Bank of England Governor Mervyn King has called for a legislative overhaul to help prevent a repeat of the Northern Rock banking crisis.

On the eve of the 10th anniversary of the adoption of the Anti-Personnel Mine-Ban Treaty, over a dozen United Nations officials have joined their voices to hail progress in reducing these weapons while urging greater action to eliminate them.

The Dutch champions PSV Eindhoven began this seasons Champions League campaign with a narrow but valuable 2-1 victory over the Russian champions CSKA Moscow.

The leading Norwegian krill harvesting company Aker BioMarine is losing ground in the Oslo Stock Exchange. It looks like the investors who put their monies in the company when it was listed in June, are now getting cold feet.

Oil soared to fresh record highs in New York Tuesday as traders viewed the half-point cut in interest rates by the Federal Reserve as an economic boost that would keep energy demand high.

The UN General Assembly opened its 62nd session Tuesday with a call by its new president to strengthen the organization's capability to deal with world issues - climate change above all.

Up to 10 British tourists are feared to be among 90 people killed in a horrific plane crash in Thailand as it attempted to land during heavy wind and rain.

Britain's biggest sale of breeding lambs has been cancelled because of restrictions on animal movements.

The Government will give planning approval for the world's first large scale wave farm off the UK coast.

The European Union's top justice official is advocating for the bloc to open it's doors to 20 million more immigrant workers over the course of the next two decades.