U.N. Secretary General Ban Ki-moon said on Tuesday he would discuss how to balance climate change and food security in the development of biofuels when he visits major ethanol producer Brazil next week.
Canadians are among the world's leaders in being prepared to accept potential lifestyle changes and higher taxes in order to address climate change, according to a new poll released Monday.
Billionaire Mukesh Ambani became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
China has raised fuel prices by almost 10% in an effort to ease the country's worsening supply crisis. Officials hope the extra revenue will make refiners increase production, easing the long queues and rationing at filling stations.
The Canadian dollar jumped more than two U.S. cents Friday to a record 107.18 US cents on strong employment data and a rise in oil prices, while the green back resumed its weakness against most major currencies. So far this year the Canadian dollar has appreciated 24% against the US dollar.
The International Monetary Fund's new managing director, Dominique Strauss-Kahn, Friday said the U.S. dollar remains overvalued --repeating the IMF forecast for the greenback--. However he discarded a recession in the US and said it's no surprise to see the price of oil at such a level
The United Nations announced Friday that it will repatriate more than 100 Sri Lankan peacekeepers serving with the UN Stabilization Mission in Haiti on disciplinary grounds.
With a growing perception that US interests rates will be cut this week while UK interest rates will remain unchanged next week, the pound sterling hit its highest level against the US dollar in 26 years.
Continuing his efforts to spotlight the issue of climate change, United Nations Secretary-General Ban Ki-moon will travel to Latin America, Antarctica and Europe next week where in addition to making diplomatic contacts, he will see first-hand deforestation and other environmental problems caused by the phenomenon.
Russia is decisively opposed to any splitting of Antarctica based on unilateral territorial claims, although was cautious about UK's seabed claims in that region, announced a release from the Russian Foreign Ministry.