The rising costs of energy, metals, manpower, transport, and so on, have conspired with the unfavourable foreign exchange developments of the year to make it an altogether tough time for the global seafood industry. Still, despite many sector hardships, the picture is hardly consistent.

The British Government has told the United Nations that Gibraltar, --which is disputed by neighboring Spain-- should be removed from the Unite Nations list of colonies, reports the Gibraltar Chronicle.

The oil price rebounded on Friday to gain over ten dollars a barrel to almost 139 while US stock prices plummeted following the report of a sharp rise in unemployment. Oil soared after Israel raised the specter of an Israeli military strike on Iran and reports that it could reach 150 US dollars a barrel by July.
Japanese banks are feeling the fallout from the US subprime mortgage crisis and the credit crunch, according to the country's financial watchdog.
The Spanish government on Friday authorized the extradition to the United States of a suspected Syrian weapons dealer accused of planning to supply arms to Colombian rebels, the government said in Madrid.

The leaders of the world's airlines unanimously agreed to a resolution calling for governments, airports and labour to take immediate action to help the industry survive the growing financial crisis.
Police clashed Wednesday with hundreds of fishermen protesting against the high cost of fuel outside the headquarters of the European Union in Brussels reported BBC.
The European Central Bank (ECB) left interest rates for the Euro zone unchanged at 4% but admitted an increase was possible at its next meeting because risks to price stability over the medium term have further increased.
The Bank of England Monetary Policy Committee, MPC, decided Thursday to hold interest rate at 5%. The decision had been widely expected amid concerns about the pace of inflation.
The United Nations World Food Programme said on Wednesday that it will provide 1.2 billion US dollars in additional food aid in the 62 countries hit hardest by the current crisis resulting from the surge in food and fuel prices.