International
InternationalHuge ice shelf adrift in the Arctic, reports Canada
An ice island the size of a small city is adrift in the Arctic after breaking free from one of Canada's largest ice shelves, reported on Friday Canadian scientists.
Euro becomes the world's favourite currency
The US dollar bill's standing as the world's favourite form of cash is being pushed aside by the five-year-old euro with the value of Euro notes in circulation totaling 614 billion compared to the equivalent 588 billion Euros in greenbacks.
New homes sales figures boost Wall Street to record high
Sales of new homes in United States picked up in November following a big drop in October, while the backlog of unsold homes on the market became somewhat smaller, according to the latest report from the Commerce Department released Wednesday.
Asian communications collapse following Taiwan earthquakes
Telephone lines and Internet service collapsed across much of Asia on Wednesday after two powerful earthquakes off the southern tip of Taiwan damaged undersea cables used by several countries to route calls and online traffic.
After six years Morocco and EU agree on fisheries
Morocco's parliament unanimously ratified this week the fisheries agreement with the European Union which entitles 119 EU fishing vessels to operate in the North African country's waters.
China to pursue “prudent monetary policy” in 2007
China will continue to pursue a prudent monetary policy in the coming months, aiming to keep the Yuan exchange rate stable at a reasonable and balanced level, said Monday China's Central Bank in Beijing.
Search operation for crew members of sunken fishing vessel
Two crew members from a Korean fishing vessel that sunk in the South Atlantic at mid week remain unaccounted for in spite of the intense search and rescue operation.
Latest data question US inflation is under control
United States producers' prices (wholesale prices) registered last November the biggest increase in three decades, while the housing slump showed signs of bottoming out.
Norway creates world's largest offshore oil company
Norway's leading hydrocarbons' company Statoil ASA announced Monday the acquisition of Hydro oil and gas ASA creating the world's largest offshore operator. The new company will have a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalents.
Spanish airline Air Madrid suspends all flights
Privately owned carrier Air Madrid suspended all its flights on Friday, leaving tens of thousands of passengers stranded over Christmas and blaming its action on a development ministry threat to suspend its license.
