EuroNews24 - Oil hits 120 a barrel milestone

United Kingdom Economy

05:08:11

The price of a barrel of oil has risen above 120 for the first time, driven by concerns about the situations in Nigeria and northern Iraq. US light sweet crude rose to a record of 120. 36 a barrel in morning trading in ...

Gloom 'dents factory confidence'

05:08:10

UK manufacturers are less confident about their business prospects amid the worsening global economic outlook, a survey suggests. Only firms in Wales showed a growth in optimism for the year ahead, the research by ...

Central banks warn of inflation

05:08:10

Rising food prices pose significant inflationary risks around the world, a meeting of central bankers has warned. The very important phenomenon, came on top of rising energy, metal and commodity prices, ...

Russian law to limit investment

05:08:10

Russia will start restricting foreign investment in key sectors of the economy such as energy and aviation. Russian President Vladimir Putin signed the law just days before his successor, Presidentelect ...

Credit fear for social housing

05:08:09

The head of one of the UK's biggest social housing associations has warned that the credit crunch is threatening the government's housing targets. Tom Dacey, chief executive of Southern Housing Group, ...

Philippines rice purchase fails

05:08:09

The attempt by the Philippines government to buy rice to increase its stocks has failed when a tender attracted just one bid. The sole bidder, a Vietnam food company, did not qualify as it did not have ...

Buffett sees credit crisis easing

05:08:09

Investment guru Warren Buffett says the worst of the global credit crunch is over for Wall Street, but not for the man or woman on the street. The chief executive of Berkshire Hathaway said ...

Bangladesh firms in food move

05:08:08

Factory owners in Bangladesh have started distributing subsidised food to thousands of their lowest paid workers. Recent price rises have forced many Bangladeshis to reduce the amount they ...

UN food body 'needs scrapping'

05:08:08

An African leader has dismissed the UN's food agency as a waste of money and called for it to be scrapped. President Abdoulaye Wade of Senegal spoke out days after the UN announced an ...

No letup in India farm suicides

05:08:07

The rate of farmer suicides in India's Maharashtra state has gone up in recent years despite expensive relief schemes, a government report says. It blames poor implementation and lack of ...