Germany’s highest court rejects a challenge to the country bailing out other nations in the eurozone.

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Germany rejects bailout challenge

The Organization of the Petroleum Exporting Countries meeting ended in stalemate Wednesday, after failing to ratify a proposal by four Persian Gulf nations to boost the cartel’s output in the face of high crude oil prices. Saudi Arabia and three other countries proposed raising output by 1.5 million barrels a day, less than the amount OPEC itself said in a May report would be needed to meet higher demand as the summer driving season arrives. But other nations said that the world market has enough oil, even with the loss of Libya’s 1.2 million to 1.5 million barrels a day of exports. Read full article > >

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OPEC fails to ratify proposal to boost the oil cartel’s output

A study by a UK think-tank challenges the view that people would migrate en mass to other nations as a result of climate change.

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Mass migration fears ‘unfounded’

A study by a UK think-tank challenges the view that people would migrate en mass to other nations as a result of climate change.

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Mass migration fears ‘unfounded’

Chinese President Hu Jintao says China has no interest in pursuing military dominance over other nations, after meeting US politicians and business leaders.

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China ‘not seeking to dominate’