New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades.
The ambitious proposal, which could become the benchmark for other cities dealing with climat
France said on Tuesday the conflict in Syria had reached a "turning point" after the fall of the city of Qusair to President Bashar al-Assad's forces, raising the question of whether to arm Syrian rebels.
The battlefield tilted against the rebels in Syria's civi
Sales of combat aircraft in the Middle East and Asia will more than compensate for cutbacks in US and European spending, Britain's BAE Systems predicted on Tuesday.
Europe's largest defence contractor forecast inte
World oil demand will grow more quickly in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, Opec said on Tuesday.
The Organisation of the Petroleum Exporting Countries (Opec) in a monthly report forecast world oil demand would
Credit rating agency Standard & Poor's has upgraded its credit outlook for the US government to "stable" from "negative," reducing the threat of a further downgrade to the country's sovereign rating.
S&P said the chances of a ratings downgrade
The Canadian-led consortium trying to buy Britain's Severn Trent threatened to walk away after its third approach was rejected, prompting two of the water utility's major shareholders to urge a return to talks.
Shares in the British company dropped almost six per cent yes
The United States could make a decision as early as this week on whether to arm Syrian rebels, a US official said on Monday.
The official, who spoke on the condition of anonymity, said the question of whether to arm rebels is on the agenda of White House meetings during the early