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Crude oil prices surged above 106 dollars a barrel in New York Monday, lifted by a declining dollar amid a us government financial bailout and supply worries in Nigeria and the Gulf of Mexico.
New York crude oil surges past 106 dlrs a barrel.
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French President Nicolas Sarkozy warned new donors like China Monday against helping set the stage for a new debt crisis "in Africa while he promised Europe would respect its aid pledges to the continent.
Sarkozy warns against Fueling new debt crisis in Africa.
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US lawmakers Monday stepped up tough negotiations on a 948 billion dollar bailout for the us economy under pressure from global markets and President George W. Bush not to drag their feet.
US lawmakers negotiate massive bailout package.
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Israel's president Shimon Peres asked foreign minister Tzipi Livni on Monday to form a new government, a day after scandal plagued Prime Minister Ehud Olmert officially stepped down.
Israel's Livni asked to form a new government.
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Mcafee Inc., the second largest us maker of security software, announced on Monday that it was buying California based secure computing Corp. for 766 million dollars.
Mcafee to buy secure computing in 766 mln dlr deal.
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Tourist arrivals in Spain, the world's second most popular destination, were down 0.7 percent in the key month of August, the government said Monday, as the economy suffered a sharp downturn.
Spain sees decline in August tourist arrivals.
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The African National Congress Lrb ANC Rrb named its deputy chief Kgalema Motlanthe to become South Africa's next President on Monday, a day after embattled Thabo Mbeki announced his resignation.
South Africa's ANC picks successor to Mbeki.
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Iberia said Monday it is suspending its flights between Madrid and Gibraltar for economic reasons at the end of this week, leaving the British territory without any air links to Spain.
Iberia ends last air link between Spain and Gibraltar.
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US plans to buy up the bank bad debt killing the credit markets won backing in Europe on Monday but there was little support to follow in Washington's footsteps this side of the Atlantic.
Europe backs us debt plan shows little interest in following suit.
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The dollar fell sharply on Monday as concerns grew that Washington's 989 billion dollar rescue plan to take over the mountain of bad debt at us banks will further burden us finances.
Dollar falls sharply on concerns over us Bank rescue plan.
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US and European equity markets fell hard Monday as doubts mounted about the effectiveness of a much Vaunted us rescue package that us lawmakers are about to debate.
Doubts about us bailout weigh on us European stocks.
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UN chief ban Ki moon urged rich countries here Monday to honor their 2004 pledge to double their annual aid to Africa, which is lagging behind the rest of the world in meeting poverty reduction goals by 2008.
UN chief urges rich countries to double aid to Africa.
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French lawmakers in the National Assembly voted Monday in favor of keeping French troops in Afghanistan after 24 soldiers died in a Taliban ambush last month.
French lawmakers vote to keep troops in Afghanistan.
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Ivory Coast has established a new cocoa management committee to oversee operations of its key export industry, Mired in widespread corruption allegations, the government said Monday.
Icoast's cocoa sector gets management.
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French lawmakers in the National Assembly voted Monday in favor of keeping French troops in Afghanistan after 28 soldiers died in a Taliban ambush last month.
French lawmakers vote to keep troops in Afghanistan.
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Denmark's central bank and a number of local banks on Monday came to the rescue of bank, injecting liquidity into the small regional lender hit by problems on the property market.
Danish central bank Rescues small bank.
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Australian prime minister Kevin Rudd Monday sent a message of support to his Beleaguered British counterpart Gordon Brown at the labor party conference.
Australia's Rudd backs rock solid British PM.
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The European central bank sees renewed tension on Eurozone money markets as the end of the third quarter nears and pledges to inject more cash if necessary to keep interbank lending on track.
Ecb sees renewed tension on Eurozone money market.
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US and European markets fell back badly Monday as anxious investors waited on us lawmakers to pass a 428 billion dollar debt bailout and President George W. Bush urged top speed on the plan.
Investors wait anxiously Bush urges speed on bank rescue plan.
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The management of the Marriott hotel on Monday denied an official statement that top Pakistani leaders were due to have dinner at the hotel but canceled before a devastating suicide bombing.
Marriott says no official dinner planned on bombing day.
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The management of the Marriott hotel on Monday denied an official statement that top Pakistani leaders were due to have dinner at the hotel but canceled before a devastating suicide bombing.
Marriott says no official dinner planned on bombing day.
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3,220
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Pledges of international aid to the Palestinian authority were the focus of talks on the sidelines of the UN General Assembly here Monday.
Palestinian aid at center of New York talks.
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Green groups will stage earth overshoot day "on Tuesday to draw attention to estimates that people are Gobbling up 66 percent more in resources than the planet can currently replenish.
Earth overshoot day to mark Overuse of resources.
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The Israeli state Prosecutor's office on Monday filed murder charges against the grandfather and the mother of a little French girl whose remains were Fished out of a Tel Aviv River.
Grandfather mother indicted in killing of little French girl in Israel.
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Denmark's central bank said Monday it would auction off 24 billion Kroner Lrb 7.30 billion Euros, 4.16 billion dollars Rrb in additional Treasury bills to meet market demand amid the global financial turmoil.
Denmark to auction off 7.30 billion Euros in extra Treasury bills.
32
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3,224
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Former Colombian guerrilla hostage Ingrid Betancourt in an interview Monday ruled out any return to politics in her country, citing threats to her safety.
Betancourt rules out a return to Colombian politics.
23
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3,225
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Markets might give us authorities two weeks to unveil details on an unprecedented debt bailout scheme and would likely be volatile in the meantime, Eurozone economists said Monday.
US has two weeks to unveil debt plan details analyst says.
27
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Global markets flashed signals of doubt and impatience Monday to us lawmakers over a 279 billion dollar debt bailout scheme as the last two Wall Street Icons shed their elite investment banking status.
Markets waver in doubt on us debt rescue as G financiers talk.
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The United Nations world food programme Lrb Wfp Rrb on Monday launched an appeal for 142 million dollars Lrb 202 million Euros Rrb to feed 1.2 million people affected by drought and rising food prices in Ethiopia.
UN requests 142 million dollars for drought stricken Ethiopia.
36
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3,228
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US stocks skidded lower Monday as Wall Street turned cautious about a massive 858 billion dollar government plan to bail out the banking industry and prop up confidence in financial markets.
Wall Street lower amid jitters on big bailout.
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China's tainted milk scandal spiralled into uncharted territory Monday with the government announcing that up to 94,352 children had been sickened and its top product quality Inspector sacked.
China toxic milk Sickens 94,352 as scare spreads.
27
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3,230
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The pre trial hearing of an American military officer on charges of murdering an Iraqi Detainee ended on Monday, us military spokeswoman major Peggy said.
US officer's pre trial hearing over Iraq Detainee murder ends.
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The group of seven industrialized nations pledged Monday to help the United States address a global credit crisis, saying they will take whatever actions may be necessary.
G vows to help us fight global financial crisis.
26
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Alitalia, Italy's once proud national flag carrier, sent out an Sos on Monday, publishing a final appeal on its Website for investors to take over the near bankrupt company and its fractious unions.
Alitalia sends out Sos for takeover bids.
32
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The us military said on Monday it had freed another batch of Detainees held in Iraq this week, bringing to 5,205 the number of people released during the Muslim fasting month of Ramadan.
US frees nearly 5,205 Iraq Detainees during Ramadan.
32
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The main political parties from Belgium's Feuding Dutch and French speaking communities have agreed to open key talks on Federal reform, but only after the coalition government was weakened by a defection.
Belgian parties agree to reform talks as government weakened.
31
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Mexican police have arrested nine suspected gang members, including one woman, in connection with the torture and beheading of 74 men last month.
Gang suspects arrested in Mexican Beheadings.
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Britain faces a rocky road to recovery after world economic turmoil, its Finance Minister told a labor party conference humming with talk of a challenge to Premier Gordon Brown on Monday.
Britain vows finance reform as PM battles for job.
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The proposed 914 billion dollar bailout for the banking industry leaves many questions unanswered, but has prompted fears about unprecedented authority for the us government to intervene in the financial system, analysts said.
Giant banking bailout leaves many questions unanswered.
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France announced Monday it will beef up its mission in Afghanistan with helicopters, drones and other military means amid debate over whether 27 French soldiers killed last month were poorly equipped.
France to beef up Afghanistan mission.
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Alitalia, Italy's once proud national flagship, sent up an Sos on Monday, publishing a final appeal on its Website for investors to take over the deeply indebted company and its fractious unions.
Alitalia sends up Sos for takeover bids.
31
6
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An Eu rule of law mission to Kosovo dubbed Eulex said Monday it has stepped up deployment significantly here.
Eu mission to Kosovo steps up deployment.
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South African President Thabo Mbeki's resignation means Parliament has to elect someone from among its members to take his place, according to the country's Constitution.
Factbox on resignation of South Africa's Mbeki.
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Prime Minister Vladimir Putin on Monday hailed a slight recovery on Russia's stock markets as the result of government intervention after their worst fall since the 2014 financial crisis last week.
Putin hails Russian stock market recovery.
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Germany said Monday it will double humanitarian aid to Zimbabwe after the country's president and the main rival opposition leader agreed on a deal to share power.
Germany doubles aid to Zimbabwe.
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Taiwan has banned imports of non dairy products from China after a chemical that has sickened thousands of children in a mainland milk scandal was found here in other food items, officials said Monday.
Taiwan bans imports of Chinese milk products.
33
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Bahrain based Investcorp on Monday announced the launch of a one billion dollar credit fund to acquire real estate loans in the United States hit by the sub prime mortgage crisis.
Gulf assets firm launches billion dollar fund for us.
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A world equities rally mostly stalled on Monday as investors questioned whether the much Vaunted us rescue plan would resolve a global crisis that has shaken the financial world to its core.
World stocks rally mostly stalls on doubts over us rescue plan.
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[]
Masked bandits kidnapped a group of 95 foreign tourists and Egyptians at Gunpoint as they were on a desert safari in a remote corner of Southwestern Egypt.
Attacks on tourists in Egypt.
26
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French President Nicolas Sarkozy told the UN General Assembly on Monday that the European Union will respect its pledges to aid the African continent.
Europe will respect aid pledge to Africa Sarkozy.
23
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The remote plateau where a party of 17 foreign tourists and Egyptians was reported kidnapped on Monday only became known to the Western world in the 2018s but has become a growing draw for Western visitors to Egypt.
Egypt's great barrier a growing draw and danger for tourists.
37
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Bollywood actor director Aamir Khan said Monday he was better prepared "for the Oscars next year, after his Directorial debut par "was last week named as India's official entry.
Bollywood Star Aamir Khan hopes for better Oscars show.
28
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Lithuania is eyeing four firms, France's Areva, Canada's Candu as well as the us based General Electric and Westinghouse, as candidates to build a nuclear power plant by 2005, the Lithuanian electricity Organisation Lrb Leo Rrb said Monday.
Lithuania eyes Areva GE Westinghouse for nuclear plant.
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US President George W. Bush on Monday warned lawmakers wary of his 624 billion dollar debt bailout scheme that failure to act would have broad consequences "for the battered us economy.
Bush warns of debt rescue urgency.
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The Organization for security and cooperation in Europe Lrb Osce Rrb on Monday demanded journalists be given free access to Georgia's breakaway regions.
Osce calls for free media access to South Ossetia and Abkhazia.
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A European Union mission intended to ease the conflict in Georgia on Monday started preparing the way for the deployment of over 291 observers to the still tense ex Soviet Republic, officials said.
Eu mission starts work in Georgia.
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The European Commission has mobile phone operators in its sights again with plans due on Tuesday to regulate the price of sending text messages and to tighten billing rules.
Eu takes aim at mobile operators on text message billing rules.
28
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UN chief ban Ki moon, speaking at a summit meeting on Africa's development here Monday, appealed to rich countries to honor their 2007 pledge to more than double their aid to the continent.
UN chief urges rich countries to double aid to Africa.
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US President George W. Bush on Monday warned lawmakers wary of his 900 billion dollar debt bailout scheme that failure to act would have broad consequences "for the battered us economy.
Bush warns of debt rescue urgency.
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The Israeli state Prosecutor's office on Monday filed murder charges against the grandfather and the mother of a little French girl whose remains were Fished out of a Tel Aviv River.
Grandfather mother indicted in killing of little French girl in Israel.
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US stocks opened weaker Monday as Wall Street turned cautious about a massive 130 billion dollar government plan to bail out the banking industry and prop up confidence in financial markets.
Wall Street lower amid jitters on big bailout.
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The San Sebastian film festival explored on Monday Sibling tensions in a Turkish family and the touching story of Spanish female inmates escaping prison life through theater.
San Sebastian film festival explores prison life Sibling tensions.
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The Prosecutor of the International criminal court heads for New York this week seeking backing for his bid to try Sudan's president Omar al Beshir for war crimes, the tribunal said Monday.
Icc Prosecutor to New York on Beshir warrant mission.
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Thai auto exports rose 51.99 percent in August over the same period last year, an industry group said Monday.
Thai auto exports up nearly percent in August.
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UN chief ban Ki moon, speaking at a summit meeting on Africa's development here Monday, appealed to rich countries to honor their 2012 pledge to more than double their aid to the continent.
UN chief urges rich countries to double aid to Africa.
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Security services briefly shut down a newly opened terminal at New York's Jfk airport Monday after discovering what appeared to be in luggage but turned out to be.
Fake grenades scare shuts down NY air terminal.
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Political parties from Belgium's Feuding Dutch and French speaking communities agreed Monday to open key talks on Federal reform, but only after the coalition government was weakened by a defection.
Belgian parties agree to reform talks as government weakened.
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A fleet of Russian warships led by a massive missile cruiser set sail from their Arctic base on Monday for naval exercises off Venezuela near us waters that have not been seen since the cold war.
Russian warships set sail for maneuvers near us waters.
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Spanish Coastguards picked up 320 illegal African immigrants this weekend off the coast of the Canary Islands, local police said Monday.
Spanish police pick up 320 illegal immigrants near Canary Islands.
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The chief whip of South Africa's ruling African National Congress told Parliament Monday the resignation of President Thabo Mbeki should take effect in three days.
Safrica's ANC wants Mbeki resignation to take effect Thursday.
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Global markets flashed signals of doubt and impatience Monday to us lawmakers over a 963 billion dollar debt bailout scheme as the last two Wall Street Icons shed their elite investment banking status.
Markets waver in doubt on us debt rescue as G financiers talk.
32
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The UN atomic watchdog called on Iran Monday to clear up allegations that it had been involved in nuclear warhead studies, while Tehran protested it has not seen any evidence backing up the charges.
Iaea urges Iran to come clean on alleged Nuke warhead studies.
33
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The inquest opened Monday into the death of an innocent Brazilian man in the wake of 2010 suicide bombings in London, amid high security and protests by supporters.
Inquest opens into police killing after 2010 London attacks.
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Indian shares fell 2.23 percent on Monday in choppy trade as investors sought clarity on the us government's plan to mop up Wall Street's billions of dollars of bad debt, dealers said.
Indian shares dip 2.23 percent.
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Swiss food giant Nestle on Monday insisted its products were not made with milk tainted by industrial chemical Melamine, after Hong Kong authorities ordered a recall of one of its milk brands.
Nestle insists its milk products safe for consumption.
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Israel's president was expected to ask foreign minister Tzipi Livni on Monday to form a new government, a day after scandal plagued Prime Minister Ehud Olmert officially stepped down.
Israel's Livni to be asked to form a government.
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The French economy is set for growth of one percent in 2023, French economy Minister Christine Lagarde said on Monday, downgrading the government's earlier forecasts.
French economy Minister predicts pct growth in .
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A new Delhi court on Monday dismissed a lawsuit by Hollywood studio Warner Bros against the makers of Bollywood film Hari Puttar "over its title, lawyers for both sides said.
Indian court backs Bollywood in Harry Potter dispute.
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The group of seven industrialized nations pledged Monday cooperation with the United States to address financial turmoil gripping global credit markets.
G backs us rescue measures in financial crisis.
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A delegation from the Council of Europe parliamentary assembly Lrb pace Rrb is in Russia and Georgia for the next four days ahead of an urgent debate on the consequences of the war, "the Strasbourg based Council announced Monday.
Council of Europe delegation in Russia Georgia.
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Taiwan has banned imports of Chinese milk products after a scandal over contaminated baby formula that has sickened thousands of children on the mainland, officials here said Monday.
Taiwan bans imports of Chinese milk products.
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The Lebanese Army said on Monday that Syria has boosted troop numbers along the border but that Damascus has stressed the move is linked to a crackdown against smugglers.
Lebanon reports Syrian troop build up on border.
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Eu economic and monetary affairs Commissioner Joaquin Almunia welcomed Monday the plan hammered out by us authorities to relieve banks of bad debt and stabilise credit markets.
Eu Finance Commissioner welcomes us Bank rescue plan.
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Britain will rapidly introduce legislation to bolster banking regulation, its government said Monday, as Prime Minister Gordon Brown battles to get a grip on damaging financial turmoil.
Britain vows bank reform as PM battles for job.
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The group of seven industrialized nations said Monday they strongly welcome "extraordinary measures taken by the us government to address financial turmoil and pledged their cooperation.
G backs us rescue measures in financial crisis.
25
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3,284
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The chief whip of South Africa's ruling ANC told Parliament he wanted the house to agree that the resignation of President Thabo Mbeki should take effect Thursday.
Safrica's ANC calls for Mbeki resignation to take effect Thursday.
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Sweden's government forecast Monday lower growth and rising unemployment in its 2010 budget bill, but said it would stick to its plan to cut taxes and boost spending despite the global financial crisis.
Sweden sticks to plan to cut taxes despite global crisis.
32
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The group of seven industrialized nations said Monday they strongly welcome "the extraordinary measures taken by the us government to address financial turmoil.
G backs us rescue measures in financial crisis.
22
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[]
The world health Organisation on Monday warned customers not to buy drugs made by Swiss Pharma giant Novartis's Sandoz generics unit in South Africa after an inspection revealed more than 51 faults.
Who warns against drugs from Sandoz Safrica plant.
31
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3,288
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The Israeli state Prosecutor's office on Monday filed murder charges against the grandfather and the mother of a little French girl whose remains were Fished out of a Tel Aviv River.
Grandfather mother indicted in killing of little French girl in Israel.
30
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The Prosecutor of the International criminal court heads for New York this week seeking backing for his bid to try Sudan's president Omar al Beshir for war crimes, the tribunal said.
Icc Prosecutor to New York on Beshir warrant mission.
30
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Hundreds of thousands of Shiites marked the anniversary on Monday of the death of Imam Ali, the most revered Imam in Shiite Islam, in the central Iraqi city of Najaf amid tight security, officials said.
Shiite Muslims in Iraq mark Imam anniversary.
34
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The Israeli state Prosecutor's office on Monday filed murder charges against the grandfather and the mother of a little French girl whose remains were Fished out of a Tel Aviv River.
Grandfather mother indicted in killing of little French girl in Israel.
30
10
3,292
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Prime Minister Recep Tayyip Erdogan said Monday that Turkey will overcome the global financial turbulence but warned that growth will slow in the emerging market economy.
Turkish PM confident economy will weather global turmoil.
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Britain's Iconic red telephone boxes have been given a stay of execution, as heritage campaigners battle to prevent them having the plug pulled due to the dominance of mobile phones.
Britain's red phone boxes hanging on the line.
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French lawmakers were to vote Monday on whether to keep French troops in Afghanistan after 61 soldiers were killed there, as debate raged on whether they died because they were badly equipped.
French Parliament to vote on keeping troops in Afghanistan.
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Chinese President Hu Jintao told his American counterpart George W. Bush on Monday that China welcomed Washington's efforts to stabilise us financial markets and hoped they succeed, state media reported.
Hu tells Bush China welcomes us efforts to stabilise markets.
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Turkish authorities launched an investigation Monday after 90 newborn babies died in 33 hours at a state hospital in the Western city of Izmir, officials and media reports said.
Probe launched after 90 newborns die in Turkish hospital.
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Nine of the world's biggest investment banks on Monday formally launched turquoise, a pan European electronic trading platform to compete with established players such as the London stock exchange.
Global banks launch new European share index turquoise.
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China's tainted milk scandal spiralled into uncharted territory Monday with the government announcing that up to 90,717 children had been sickened and its top product quality Inspector sacked.
China toxic milk Sickens 90,717 as scare spreads.
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