The European Parliament voted Tuesday to include airlines in the EU strategy to cut greenhouse gases, giving all carriers flying within or into the 27-nation bloc until 2011 to offset some of their emissions by buying carbon dioxide allowances on the open market.
The world's largest travel fair opened this week in London with a strong focus on green issues highlighting the ever-increasing pressure on the tourism industry to promote environmentally friendly ways of seeing the world.
The type of bird flu found in turkeys on an English farm is the virulent H5N1 strain, according to UK government veterinarians. The virus was discovered on Sunday at Redgrave Park Farm near Diss, Suffolk where all 6,500 birds, most of them turkeys, are being slaughtered.
China's consumer prices rose sharply in October reaching a decade-high monthly inflation rate of 6.5% adding to pressure for measures to cool the politically sensitive continuous surge in food prices.
Airbus revealed the name of the first individual to purchase the A380 super-jumbo, the world's largest passenger plane. Saudi billionaire Prince Alwaleed bin Talal is the mystery buyer of the VIP A380 version also called the Flying Palace.
Developing countries are deeply divided about how to advance on global trade talks and few ministers will attend a meeting this week meant to show their unity.
Euro-zone finance ministers urged China to bear more responsibility for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe.
Economic growth will slow in most European economies in 2008, with a number of countries vulnerable to tightening credit because of rapid rises in housing costs or high levels of private debt, the International Monetary Fund has reported.
Global banks are likely to loose up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report. Major banks will have to continue to write off stricken multibillion investments in mortgage backed securities.
U.N. Secretary-General Ban Ki-moon visited the Antarctica on Friday to see firsthand the impact of climate change and the melting of glaciers.