Browsing: World News

Global / International news and media releases covering America, Asia, Europe, Middle-East, Oceania and the World beyond.

Mexico’s state oil giant Pemex on Wednesday reported a nearly $2.7 billion loss in the first quarter. Pemex, which provides a third of Mexico’s government revenue, had a $327 million loss in the same quarter of 2013. The company saw a net loss of $12…

The mammoth project to refloat the doomed Costa Concordia cruise ship has been suspended until a decision is made over which port will scrap the wreck, Italian media said Wednesday. The ship’s owner Costa has decided temporarily to halt the unprecedented…

Angola’s long-serving President Jose Eduardo Dos Santos met his French counterpart Francois Hollande on Tuesday on a rare official visit abroad after years of frosty ties caused by a damaging bribery scandal. The two-day visit by the onetime rebel leader…

Russia’s natural gas giant Gazprom posted a second successive drop in annual profits on Tuesday and warned that the escalating crisis in Ukraine could disrupt its crucial supplies to Europe. The world’s biggest gas producer admitted that the threat…

South Korean President Park Geun-Hye apologised Tuesday for her government’s failure to prevent a ferry disaster that left some 300 people dead or missing. Two days after her prime minister resigned over the tragedy, Park voiced profound regret at the…