International

Friday, July 27th 2007 - 21:00 UTC
UN calls industrialized countries to help with climate change

Warning that failure to act on climate change will have grave consequences for all countries, Secretary-General Ban Ki-moon in San Francisco called for urgent international action to address the problem within the framework of the United Nations.
Friday, July 27th 2007 - 21:00 UTC
Week ends with global share sell-off fears unabated

Unite States stock markets dropped sharply Friday, extending a global share sell-off amid fears about the effect of higher interest rates on the world economy. There are growing concerns that higher rates will hit corporate profits and takeover deals, and dent consumer spending.
Thursday, July 26th 2007 - 21:00 UTC
US slowdown makes China largest contributor to global growth

The International Monetary Fund raised its forecast for growth in the global economy for this year to 5.2%, up form its April forecast of 4.9%.
Wednesday, July 25th 2007 - 21:00 UTC
First RN Type 45 destroyer begins period of sea trials

The first of the Royal Navy's latest Type 45 warships, “Daring” – the largest and most powerful air defense destroyer built in Britain – sailed late this month down the Clyde to begin an intensive period of sea trials.
Tuesday, July 24th 2007 - 21:00 UTC
Worst floods in 60 years hit UK; next 36 hours critical

The United Kingdom emergency responses committee met Monday amid fears a power substation supplying thousands of homes in Gloucester may be lost to flooding, considered the worst since 1947.
Tuesday, July 24th 2007 - 21:00 UTC
EU urges China more surveillance about product safety

The European Union urged China on Monday to be more vigilant about product safety, from toothpaste to pet food, and to provide more information about the measures it takes against manufacturers of fake or shoddy exports.
Friday, July 20th 2007 - 21:00 UTC
China roars ahead at the fastest pace in a decade, 11.9%

China's economy expanded at its fastest pace in over a decade in the second quarter, data showed Thursday, raising expectations authorities will act quickly but not severely to stop overheating.
Friday, July 20th 2007 - 21:00 UTC
China hikes rates to curb inflation and cool economy

The People's Bank of China (PBC) ordered Friday an increase of 0.27% of a point in commercial banks' benchmark one-year deposit and lending rates to keep inflation in check. The increases will take effect on 21 July and is the fifth since April 2006.
Friday, July 20th 2007 - 21:00 UTC
Oil demand, and prices, forecasted to keep increasing

Global demand for oil will increase significantly next year, with greater pressure on prices, said the International Energy Agency (IEA) in its monthly report.
Friday, July 20th 2007 - 21:00 UTC
Poor earnings and housing slump push US markets down

United States stocks fell sharply on Friday following disappointing earnings from Caterpillar and Google. Worries over the impact of the housing slump and losses from risky mortgages also weighed on stocks.