Malaysia to let fuel prices rise

China to raise the price of fuel
China, the world's second largest consumer of oil raises the price of petrol and diesel by 18%.

Business travellers boost Virgin
Record numbers of business travellers have boosted profits at Virgin Atlantic despite sky-high fuel prices.

Ryanair hit by high fuel prices
Ryanair warns it could make an annual loss of up to 60 million euros if oil prices stay high as it cuts fares.

Indian inflation approaches 12%
Soaring food and fuel prices push inflation in India to a 13-year high of 11.89%, threatening growth prospects.

Rising costs to dominate G8 talks
World leaders are starting a key summit in Japan that is expected to focus on soaring global food and fuel prices.