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Latest World News

Oil rebounds to $89 after falling to 8-month low (AP)

AP - Oil prices rebounded to around $90 Tuesday in Asia after plunging to an 8-month low Monday on concerns a significant slowdown in global economic growth will undermine demand for crude.

Egypt's key stock index falls 14.5% (AFP)

AFP - Egypt's key CASE-30 stock index fell 14.5 percent in early trading on Tuesday amid fresh concerns about the global financial crisis.

Thai protesters trap legislators
Thousands of anti-government protesters surrounded Thailand's Parliament, trapping hundreds of legislators, vowing to remain until the government falls.

Markets Still Volatile as Leaders Race to Reassure Investors
European stock markets continued to slide in volatile trade Tuesday as leaders across the continent scrambled to find a united response to the raging financial upheaval.

Rwanda: Korea Telecom in $40 Million Backbone Deal
East African Business Week (Kampala) Korea Telecom (KT) has signed a US$40million deal with the Rwanda government to implement a national backbone project expected to connect the entire country on a fiber optic network. When complete, a national backbone

Clearer skies trump falling oil in Beijing gas hikes
Beijing's city authorities have raised pump prices by up to 4 per cent to cover the cost of cleaner fuel, a bold gesture of support for efficiency and green growth on a day when global oil markets hit an eight-month low. China's central government has

Quakes hit Tibet
BEIJING -- Two earthquakes jolted the capital of Tibet and surrounding areas yesterday, killing more than 30 people and collapsing hundreds of houses, China's state news agency said. Rescuers rushed in to try to save people buried in the rubble. The U.S.

Iran to participate in Asian Youth Girls' Volleyball
TEHRAN, Oct. 6 (Mehr News Agency)--Iran's girls (under 16) volleyball team is to travel to Manila, Philippines, early Tuesday to participate in the Asian Youth Girls' Volleyball Championship. The 12 countries, led by last year's defending Champion,

FedEx to face China anti-dumping investigation?
FedEx in China FedEx Express division in China has cut its prices by up to 40% in recent months. Technically it is not quite certain that it can be called dumping ? as FedEx claims it has massive excesses it needs to use? But the result, according to

Philippines protests alleged racial slur in BBC comedy show
Manila - The Philippines protested to the British government on Tuesday for the alleged racial slur against Filipino housemaids in a television show aired by the British Broadcasting Corp in London. Foreign Secretary Alberto Romulo summoned the British

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