- (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confident the currency will survive.
- U.S. rail carload freight reaches highest level in more than a year
- World oil consumption has recovered back to its pre-crash peak. Numbers published for December 2009, and January 2010 show that demand for the crude once again touched 86.4 MB/d – or A Thousand Barrels a Second.
- (WSJ) China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the Yuan to ease strains on its fast-growing economy.
- The U.S. Department of Agriculture should permit importation of an extra one million tons of raw sugar because domestic stocks are in danger of running out, said John Sheptor, chief executive of Imperial Sugar Company.
- China's high speed rail network (HSR ) is shaping up at an extraordinary speed. The country saw its first experimental HSR in operation in 2003, but by 2014, it will have reached 28,000 km in length - twice as large as similar networks in the rest of the world combined.
- A nationwide referendum is taking place in Switzerland on a proposal to give animals the constitutional right to be represented in court.
- (FT) Reykjavik vowed to seek a fresh debt repayment deal with Britain and the Netherlands, but urged the two countries to heed the ‘strong cry of defiance’ delivered by voters in the weekend referendum on the issue.
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