BBC
24 Nov 06 The dollar has plunged to its lowest level against the euro since April 2005 amid concerns for the US economy.
The euro surged to $1.3086 against the dollar, with many other currencies following suit. Sterling rose almost 1% to $1.93, the yen hit a two-month high and Russia's rouble rose to a seven-year high. Analysts have voiced concerns about the US economy after the White House downgraded its growth forecasts amid a sharp slowdown in the housing market. Meanwhile, expectations that the European Central Bank is once again about to raise interest rates gave a lift to the euro. |
NewScientist.com news service
24 November 2006 MORE troubles have bubbled up for petroleum giant BP in its Alaskan oilfields.
In March, pesky bacteria ate holes in the pipeline carrying crude oil over the permafrost from Prudhoe Bay, causing the largest-ever oil spill on the Alaska North Slope. Now a court may decide BP owes a local Inuit family millions in unpaid royalties. |
AFP
24 Nov 06 Supporters of veteran Hong Kong journalist Ching Cheong have expressed disappointment and anger at a Chinese court decision to uphold his five-year prison term for spying for Taiwan.
The Beijing High Court rejected the appeal by Ching, the chief China correspondent for Singapore's Straits Times newspaper, on Friday, according to his lawyer and China's official Xinhua news agency. |
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