Oil prices of near 100 dollars per barrel caused alarm in consuming countries in 2007 and analysts forecast another tense crude market this year with triple-figure records a real prospect.
Crude oil rose to $100 a barrel for the first time in New York as record global fuel consumption threatens to outpace production.
Kidnappers in the north Somali region of Puntland have freed two aid workers from the Spanish branch of Medecins Sans Frontieres (MSF).
It can be said that the year that is coming to an end will be remembered for the weather related erratic news and the Nobel Peace Prize jointly shared by the United Nations Intergovernmental Panel on Climate Change and environmental campaigner former US vicepresident Al Gore that helped turn public opinion awareness into global concern.
The number of animals, plants and other organisms continued to decline in 2007, but for some the threat of extinction had been successfully warded off, the environment organization the WWF said Thursday.
Some of Britain's major airports have not yet been given permission to relax a rule restricting passengers to one item of hand baggage, the Government has said.
Mining giant Rio Tinto continued to defend itself against an unsolicited offer from larger rival BHP Billiton on Thursday, saying it had greater potential as a standalone company while rumors of possible Chinese offers re-emerged.
China's Yuan has soared against the US dollar in its biggest post-revaluation daily rise after the central bank signaled a shift in its policy. The Chinese central bank encouraged the jump by setting a very strong daily reference rate or mid-point of 7.3079.
The assassination on Thursday of Pakistan's former Prime Minister Benazir Bhutto has sent stock markets falling and boosted prices for oil and gold. The main index on the New York Stock Exchange fell 192 points or 1.4% while prices of government bonds rose.
Former British prime minister Tony Blair has become a Roman Catholic, church officials said Saturday, ending widespread speculation that he would switch to the faith of his wife and four children.