
The People's Bank of China, (central bank) in a summary of its second-quarter policy meeting, pledged to keep a consistent monetary stance, the same word used on Friday by the top leadership of the ruling Communist Party to describe the planned thrust of economic policy for the rest of 2008.

Australian investigators are exploring the possibility that an oxygen cylinder could have exploded mid-flight on the Qantas jumbo jet from London that was forced to plunge 20,000 feet and make an emergency landing in the Philippines.

The current ministerial summit in the framework of the WTO Doha Round of world trade talks has been extended until Wednesday in an effort to save the negotiations from collapse.

A hole the size of a small car in the underside of a Qantas jumbo jet carrying 346 passengers forced the pilot to make an emergency landing Friday after a rapid descent over the South China Sea

Southern Chile's Chaiten Volcano, which erupted in early May for the first time in recorded history, is once again making its presence felt.

Critics have increased the pressure on British Prime Minister Gordon Brown after Labor's defeat in the Glasgow East by-election, but colleagues have leapt to his defense

The ministerial meeting in Geneva in the framework of the World Trade Organization (WTO) long-running Doha round talks has failed to break the deadlock and several issues remain intractable, from farm subsidies to car import duties.

Moscow and Tokyo top the list of the world's most expensive locations for the third year running, according to the annual report from consultants Mercer which considers 143 cities all over the world. Asunción in Paraguay figures as the less expensive place to live.

Venezuelan president Hugo Chavez currently on a European tour is scheduled to meet Friday with Spain's King Juan Carlos in Palma de Mallorca, where the royal family is enjoying their summer holidays. The news was confirmed in Madrid by the royal palace and the presidential office.

The Arctic could hold as much as 90 billion barrels of undiscovered oil and has as much undiscovered gas as all the reserves known to exist in Russia, US government scientists have said in the first governmental assessment of the region's resources.