
The European Central Bank raised its key interest rate by 25 points to 4% Wednesday and hinted that further hikes could come to tame inflation in a dynamic euro-zone economy.

Representatives of more than 100 governments converged in Geneva today to launch a new United Nations-chaired forum on disaster reduction that is expected to the major international consultative group on the issue.
President Oscar Arias announced Wednesday that Costa Rica has broken diplomatic ties with Taiwan and established relations with China, delivering a blow to Taipei?s fragile international standing. Arias said Costa Rica needed to strengthen ties with China to attract foreign investment.
The Bank of England left Thursday UK interest rates unchanged at 5.5% but analysts say a rate rise later this year remains likely. UK rates have been increased four times since August last year in an attempt to rein in inflation.

The Chief Minister Peter Caruana arrived at a rain-soaked New York city last night set to address the United Nations this morning. He will be addressing the Committee of 24 at the United Nations and later hosting a lunch for the Gibraltar-American Council before his return to Gibraltar on Wednesday. The session coincides with a visit today by Ban Ki-moon the UN Secretary General.

The latest video clip of Fidel Castro was shown Monday on state television to promote an interview of the convalescing leader to air Tuesday, his first formal interview since taking ill 10 months ago.

Britain warned Moscow it must decide whether it wanted a constructive relationship with the West after president Vladimir Putin threatened to target Europe with Russia's nuclear weapons.
Robert Zoellick, US President George W. Bush's choice to run the World Bank, is embarking on a US government-paid global tour to Africa, Europe and Mexico and Brazil in Latin America, as the US seeks to mend relationships strained by the turbulent tenure of the bank's outgoing president.
Spanish court has ordered the interception of two United Sates vessels should they leave Gibraltar, amid a row over treasure from a shipwreck. A judge in Cadiz instructed police to capture the ships if they entered Spanish waters, Spanish media said.
Battle for conservation of sharks and cedar trees begins in The Hague
The Convention on International Trade in Endangered Species is expected to call for new limitations on commercial fisheries and timber, particularly certain species of sharks and cedar trees which are extensively used for furniture and humidors.