International

Thursday, November 15th 2007 - 20:00 UTC
Beijing confirms US dollar as the leading global currency

The US dollar will remain the main currency for China's massive foreign reserves despite earlier suggestions that the weakening greenback weighed too heavily, a senior Chinese central bank official said here Wednesday.
Thursday, November 15th 2007 - 20:00 UTC
Warning on US/EU interest rate gap and fund flows

The US dollar's weakness has benefits for global imbalances, but fund inflows to the United States could shrink if the gap between U.S. and Euro-zone interest rates reverses, warned Bank of Japan board member Atsushi Mizuno.
Thursday, November 15th 2007 - 20:00 UTC
OPEC: no output increase decision until December

The Organisation of Petroleum Exporting Countries (OPEC) ruled out an output increase in the coming summit and said that the surge in global fuel prices can not be tracked to shortage of oil in the market and certainly not because of the fast-growing Indian and Chinese economies.
Thursday, November 15th 2007 - 20:00 UTC
Plenty of oil for another century says Saudi Arabia

World oil reserves at current demand are sufficient for the next century and the global oil industry should aim to produce at least 3 trillion bbl from conventional recoverable resources in known fields and discoveries over the next several decades, according to the head of Saudi Aramco.
Thursday, November 15th 2007 - 20:00 UTC
EU low cost airlines accused of “misleading web info”

The European Union consumer protection chief has accused low-cost airlines of obscuring the true price of airfare. The carriers were given four months to change their advertising practices or face restrictions on their Web sites.
Wednesday, November 14th 2007 - 20:00 UTC
UN sponsored climate change conference takes off in Valencia

Government officials and scientists from around the world are gathered in Valencia, Spain, for a United Nations conference that will culminate with the release later this week of a seminal report on addressing the impacts of climate change.
Wednesday, November 14th 2007 - 20:00 UTC
EU approves plan to cut airlines greenhouse gases

The European Parliament voted Tuesday to include airlines in the EU strategy to cut greenhouse gases, giving all carriers flying within or into the 27-nation bloc until 2011 to offset some of their emissions by buying carbon dioxide allowances on the open market.
Wednesday, November 14th 2007 - 20:00 UTC
Environment friendly tourism promoted at London travel fair

The world's largest travel fair opened this week in London with a strong focus on green issues highlighting the ever-increasing pressure on the tourism industry to promote environmentally friendly ways of seeing the world.
Tuesday, November 13th 2007 - 20:00 UTC
Latest UK avian flu outbreak is virulent H5N1 strain

The type of bird flu found in turkeys on an English farm is the virulent H5N1 strain, according to UK government veterinarians. The virus was discovered on Sunday at Redgrave Park Farm near Diss, Suffolk where all 6,500 birds, most of them turkeys, are being slaughtered.
Tuesday, November 13th 2007 - 20:00 UTC
October food prices in China soar 17.6% in twelve months

China's consumer prices rose sharply in October reaching a decade-high monthly inflation rate of 6.5% adding to pressure for measures to cool the politically sensitive continuous surge in food prices.