Obama to announce partial "spending freeze"
According to administration officials, US president Barack Obama is to announce a partial government spending freeze to try and lower the country's current US$1.4 trillion deficit in the 2011
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Dubai World refused permission to use QE2 as floating hotel in Cape Town
RMS Queen Elizabeth 2 (the QE2) will not be sailing to Cape Town, South Africa. Cape Town has refused the vessel permission to berth for use by owner Dubai World as a floating
Wales railway upgrade proposals would cost £5bn, says expert
A committee of Welsh Assembly politicians has called for an extensive programme of works to upgrade the railways in Wales, saying that Wales is not being treated fairly in comparison with other parts of the United…
Unreported tainted milk incident publicised in China
The health department in Guizhou province, China has ordered three batches of milk products to be removed from sale after the discovery they contain melamine. In 2008 six children were killed by milk contaminated with…
Bill Gates: Full economic recovery could take years
Bill Gates, the world's richest man and chairman of Microsoft, has said that he thinks it could take several more years for the global economy to rebound after the recent recession, which most economists believe began…
Japan Airlines to file for bankruptcy
Japan Airlines (JAL), Asia's largest airline, is expected to file for bankruptcy protection on Tuesday, bringing an end to months of speculation about the airline's financial future, riddled by
Google may shut down Chinese operations due to censorship and cyber attacks
The U.S.-based multibillion dollar online search engine, Google Incorporated, has announced Tuesday in a public statement on its official blog that the company has been the victim of a "highly sophisticated" and…
World's largest package delivery service to cut 1,800 jobs
United Parcel Service (UPS), the world's largest package delivery service, has announced that it will cut 1,800 administrative and managerial
Bank of England holds interest rates at record low
The Bank of England has held UK interest rates at 0.5% for another month. The rate is the lowest ever, and has remained in place since March last year as part of the central bank's response to the global financial…
Giant tuna sold for $177,000 at Japanese fish market
This Tuesday, at a wholesale auction at the Tsukiji fish market in Tokyo, a 512-pound bluefin tuna was sold for over sixteen-million yen ($177,000 USD). The great fish was bought and then shared by the owners of a local…
China to surpass Japan to become second largest economy
The Chinese economy is likely to overtop the Japanese economy and become the second largest in the
Russia raises minimum vodka prices
The Russian government has raised the minimum price for vodka in an effort to combat alcoholism. The new minimum price for a half liter of vodka is now 89 roubles (US$2.94, €2.05), nearly double what it was before the…
Students raise record amounts of money during Christmas fundraiser at Benet Academy, Illinois
Students at Benet Academy in Lisle, Illinois, United States raised record amounts of money this year during their Christmas Drive
Obama declares tougher emission targets before Copenhagen summit
Barack Obama has set tougher emission targets in a White House speech. He said, the USA intends to reduce its greenhouse gas emissions "in the range of" 17 percent below 2005 levels by 2020 and 83 percent by 2050. Obama…
Benet Academy, Illinois students support classmate with leukemia
Students at Benet Academy in Lisle, Illinois, United States, have raised money and offered support for Jenna McKeown, a classmate who was recently diagnosed with
Austrian students' protests expanding through Europe
A Europe-wide student movement, started in the Austrian capital of Vienna, is developing. It started on 28 October 2009 and met with the discussions following the Conference of the Ministers for Education and Cultural…
'Twin Towers' warship set to enter New York
A warship built with steel from the World Trade Center is set to enter New York and travel up the Hudson River to the site of Ground Zero. 7.5 tons of steel from the buildings have been used in the construction of the…
UN says more investment in agriculture needed to tackle world hunger
The director general of the U.N. Food and Agriculture Organization is calling for more investment in agriculture in the developing world to tackle the problem of food insecurity. Jacques Diouf told Parliamentarians…
Apple and Orange pair up in UK iPhone deal
Mobile operator Orange has announced it will soon be selling Apple's iPhone in the United Kingdom. The deal marks an end to rival network O2's position as sole UK supplier of the
Eight children taken to hospital after being hit by car in Suffolk, England
Eight children were taken to hospital on Friday after being struck by a car in Suffolk,
