International

Wednesday, July 11th 2007 - 21:00 UTC
US dollar in new record low against the Euro and Sterling

The dollar fell on Tuesday to a record low against the Euro and a 26-year low against the British pound as investors feared that the deteriorating U.S. sub-prime mortgage market could eventually slow the economy.
Wednesday, July 11th 2007 - 21:00 UTC
Another good year is forecasted for global tourism

The year 2007 has started on a higher than expected note for global tourism. From January through April, international tourist arrivals worldwide rose by over 6% to 252 million, representing an additional 15 million arrivals as against the same period in 2006, according to the latest UNWTO World Tourism Barometer.
Tuesday, July 10th 2007 - 21:00 UTC
Royal Caribbean betting heavily in the Asian cruise market

Royal Caribbean Cruises has called on Asian countries to construct improved port facilities in order to accommodate larger cruise liners as the firm looks to offer more cruise holidays to the region.
Tuesday, July 10th 2007 - 21:00 UTC
Strong Spanish lobbying before G 24 limits self determination

The extent of indifference, political pragmatism and sustained pressure with lobbying from Spain which led to the UN Decolonization Committee of 24 adopting a Grenada seminar report that effectively recognizes territorial integrity arguments as a bar to self-determination, has emerged.
Saturday, July 7th 2007 - 21:00 UTC
Euro rate unchanged at 4%, but policy remains “accommodative”

The European Central Bank, as forecasted, kept its key interest rate at 4% on Thursday, but President Jean-Claude Trichet hinted of future rate hikes in response to continued growth in Germany, Italy and other European countries.
Saturday, July 7th 2007 - 21:00 UTC
Shell plans to launch new exploration campaign in the Artic

Royal Dutch Shell is to launch a new exploration campaign in the Arctic north of Alaska in a bid to tap the region's vast oil and gas reserves.
Saturday, July 7th 2007 - 21:00 UTC
Global pool offers World new 7 Wonders

About 100 million votes were cast by the Internet and cellphone text messages, said New7Wonders, the nonprofit organization that conducted the poll.
Thursday, July 5th 2007 - 21:00 UTC
Fearing “pricing pressure” Bank of England raised rates to 5.75%

The Bank of England has raised interest rates from 5.5% to 5.75%, its fifth rate rise since last August and warned that inflation remains a danger, saying “most indicators of pricing pressure remain elevated”.
Wednesday, July 4th 2007 - 21:00 UTC
Doha round global trade talks heading for “deep freeze”

World Trade Organisation (WTO) chief Pascal Lamy said this week the Doha Round global trade talks risks heading into a “deep freeze” but could be saved if key countries made small concessions.
Wednesday, July 4th 2007 - 21:00 UTC
OECD-FAO: prices for farm products forecasted to keep growing

Increased demand for bio-fuels is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to a new report published by the Organization for Economic Cooperation and Development, OECD, and the United Nations' Food and Agriculture Organisation.