International

Tuesday, February 26th 2008 - 21:00 UTC
Wheat prices soar on export restrictions and short supply

Wheat prices have hit a record level of 12 US dollars a bushel as supplies dwindle, raising concerns about growing food inflation. Investors fear that a shortage of high quality milling wheat will keep prices high for the cereal used in bread, pasta and other foods.
Tuesday, February 26th 2008 - 21:00 UTC
US recession fears see dollar collapse to 1.50 per Euro

The US dollar has fallen to a fresh record low against the Euro, after weak economic data renewed fears that the US economy may be facing a more serious recession than anticipated.
Monday, February 25th 2008 - 21:00 UTC
In 100 days paper air tickets to the museum, says IATA

The International Air Transport Association (IATA) announced last week that an important countdown to 100% e-ticketing had begun. “In 100 days the paper ticket gets put in a museum. On June 1, 2008 we will achieve 100% electronic ticketing,” said Giovanni Bisignani, IATA's Director General and CEO.
Monday, February 25th 2008 - 21:00 UTC
Spain leads as EU main attraction for foreign tourists

The number of nights spent in hotels by tourists in 2007 was highest in Spain followed by France, Germany and the United Kingdom according to the latest European statistics. The former Eastern Europe countries however registered the highest growth rate.
Sunday, February 24th 2008 - 21:00 UTC
Britain's Virgin Atlantic in first biofuel flight

The first flight by a commercial airline to be powered partly by biofuel is to take off from London.
Friday, February 22nd 2008 - 21:00 UTC
Euro zone forecast: less growth and higher inflation

Economic growth across the Euro zone will be lower in 2008 than estimated, while inflation will stay high, the European Commission has said. Brussels expects growth of 1.8% this year in the 15-nation Euro zone which is lower than its November estimate of 2.2%, and below the growth rate of 2.7% recorded in 2007.
Friday, February 22nd 2008 - 21:00 UTC
Drastic cuts and layoffs in Chile's salmon industry

The world's leading salmon producing company Marine Harvest described the emergency program to be implemented in Chile's farms, --sacking 25% of personnel--, as “painful”, but the only one that ensures the survival of the company.
Friday, February 22nd 2008 - 21:00 UTC
Oil price surge is driven by demand growth, argues IMF

The surge in oil prices this week to over 100 US dollars a barrel is part of a trend of higher oil prices driven largely by sustained growth in demand that is likely to have little effect on global growth, according to an International Monetary Fund spokesperson.
Friday, February 22nd 2008 - 21:00 UTC
One Norwegian equals 20 Chileans in salmon industry

Norwegian production of salmon is highly intensive and with massive use of technology together with a quick response logistics web makes it the leading country in the industry world wide.
Wednesday, February 20th 2008 - 21:00 UTC
Additional cuts to British fishing patrols announced

The British government will make new cuts in the number of Royal Navy patrols that protect British waters from illegal fishing, a move that conservationists warn could cause illegal fishing to skyrocket.