked Europe meets to decide what next

European Union foreign affairs ministers are gathering in Luxembourg for talks on how to respond to the Irish rejection of the Lisbon reform treaty. Voters in the Irish Republic, the only state to hold a referendum on Lisbon, rejected the treaty by 53.4% to 46.6% last Thursday.
Saturday, June 14th 2008 - 21:00 UTC
China's stock markets suffer biggest weekly drop since 1996

The bear market in Chinese stocks deepened on Friday as the main index tumbled 3% to a new 15-month closing low, 13.89% down over the week, the biggest weekly drop since 1996.
Friday, June 13th 2008 - 21:00 UTC
EU-scuttle Irish vote triggers strong Paris-Berlin reaction

Irish voters dealt a stunning blow to the European Union by decisively rejecting the institutional reforms of the Lisbon treaty. Official Thursday referendum results released on Friday showed 53.4% of Irish voters said NO and 46.6%, YES.