Oil set new record highs above a barrel on Tuesday as investors sought to hedge against a battered dollar. United States crude rose by ,80 to ,56 a barrel at 2.05pm GMT, after touching a record high of ,93. London Brent crude was up by ,91 at ,75, after a record high of ,85.
Silvio Berlusconi has won his third Italian election with a bigger-than-expected swing to the centre right, but the media magnate said it would not be easy to solve deep economic problems. Votes were still being counted on Tuesday, but with Berlusconi’s victory clear on Monday evening, centre-left leader Walter Veltroni called to concede defeat.
T Boone Pickens is famous for thinking big. He founded his Texan oil company, Mesa Petroleum, in 1956 with just 500 in the bank. After a string of audacious takeovers he turned it into an independent empire that challenged the big oil companies, and today he is worth -billion. Now this straight-talking Southerner is launching the biggest and most audacious project of his career.
United States and Iraqi forces killed 13 gunmen in clashes and air strikes overnight in the Baghdad stronghold of cleric Moqtada al-Sadr, who said the US would remain his enemy until the ”last drop of my blood”. Authorities eased a blockade on Saturday in the Sadr City district of eastern Baghdad that had trapped residents in the slum for two weeks.
Britain has offered to host peace talks on the strife-torn Sudanese region of Darfur under proposals put forward by Prime Minister Gordon Brown, his office said on Sunday. Details of the offer were released as activists in 30 countries prepared to hold a global day of action on Sunday to mark the fifth anniversary of the start of the conflict.
Archbishop Desmond Tutu had kind words on Friday for United States First Lady Laura Bush and both Democratic candidates for president. But when asked about President George Bush’s legacy to the world, Tutu avoided the question and left the stage in an exaggerated tiptoe as the audience roared.
Argentine police mobilised on Friday to guard the Olympic torch through Buenos Aires, bracing for protests against the human rights record of Olympic Games host China. The torch arrived in Argentina on Thursday to little fanfare. It will be carried past the country’s pink presidential palace and along the city’s broad avenues.
President George Bush on Thursday announced a suspension of United States troop withdrawals from Iraq this summer to allow the military to reassess the security situation. The announcement came amid a spike in violence in Iraq in recent weeks.
United States air strikes killed 10 people in the eastern Baghdad militia stronghold of Sadr City, Iraqi police said on Thursday, but street fighting eased after four days of clashes that have killed close to 90 people. The Sadr City slum has since Sunday been the focal point of battles between black-masked Mehdi Army militiamen and security forces.
President Robert Mugabe and his chief rival will attend an emergency summit of Southern African leaders to present their conflicting views of the crisis paralysing the country in the wake of hotly contested elections, spokespersons for the men said on Thursday. The opposition has said it will not take part in an election run-off.
Hillary Clinton hit out at Democratic White House rival Barack Obama over Iraq on Wednesday, as a report by war commander General David Petraeus ignited new campaign brush fires. The New York senator questioned whether Obama could live up to his pledge to bring United States troops home and lashed out at Republican nominee John McCain.
The United States mortgage crisis has spiralled into ”the largest financial shock since the Great Depression” and there is a one-in-four chance that it will cause a full-blown global recession, the International Monetary Fund (IMF) warned on Wednesday.
Iraq on Wednesday marked the fifth anniversary of the fall of Saddam Hussein’s iron-fisted regime with the nation still in turmoil, the capital under curfew and a surge of deadly violence in the Shi’ite bastion of Sadr City. Iraqi officials said three mortar rounds slammed into Sadr City, killing at least seven people and wounding 24 others.
The runway of the country’s most prominent air-force base has to be repaired ahead of next year’s election in South Africa to accommodate world leaders who will attend the inauguration of whomever is elected president. This was revealed at a visit on Tuesday of Public Works Minister Thoko Didiza to the Waterkloof Air Base in Pretoria.
The top United States general and diplomat in Iraq testify in politically charged hearings in Congress on Tuesday, and face a grilling from three senators vying to inherit the war as the next US president. General David Petraeus and ambassador to Baghdad Ryan Crocker will appear to update progress in the war.
Hillary Clinton’s faltering presidential campaign will undergo a ”mini-makeover” that will emphasise her more caring side following the departure of its main strategist, Mark Penn. Penn’s exit, announced on Sunday, follows clashes over his outside work for other clients as well as screaming matches with senior campaign staff and withering criticism of his strategy.
China on Tuesday denounced protesters who upstaged Olympic Games torch relays in London and Paris, with state media saying that saboteurs are bent on wrecking Games goodwill. An international Olympic official also criticised the protests, but said the relay would stay on its round-the-world course.
United States President George Bush’s attempts to patch up the US’s battered relationship with Russia failed on Sunday when Vladimir Putin said he continued to oppose the US’s European missile defence plans. Bush and Putin held talks in the Black Sea resort of Sochi. It was their last encounter before Putin steps down as president.
United States President George Bush and Russia’s Vladimir Putin will have one last chance on Sunday to try to mend frayed relations face-to-face but with little hope of resolving the biggest dispute that divides them. In a farewell summit the two leaders — both in the twilight of their terms — will use their personal chemistry to try to bridge differences.
More than 160 nations agreed in Bangkok on Friday to consider how to reduce rapidly growing greenhouse gas emissions from air and sea travel, in an early move towards a new global-warming treaty. The accord was the first hurdle in succeeding the Kyoto agreement in the fight against climate change.
When you actually see Barack Obama, it’s startling how slight he is and how young he looks. I watched him arrive for a meeting in Philadelphia this week, and he had an anxious, fretful little smile, as if it were his first campaign speech. His ears stick out and his clothes hang loose. Most successful American politicians look well-fed on endorsements, campaign contributions and chicken dinners.
China urged the United States to understand the true nature of the Dalai Lama clique — which it blames for stirring up last month’s violence in Tibet — and support China’s ”just position”, state media said on Thursday. China blames Tibet’s exiled spiritual leader, whom it labels a separatist, for stirring up the Lhasa violence.
Democratic presidential candidate Barack Obama on Wednesday won the endorsement of Lee Hamilton, a former Indiana congressman who is a leading United States authority on foreign relations and national security. Hamilton said Obama offers American voters the best chance to create a new sense of national unity and transcend division.
A newly declassified 2003 Justice Department memo gave United States military interrogators broad authority to use extreme methods in questioning al-Qaeda detainees, US media said on Wednesday. The memo argued that the US president’s wartime authority exempted them from laws banning cruel treatment.
United States President George Bush set the stage for a clash at his last Nato summit on Wednesday by pressing reluctant West European allies to set former Soviet republics Georgia and Ukraine on a path to membership. He also urged allies to follow the example of France and host nation Romania in providing extra troops for Nato’s battle against Islamist insurgents in Afghanistan.
Democrats Hillary Clinton and Barack Obama assailed potential White House opponent John McCain on the economy on Tuesday, accusing the Republican of favoring the wealthy and turning his back on struggling workers and middle-class families.
France will not support bids by the former Soviet republics of Georgia and Ukraine to become members of Nato, putting it at odds with the United States, French Prime Minister Francois Fillon said on Tuesday. ”France will not give its green light to the entry of Ukraine and Georgia,” Fillon told France Inter radio.
The first formal talks in the long process of drawing up a replacement for the Kyoto climate change pact opened in Thailand on Monday with appeals to a common human purpose to defeat global warming. ”The world is waiting for a solution that is long-term and economically viable,” said United Nations Secretary General Ban Ki Moon.
The United States confirmed on Sunday that US special forces units were operating alongside Iraqi government troops in Basra, where the government is battling militants loyal to Shi’ite cleric Moqtada al-Sadr. The Iraqi special forces team killed four suspected militants in a house and two on a roof before calling in an air strike.
Further unrest in Tibet’s capital appeared to have been sparked by attempts by police to carry out security checks, indicating the tension and volatility remaining in Lhasa weeks after a deadly anti-government riot. It was unclear exactly what occurred in Lhasa on Saturday but a SMS to residents from police said security checks carried out earlier in the day had ”frightened citizens”.
Chinese security forces sealed off parts of Lhasa on Saturday and Tibet’s government-in-exile said it was investigating reports of fresh protests, weeks after the city was shaken by an anti-government riot. The reports coincided with a visit by a group of diplomats, who were led on a closely guarded tour of the city.
Foreign diplomats demanded unfettered access in Lhasa Saturday after authorities allowed them to visit the riot-torn city amid debate in Europe on a possible boycott of the Beijing Olympics opening ceremony. Diplomats from 15 embassies, including those of the United States, Britain, France and Japan, arrived in the Tibetan capital for a hastily arranged one-day tour.