International

Thursday, December 28th 2006 - 20:00 UTC
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.
Wednesday, December 27th 2006 - 20:00 UTC
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.
Wednesday, December 27th 2006 - 20:00 UTC
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.
Wednesday, December 27th 2006 - 20:00 UTC
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.
Monday, December 25th 2006 - 20:00 UTC
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.
Sunday, December 24th 2006 - 20:00 UTC
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.
Wednesday, December 20th 2006 - 20:00 UTC
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.
Monday, December 18th 2006 - 20:00 UTC
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.
Saturday, December 16th 2006 - 20:00 UTC
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.
Saturday, December 16th 2006 - 20:00 UTC
First ever Spanish airliner lands in Gibraltar

An Airbus 319 from Iberia became Saturday December 16 the first ever Spanish airline to fly to Gibraltar signaling an event that after decades of tension Spain, Britain and Gibraltar are finally overcoming a centennial sovereign dispute by concentrating on cooperation and development.