As of next month, the Organisation of the Petroleum Exporting Countries (OPEC) will be reducing its output by 1.5 million barrels a day.
US Republican presidential candidate John McCain is to campaign in Colorado, as he seeks to take advantage of his rival\'s brief absence from the trail.
The Fire Brigade in London is investigating a suspicious package that has forced the evacuation of London City Airport.
The head of Colombia\'s intelligence services has resigned after admitting her agents spied on left-wing political opponents of President Alvaro Uribe.
Eight students have been killed after a religious school in north-western Pakistan was hit by a United States missile.
South Africa\'s parliament is expected to scrap the country\'s independent crime-fighting unit.
A court in Ivory Coast has sentenced two people to 20 years and five years in jail for dumping hundreds of tonnes of toxic waste in Abidjan in 2006.
A South African judge has granted prosecutors leave to appeal a decision to cancel corruption charges against the governing party leader Jacob Zuma.
Researchers have predicted that there could be several problems with the elections in the United States on November 4.
The International Monetary Fund (IMF) has warned that more European banks may fail as doubts persist about the viability of their business models.
Lloyd\'s of London, the world\'s biggest insurance market, has said that hurricanes Gustav and Ike will cost at least US$2.34 billion in damage claims.
The Thai Supreme Court has sentenced Former Thailand Prime Minister Thaksin Shinawatra to two years in prison after he was found guilty of corruption.
Efforts to resolve Zimbabwe’s political crisis remained stalled yesterday after the opposition Movement for Democratic Change (MDC) failed to turn up for talks in Swaziland.
A woman in northern India has admitted to chopping off the head of a man who she said tried to rape her.
At least 20 people were killed after clashes broke out across the Somali capital, Mogadishu.
One day after Caricom signed the Economic Partnership Agreement, a UK-based charity group has accused the European Union of betraying the Caribbean\'s development goals.
India\'s biggest private airline, Jet Airways, has reinstated more than 800 of its employees whose dismissal on Wednesday sparked public protests.
The US and media campaigners have condemned the guilty verdicts on two Vietnamese journalists who helped expose a big corruption scandal.
Wall Street has suffered its biggest drop in 21 years amid fears of a global recession.
European leaders are calling for major reform of the global banking system.
A Commission established to probe post-election violence in Kenya is recommending that an international tribunal be set up in that country to try those implicated in last year’s clashes.
Canadians are now voting in the country’s third general election in four years and with the global financial crisis looming over the poll.
Three wildfires driven by strong winds have destroyed dozens of houses near Los Angeles and claimed at least two lives.
Canadians are heading to the polls for the third time in four years today to choose their 40th parliament.
The government in the United Kingdom said it plans to inject up to 37 billion pounds of taxpayer cash into three of the country’s banks.