In 1960, 12 oil-exporting nations, mainly in the Middle East, formed the Organisation of the Petroleum Exporting Countries (Opec). Its proposed role was to address the imbalance created by the Seven Sisters, a group of British, American and Dutch oil companies that had been working together from the early 1950s.
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Review: Trisara, Phuket – a feast for the senses in ThailandTravel Stay at Trisara resort on Phuket island in Thailand for the top-notch food and spa
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Expecting an inheritance? Don’t – only a fifth of Boomers plan to part with their cashHigher priorities are travel and spending time with loved ones, with even those on the highest household incomes shunning inheritances
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31 August 1957: the Federation of Malaya declares independence from the UKFeatures On this day in 1957, after ten years of preparation, the Federation of Malaya became an independent nation.
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13 April 1960: the first satellite navigation system is launchedFeatures On this day in 1960, Nasa sent the Transit 1B satellite into orbit to provide positioning for the US Navy’s fleet of Polaris ballistic missile submarines.
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9 April 1838: National Gallery opens in Trafalgar SquareFeatures On this day in 1838, William Wilkins’ new National Gallery building in Trafalgar Square opened to the public.
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3 March 1962: British Antarctic Territory is createdFeatures On this day in 1962, Britain formed the British Antarctic Territory administered from the Falkland Islands.
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10 March 2000: the dotcom bubble peaks
Features Tech mania fanned by the dawning of the internet age inflated the dotcom bubble to maximum extent, on this day in 2000.
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9 March 1776: Adam Smith publishes 'The Wealth of Nations'
Features On this day in 1776, Adam Smith, the “father of modern economics”, published his hugely influential book The Wealth of Nations.
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8 March 1817: the New York Stock Exchange is formedFeatures On this day in 1817, a group of brokers moved out of a New York coffee house to form what would become the biggest stock exchange in the world.
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7 March 1969: Queen Elizabeth II officially opens the Victoria Line
Features On this day in 1969, Queen Elizabeth II took only her second trip on the tube to officially open the underground’s newest line – the Victoria Line.
