Category: World

BASEL, June 30, 2008 (AFP) – Emerging markets, which economists say are able to withstand the current financial crisis, could still be hurt by an economic slowdown in the United States, the world’s top forum of central bankers warned Monday.The Bank for International Settlements said in its annual report that the United States remained a […]

LONDON, June 30, 2008 (AFP) – The euro rose against the dollar on Monday as oil prices rocketed past 143 dollars per barrel for the first time, while traders awaited this week’s expected rate rise from the European Central Bank. The European single currency rose to 1.5823 dollars in morning London trading from 1.5775 dollars […]

WASHINGTON, June 29, 2008 (AFP) – One woman outsourced the breaking off a relationship.A man sought bidders to clean his ears, and found someone highly qualified. Both turned to a new breed of US company that harnesses the worldwide web to get someone else to take on the difficult and tedious tasks in life or […]

PARIS, June 29, 2008 (AFP) – Industrialised countries should seize the opportunity of high world food prices to cut subsidies for farm production, the OECD advises in a review of agriculture policies.Published as the World Trade Organization gears up for an attempt to break through agriculture, subsidies and other issues blocking a world trade deal, […]

MUMBAI, June 28, 2008 (AFP) – Indian shares are set to run into rough weather again next week, as global crude prices and domestic inflation continue to surge, raising fears of further monetary tightening, dealers said.Investors are also wary of rising political uncertainty with media reports suggesting Friday that India’s ruling Congress party may decide […]

MOSCOW, June 28, 2008 (AFP) – The chief executive of Russian energy giant Gazprom has proposed setting up a European network of service stations for cars fuelled by natural gas, as an alternative to petrol.“We are proposing to our European partners the creation of a network of natural gas stations in Europe with the participation […]

NUSA DUA, June 28, 2008 (AFP) – A conference in Indonesia on the international waste trade ended without breaking a 14-year impasse over the sale of hazardous waste across borders, the host’s delegate said Saturday.The five-day conference on the resort island of Bali ended late Friday with a coalition of countries again stalling the ban […]

PORT BLAIR, June 28, 2008 (AFP) – A powerful 6.3-magnitude earthquake struck off India’s Andaman islands in the Indian Ocean on Saturday, the US Geological Survey said. The Andaman and Nicobar chain of 536 islands, 58 of them inhabited, was badly hit by the 2004 tsunami, with hundreds dead and more than 3,000 still officially […]

BEIJING, June 28, 2008 (AFP) – China’s capital Beijing is to raise its minimum salary by 10 percent in a bid to help the worst-off cope with rising inflation, state media said Saturday. Beginning from July 1, the minimum monthly salary for city employees will rise from 730 to 800 yuan (106 to 116 dollars), […]

LONDON, June 27, 2008 (AFP) – European stocks mostly fell on Friday as oil prices shot to record levels, but losses were less than falls on other global markets hit by soaring crude costs and a weak US economy. Concerns are growing among investors that rising energy costs will fuel inflation and lead to higher […]

HARARE, June 27, 2008 (AFP) – The prices at Dzidzai Guti’s makeshift stall can seem eye-popping, with rotting oranges, a pack of cigarettes and bananas fetching as much as 250 million Zimbabwean dollars.But the 27-year-old gardener struggles.He and his wife, who works as a maid, live in a room in the back of his boss’s […]

SINGAPORE, June 27, 2008 (AFP) – Oil prices eased in Asia on Friday after reaching 140 dollars for the first time following the OPEC president’s forecast that prices could soon surge as high as 170 dollars a barrel. New York’s main oil futures contract, light sweet crude for August delivery, dropped 18 cents to 139.46 […]