Davos, Switzerland - The drop in the price of oil is a result of the global economic downturn, energy chiefs said Thursday, but the fall has been too great and the current amount will not leave producing countries with enough capital for investment.
"The price is low because demand has fallen, because economic growth in most part of the world has stopped," said Tony Hayward, the head of BP.
Davos, Switzerland - Swiss police forced a Davos shop owner to remove a flag of Tibet from the window of her store, but she managed to keep writings of the Dalai Lama and Tibetan prayer books in the window, the shopkeeper told Swiss radio DRS Thursday.
Davos, Switzerland - United Nations Secretary General Ban Ki-moon called on the international community Thursday to provide quick assistance for the people in conflict-torn Gaza Strip.
At the World Economic Forum in Davos, Ban issued a so-called flash appeal for urgently needed assistance worth 613 million dollars in order to help the 1.4 million Gaza residents.
Geneva - Nearly two months after Zimbabwean President Robert Mugabe declared that the cholera outbreak in his country had been "arrested" the number of dead continues to climb, passing 3,000 this week, the United Nations Office for Coordination of Humanitarian Affairs (OCHA) said.
As of Tuesday, 3,028 people had died and 57,702 become infected with the waterborne diarrhoeal disease.
That's 273 more dead and 9,079 more cases of infection than the last OCHA update six days ago.
Bangkok/Geneva - Global unemployment would increase by 18 million to 51 million people this year from 2007 figures, depending on the extent and length of the economic crisis, the International Labour Organization predicted Wednesday.
"We are now facing a global jobs crisis," the UN organization's director general Juan Somavia said in Geneva. "Progress in poverty reduction is unravelling, and middle classes worldwide are weakening. The political and security implications are daunting."
The organization has painted three scenarios for global unemployment in 2009, ranging from bad to worst.
Davos, Switzerland - The drop in the price of oil is a result of the global economic downturn, energy chiefs said Thursday, but the fall has been too great and the current amount will not leave producing countries with enough capital for investment.
Davos, Switzerland - With the headlines screaming the glo
Davos, Switzerland - Swiss police forced a Davos shop owner to remove a flag of Tibet from the window of her store, but she managed to keep writings of the Dalai Lama and Tibetan prayer books in the window, the shopkeeper told Swiss radio DRS Thursday.
Davos, Switzerland - United Nations Secretary General Ban Ki-moon called on the international community Thursday to provide quick assistance for the people in conflict-torn Gaza Strip.
Geneva - Nearly two months after Zimbabwean President Robert Mugabe declared that the cholera outbreak in his country had been "arrested" the number of dead continues to climb, passing 3,000 this week, the United Nations Office for Coordination of Humanitarian Affairs (OCHA) said.
Bangkok/Geneva - Global unemployment would increase by 18 million to 51 million people this year from 2007 figures, depending on the extent and length of the economic crisis, the International Labour Organization predicted Wednesday.
