World News

The price of oil has jumped by more than $16 dollars to $120.92 a barrel, in the biggest one-day gain on record.

Pakistan\'s government has pledged to take targeted action against militants, following a suicide bomb, which killed 53 people in the capital, Islamabad.

South Africa\'s President Thabo Mbeki has condemned critics within his own African National Congress (ANC) party who are calling for his resignation.

Hackers have reportedly broken in to the e-mail of the US Republican vice-presidential candidate, Sarah Palin.

At least five persons were killed in a suspected missile attack by a US drone on a village in northwest Pakistan.

The US Federal Reserve has announced a $US$85b rescue package for AIG, the country\'s biggest insurance company, to save it from bankruptcy.

The Cuban authorities have rejected all offers of aid from the United States after the impoverished country was ravaged by Hurricanes Gustav and Ike within a two-week period.

A week-long curfew has been imposed in Houston to prevent looting in the wake of Hurricane Ike which hit the US city and many other parts of Texas.

Almost 100 British travellers are reportedly stranded in several countries following the collapse of the UK\'s third largest holiday package group XL.

Venezuela\'s president Hugo Chavez says two Russian bombers have arrived in Caracas to carry out training flights.

The US ambassador to Bolivia has been ordered to leave the country by President Evo Morales.

The cities of Corpus Christi and Galveston in the US state of Texas are now on alert as Hurricane Ike might hit the Texas coast this weekend.