Oil prices briefly surged above US$66 a barrel yesterday, driven to new six-month highs by the fear that strained relations between Iran and the West could put exports in jeopardy, as US gasoline inventories are declining and demand is strengthening.
More than 3 billion people condemned to premature death
By Fidel Castro Ruiz (*)
Pieces of space junk from a Russian satellite coming out of orbit narrowly missed hitting a jetliner over the Pacific Ocean overnight.
The United Kingdom government should conserve peat bogs as a way of curbing climate change, the National Trust is urging, reports BBC.
The United Kingdom government must wake up to the fact that the upturn in the world economy has the potential to make beef much more expensive for consumers and, by implication, stretch supplies.
Oil held below $63 on Tuesday after hitting a 2007 high the previous day on the widening political dispute between Iran and the West and concerns over supply in the United States due to refinery glitches.
Bank of Japan board members decided to gradually raise interest rates following on developments in the economy and prices, according to the minutes of the February meeting and confirmed by Governor Toshihiko Fukui.
A bitter diplomatic row has broken out on a tiny south Atlantic island and British dependency that played a key role in the Falkland Islands conflict 25 years ago, reported this week the Daily Telegraph.
A recession in United States does not seem likely but can't be discarded warned on Monday the InterAmerican Development Bank, IDB, emphasizing that the region's economic scenario in 2007 is closely linked to events in the world's leading economy.
As Europe approaches its fiftieth anniversary of the block's founding Treaty of Rome, 44% of citizens think life has got worse since their country joined the club, according to the latest public opinion poll released Sunday by the Financial Times.