Latest articles on Us Government

Oil prices pause within sight of $120

World oil prices paused within sight of the $120 level on Thursday after a mixed report on United States energy stockpiles, dealers said. In Asian afternoon trading, New York's main oil futures contract, light sweet crude for delivery in June, slipped 25 cents to $118,05 per barrel.

Hi-tech battle in Georgia skies heralds wider danger

The alleged downing by a Russian MiG-29 of a Georgian reconnaissance drone could be a foretaste of battles to come as Georgia seeks Nato membership and protection from the West, analysts say. The dramatic confrontation in the skies over Abkhazia pitted one of the most modern Russian fighter planes against the unmanned aircraft.

Oil prices soar on Iraq pipeline attack

Oil prices leapt higher on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said. New York's main oil contract, light sweet crude for delivery in May, rose by $1,68 to close at $107,58 per barrel. In intraday trade it had hit $108,22.

G7 finance chiefs see growing risks to global economy

Top world finance ministers warned on Saturday that the global economy faces growing threats from a United States housing slump and credit crunch. The finance chiefs from the Group of Seven (G7) industrialised nations said their economies were set to lose steam in the near future but remained fundamentally solid.

Bush visit to Africa to centre on Tanzania

United States President George Bush will spend most of his time during a five-nation tour of Africa later this month in Tanzania, to spotlight development gains in the East African nation. "This is a success story," said US embassy public affairs officer Jeffery Salaiz of Tanzania, during a press conference held in Dar es Salaam on Tuesday.

Former chess champion Bobby Fischer dies

Former world chess champion Bobby Fischer has died of an unspecified illness, a spokesperson for the late champion said on Friday. He was 64. Fischer, who beat Russian Boris Spassky in 1972 to become world champion, was considered by some chess experts to be the greatest player of all time.

The new-generation space station

Some time before 2050, satellites collecting solar power and beaming it back to Earth will become a primary energy source, streaming terawatts of electricity continuously from space. That's if you believe a recent report from the Pentagon's National Security Space Office.

The new-generation space station

Some time before 2050, satellites collecting solar power and beaming it back to Earth will become a primary energy source, streaming terawatts of electricity continuously from space. That's if you believe a recent report from the Pentagon's National Security Space Office.

To get to Paradise, some Americans go to Intercourse

In Texas, amorous couples get engaged in Loving -- and then go to Looneyville via Hoop and Holler. Earth is also in Texas, and lies about 2 400km away from Mars and Venus, both in Pennsylvania. And the good people of Rising Sun, Maryland, probably have close ties to their kinfolk in Hot Coffee, Mississippi, Toast in North Carolina and Two Egg, Florida.

Oil crosses $98 a barrel

Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries's apparent reluctance to pump more crude into the market also boosted prices.

Dollar slumps to fresh low against euro

The dollar struck a new all-time low against the euro on Friday as technical factors offset positive United States jobs data, dealers said. In European trade, the euro rose to a record $1,4525. It later fell back to $1,4484, compared with $1,4422 in New York late on Thursday.

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