US Secretary of State Hillary Clinton US Envoy Tells Pakistan to Buy Gas Somewhere Else US Secretary of State Hillary Clinton have threatened to impose sanctions on the Pakistani government following reports that they intend to construct a natural gas pipeline to neighboring Iran, which would be used to import gas into energy poor Pakistan. Pakistan has been struggling with energy shortages for years,... 

Thousands of Czech university students rally in central Prague on February 29, 2012. Massive demonstrations across Europe have taken issue with the austerity measures adopted by the European governments against economic adversity. The protests were held on Wednesday in the Czech Republic, France, Greece, Belgium, and Spain against government economic reforms aimed at dealing with the unprecedented... 

North Korea's cooling tower seconds before its public demolition at Yongbyon nuclear complex. North Korea says it is ready to halt missiles tests, disable its nuclear reactors and allow IAEA observers into the country in exchange for a food aid package from the US. US state department spokesman Victoria Nuland confirmed on Wednesday that North Korea had agreed to meet demands to disable its nuclear... 

Argentina’s Industry Minister Debora Giorgi Amid an ongoing dispute over the Malvinas Islands between Argentina and Britain, the Argentinean industry minister has called on the country’s top companies to stop importing British products, Press TV reports. Argentina’s Industry Minister Debora Giorgi on Tuesday called the bosses of at least 20 top firms to urge them to import goods produced elsewhere... 

US to aid India Help With Replacing Iran Oil Supply “Anyone but Iran,” is what the United States is telling India, as America attempts to persuade the country to go elsewhere for its oil needs. There are currently no sanctions that would restrict India from continuing to do business with Iran, but any disruption in their relationship could cause the Iranian economy to be impacted significantly.... 

Iran’s oil embargo on Britain has already driven price of petrol and diesel to an all-time high while the British foreign secretary denies any impact on Britain’s energy security. The Daily Mail reported on Tuesday that the price of diesel rose to 143.16p per liter while the price of crude oil continues to soar following Iran’s decision to stop oil exports to British and French companies. The... 

A self-made euro sign is attached to the tip of a christmas tree in front of the European Central Bank (ECB) in Frankfurt am Main, western Germany. European Commission has predicted that the eurozone currency bloc faces a deeper recession than previously anticipated, with a 0.3 percent contraction in its GDP now tipped for 2012. The commission previous forecast in November said the economic output... 

Here in Argentina, when we watch the terrible things that are happening today in Greece, we can only exclaim, “Hey!! That’s exactly what happened in Argentina in 2001 and 2002…!” ­A decade ago, Argentina too went through a systemic Sovereign Public Debt collapse resulting in social turmoil, worker hardship, rioting and street fights with the police. Some months before Argentina exploded,... 

Iran says only European companies with 2 to 5 year contracts can but Iranian crude. A top Iranian oil industry official has said some European states have started negotiations with Tehran in order to purchase Iran’s crude oil. “Only European companies with a 2- to 5-year contract with Iran can purchase the country’s crude, otherwise [Tehran’s] relations with those companies will be reconsidered,”... 

Protesters in Valencia on February 21, 2012. In the Spanish city of Valencia, hundreds of people gathered to protest against tough spending cuts imposed by the government and growing police violence. A day after police forces violently clashed with students protesting over spending cuts, peaceful protesters gathered outside the Instituto Lluis Vives, across the city’s main train station. On Monday,... 

Frontline Ltd.'s supertanker 'Front Shanghai' The International Energy Agency (IEA) says China has bought an additional 200,000 barrels per day of Iran’s oil in recent months. Didier Houssin, IEA director of energy markets and security, said on Tuesday that Beijing is the world’s second-biggest crude consumer and may continue to increase oil imports from Iran. “China has been... 

Eurozone finance ministers talk while attending a Eurogroup meeting at the European Union council headquarters, Brussels, February 20, 2012. Eurozone finance ministers have agreed to provide Greece with a new bailout package to help the heavily indebted country stabilize its debt-to-GDP ratio and avert looming bankruptcy. The long-awaited package worth 130 billion euros was sealed in Brussels on Tuesday... 

U.S. politicians are rapidly losing faith in the dollar, with more than a dozen states proposing legislation to legalise gold and silver as a currency. Politicians in Colorado concerned about the nation’s financial stability are the latest to push a bill to legalise gold and silver coins as usable currency. But from a consumer angle the conservative bill would not lead to people carrying gold... 

Iran says it will cut oil exports to more EU countries if they continue their hostile policies. After halting oil flow to Britain and France, Iran threatens to stop oil sales to other European Union member states if the EU continues its hostile policies. Iran’s Deputy Oil Minister Ahmad Qalebani on Monday hinted at the possibility of a halt in oil exports to Spain, the Netherlands, Greece, Germany,... 

The move was confirmed by the country’s Oil Ministry, with the spokesman saying that Iran will be “selling its oil to new customers”. The decision is not expected to have a big impact, as France only bought three percent of its oil − 58,000 barrels a day − from the Islamic republic last year, and Britain buys less than 1 per cent. But it was seen as a warning shot to other EU nations that...