Growth in the airline industry could be headed for a severe slowdown as record-high fuel prices and other factors curb demand, some aviation industry insiders warn.
The leaders of Japan and the European Union expressed their "strong concern" Wednesday over high food and oil prices and highlighted the "urgent need" to address it.
The White House on Wednesday expressed concern with reports that Pakistan´s new government is working on a peace accord with militant leaders in its tribal regions.
India has rebuffed a call by the United States for it to ask Iran to suspend its uranium enrichment programme.
Gordon Brown has pledged to examine the impact of biofuels on world food prices, at a meeting with aid agencies, scientists, supermarkets and farmers.
A plan to build the largest and most powerful hydroelectric dam in the world is being discussed in London.
Swiss bank UBS has admitted that a lack of risk control and ambitious plans to grow revenue led to its huge losses when the global credit crunch struck.
The Jamaican government has announced its backing for gambling in casinos to be legalised, despite stiff opposition from religious groups.
The online auction giant eBay is suing the popular internet community ad site Craigslist to "safeguard its four-year financial investment".
A Philadelphia Court of Common Pleas judge Thursday issued a temporary restraining orderblocking Philadelphia from enforcing new gun control legislation that would have banned the sale of assault weapons, required owners to report lost or stolen guns within 24 hours, and limited firearms purchases to one per month.
US drugs giant Pfizer posted an 18% drop in profits for the first three months of 2008 after competition from cheaper patent free products.
Citigroup has suffered a second massive loss as the credit crisis continues to take its toll on the biggest US bank.
The Simpsons has returned to TV in Venezuela after it was deemed unsuitable for children - and was replaced by Baywatch.
The U.S. Office of Thrift Supervision is crafting rules to protect consumers from abusive credit card practices such as retroactive rate increases, the agency´s deputy director told lawmakers on Thursday.
The US government will begin collecting DNA samples from every person arrested under federal laws, a Department of Justice spokesman said Wednesday.
Ofwat has cut the fine it is imposing on Thames Water, saying that while the firm provided false information it did not do so deliberately.
Japan Airlines (JAL) is to be fined $110m (£55.5m) after admitting that it helped to fix the price of cargo shipments between Japan and the US.
Peter DeFazio thinks airline passengers have enough problems and don’t need to be bothered by cell phone chatter as well.
The EU´s top trade official said Thursday that rising world prices for food must be tackled with trade deals that encourage developing nations, particularly in Africa, to boost food output.
Yahoo Inc is looking to turn over Web search advertising to Google Inc following a successful test using Google´s service to deliver ads alongside its Web search results, the Wall Street Journal reported on Wednesday, citing unnamed sources.
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