
America prepares to ride oil price wave
Oil affects the global cost of everything from food to transport and also threatens to stifle economic recovery.

Oil affects the global cost of everything from food to transport and also threatens to stifle economic recovery.

Inception and The Social Network were next in line, gaining four and three Academy Awards in various categories respectively.

The United States calls on its international partners to step up efforts in the fight against Somali pirates in the wake of an attack on a private yacht, a spokesman for the U.S. Department of State said.

Four families of Russian Orthodox Old Believers have returned to the Russian Far East from Bolivia, where they took refuge from the Stalinist repression early last century, local officials said on Friday.

It appears that Julian Assange, the Internet whistleblower behind WikiLeaks, will be extradited to Sweden to face charges of sexual abuse. But Assange and his sympathizers claim the case against him is politically motivated, fabricated in retaliation for WikiLeak`s release of classified U.S. diplomatic cables.

The official ceremony to launch the 2011 FIS World Ski Championships was held in Oslo on Wednesday evening.

The U.S. will hold discussions with its partners worldwide to prepare a response to violence in Libya, U.S. President Barack Obama said.

The death toll from a powerful earthquake in Christchurch, New Zealand`s second biggest city, has risen to 98, police say.

The crew of crashed Polish presidential plane clearly made a mistake when they tried to land in dangerous weather conditions, Polish Foreign Minister Radoslaw Sikorski said.

The Russian embassy in Tokyo is preparing a note to the Japanese foreign ministry demanding to launch criminal investigation into the recent desecration of the Russian flag, a diplomat said.

New Zealand`s city of Christchurch devastated by earth quake

Russia`s Sukhoi has entered a bid with its Superjet 100 airliner to a request for proposals from America`s Delta Air Lines for as many as 200 narrow-body aircraft, according to sources quoted by FlightGlobal.com.

A government building in the Libyan capital Tripoli is ablaze after anti-government protesters went on the rampage, the Al-Arabiya TV news channel said on Monday.

Egypt`s opposition youth movement has called on Egyptians to stage a million-strong demonstration on Cairo`s central Tahrir Square on Friday to mark a week without Hosni Mubarak.

Direct foreign investment in the Russian economy fell significantly in 2010, Finance Minister Alexei Kudrin said on Friday.

A federal grand jury in U.S.`s Florida has indicted 12 foreigners suspected of being involved in a Russian sex-trafficking ring in Central Florida for more than a year, the Orlando Sentinel newspaper said.

Another woman has joined the presidential race in Kazakhstan, becoming the third female candidate to stand against the country`s long-serving leader Nursultan Nazarbayev.

The United States is ready to discuss further arms reduction efforts with Russia, including tactical nuclear weapons, a high-ranking State Department official said.

ITALIAN Prime Minister Silvio Berlusconi will go on trial for allegedly paying an underage hooker for sex and abuse of power, a judge ruled today.

The United States has officially confirmed that it will render Ukraine $50 million to support the country`s nuclear security program.

Moscow will deploy reinforcements to include short- and long-range air defense missile systems including the latest S-400 Triumf system to the southern Kuril Islands to protect Russia`s sovereignty in the Far East, a high-ranking official in the General Staff of the armed forces said on Tuesday.

Pirates seized a Maltese-flagged vessel with a crew of 23 off the coast of Oman, the European Union anti-piracy force, EUNavfor, said.

Anti-Russian rhetoric by the Japanese premier made the foreign minister`s recent visit to Moscow `pointless,` a Japanese opposition leader said.

Japan ceded the title of the world`s second largest economy to China, the NHK TV channel said on Monday citing a government report.

The European Union urged the Egyptian authorities to take more decisive steps to meet the protesters` demands after Egyptian President Hosni Mubarak announced his intention to stay in power until September in his address to the nation late on Thursday.