International

Thursday, October 18th 2007 - 20:00 UTC
The US dollar faces and “extended period of decline”

The US dollar is in the midst of an extended period of decline which is forecasted to continue until the third quarter of next year according to the US Manufacturers Alliance/MAPI quarterly forecast.
Thursday, October 18th 2007 - 20:00 UTC
Ozone hole smaller because of milder weather says UN

Although the ozone layer over the Antarctic this year is relatively small, this is due to mild temperatures in the region's stratosphere this winter and is not a sign of recovery, the United Nations World Meteorological Organization (WMO) said Thursday.
Thursday, October 18th 2007 - 20:00 UTC
PetroChina becomes world's second largest company

China's main oil coporation, government owned PetroChina Co. Ltd. shot past giant General Electric Co. to become the world's second-largest company. After its stock rose 13% on hopes of big new oil discoveries, the company's market value reached more than 430 billion US dollars, second only to Exxon Mobil Corp.'s 518 billion.
Wednesday, October 17th 2007 - 20:00 UTC
OPEC blames oil record prices on market speculation

As oil prices hit new records the cartel of oil exporting countries promised Tuesday to respond to any supply disruption but also expressed concern about the rising prices which it attributes largely to “market speculations”.
Wednesday, October 17th 2007 - 20:00 UTC
Odyssey ship arrested after gunpoint encounter at sea

'Odyssey Explorer', the flag ship of the treasure hunting sea archaeologists Odyssey Marine Exploration (OME), has been arrested along with its captain by the Spanish authorities following a dramatic gunpoint encounter at sea three miles south of Gibraltar.
Wednesday, October 17th 2007 - 20:00 UTC
Migrant workers' remittances reached 300 billion in 2006

Migrant workers sent home more than 300 billion US dollars to their families in developing countries in 2006, according to a study released Wednesday in Washington, D.C. by the International Fund for Agricultural Development (IFAD) and the Inter-American Development Bank (IDB).
Wednesday, October 17th 2007 - 20:00 UTC
EU warns China about “deeply unequal” trade relationship

The European Union trade relationship with China is “deeply unequal” said EU Trade Commissioner Peter Mandelson stressing that the EU sells more goods to Switzerland than to China.
Wednesday, October 17th 2007 - 20:00 UTC
UK preparing sea bed claims off British Antarctica

The United Kingdom has increased the list of claims of seabed rights to include a large chunk off Antarctica, an area of over a million square kilometers, according to reports in the British press quoting a spokes-woman from the Foreign Office.
Wednesday, October 17th 2007 - 20:00 UTC
Holland edge closer to Euro '08 qualification

Holland are virtually certain to qualify for the 2008 European Championships after an unimpressive 2-0 victory over Slovenia. The Dutch need just two points against the bottom teams Luxembourg and Belarus to be certain of qualification.
Tuesday, October 16th 2007 - 20:00 UTC
Turkey and weak dollar push oil prices to new record high

Crude oil traded on Monday in New York above 86 US dollars a barrel on concern oil shipments may be disrupted if Turkish forces pursue Kurdish militants in Iraq.