Germany’s government has announced plans to scrap compulsory military service and optional community service. That’s left many social service agencies deeply worried. They rely on the 90,000 conscripts who opt for the alternative community service.
Reuters – Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.
Reuters – World stocks held near the previous day’s two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011.
Shell has spent more than $ 3.5 billion on federal leases and preparations to drill in the Beaufort and Chukchi seas. Company officials are trying to demonstrate that it can not only drill responsibly, but also clean up an oil spill if something goes wrong. But environmental groups say it’s not worth the risk.
Reuters – Japan’s government has managed to meet caps on spending and new bond issuance in compiling a budget for the year from next April, the finance minister said on Friday, as the government struggles to mend tattered public finances.
Yahoo! News: Business News