Iranian oil exports are likely to fall by nearly half within six months, the IEA said Wednesday while holding its estimate of global oil demand steady for the first time in six months.The report underscored two forces in the oil market, where prices have risen sharply, pushing up energy costs in many sectors. These are the effect of EU sanctions against Iran and other disruptions to supply together with tighter market conditions.For a long period the underlying tone of IEA monthly reports has be

Fitch lowered Britain‘s long-term outlook Wednesday to negative from stable, while confirming its top-level AAA rating.The ratings agency said the revision “reflects the very limited fiscal space to absorb further adverse economic shocks in light of such elevated debt levels and a potentially weaker than currently forecast economic recovery.”The change represented a more than 50 percent chance of a downgrade over the next two years, Fitch said, citing ongoing financial tensions in the eurozone.”

GAZA CITY (AFP) -- Israeli air strikes on Gaza killed three Palestinians on Sunday, raising the toll to 18, as Prime Minister Benjamin Netanyahu vowed no let-up against rocket-firing militants.Hamas said it was talking with Egyptian officials in a bid to reach a truce with Israel, but warned that it expected the Jewish state to hold fire first and that talks had so far been unproductive.And Islamic Jihad, which claimed responsibility for most of the rockets fired from Gaza in recent days, warned

The commanding general of the country's top special forces unit has been relieved of his duties for allegedly having inappropriate relations with a subordinate, Army officials said Friday. Brig. Gen. Choi Ik-bong, commander of the Special Warfare Command, also recently expressed his intention to

Nuclear envoys of the rival Koreas both addressed a closed-door conference on security in Northeast Asia on Thursday but there was no word on whether they spoke to each other.The two-day, academic forum in New York is an opportunity to break the ice between communist North Korea and U.S.-allied Sout

Our ancestors made the evolutionary split with gorillas around 10 million years ago, but we still share a remarkable number of genes with the great ape, according to a groundbreaking study published on Wednesday. A worldwide consortium of scientists sequenced the genome of the western lowland gor

Patricia and Joan Miller were identical twins who pursued their dreams together. As a team, the Miller sisters met Bing Crosby, appeared on a TV show in the 1950s and purchased a house in California's picturesque South Lake Tahoe.Their shared life ended in a mysterious double death at their home. On

A team at a Missouri cake festival said members broke a world record by getting their car -- made of mostly cake and confections -- up to 28 mph.Carey Iennaccaro and her partner, Mike Elder, said their car had to be made of 95 percent edible materials and make it to at least 10 mph to break the Guin