“His change of attitude is driven by increasing Italian exasperation with repeated delays in formulating an effective response to a crisis on bond markets that has put Spain and Italy in the front line against an existential threat to the euro and perhaps the whole European Union.”
“According to the U.N. report, global corn prices surged nearly 23% in July, exacerbated by “the severe deterioration of maize crop prospects in the United States, following drought conditions and excessive heat.”"
“A statement says the $700-million transaction calls for Posco Engineering and Construction Ltd. to build a 300-megawatt steam power generation plant in Irbil in three to six months, and a 400-kilovolt power transformer in Sulaimaniyah within eight months.”
“While he backed the ECB’s willingness to address “severe malfunctioning” in the government bond market, Monti said the problems “have to be solved quickly now so that there’s no further uncertainty about the euro zone’s ability to overcome the crisis.””
“The law is designed to hinder British ships involved in oil exploration in waters belonging to the islands and will be seen as the latest in a series of provocations in the run up to the 30th anniversary of the Falklands War.”