London, Oct 10: A EU (European Union) commissioned study has determined that the global economy is losing more money from the disappearance of forests than through the current banking crisis.

The study puts the annual cost of forest loss at between 2 trillion dollars and 5 trillion dollars.

According to a report by BBC News, the figure comes from adding the value of the various services that forests perform, such as providing clean water and absorbing carbon dioxide.

The study, headed by a Deutsche Bank economist, parallels the Stern Review into the economics of climate change.

London, Oct 10: A bug, discovered deep in a goldmine and nicknamed "the bold traveller" has got astrobiologists excited because of its unique ability to live in complete isolation of any other living species, suggesting it could be the key to life on other planets.

According to a report in New Scientist, a community of the bacteria Candidatus Desulforudis audaxviator has been discovered 2.8 kilometers beneath the surface of the Earth in fluid-filled cracks of the Mponeng goldmine in South Africa.

Its 60 degree Celsius home is completely isolated from the rest of the world, and devoid of light and oxygen.

London, Oct 10: A digital time capsule was beamed in a high-powered radio wave in the direction of Gliese 581c, an "Earth-like" planet 20.5 light years away, with messages on board that were chosen by Bebo, a youth-orientated social networking site.

According to a report in the Telegraph, the message flew past Mars within four minutes of being broadcast from the gigantic RT-70 radio telescope, but won''t reach its destination until 2029.

London, Oct 9: The longer you stay inside a shop, the more likely you’re to spend, reveals a new mobile tracking system, called FootPath.

The software, developed by UK company, Path Intelligence, can track movements of mobile users over specified periods of time.

FootPath works by reading an anonymous identification number, called temporary mobile subscriber identity, or TMSI, that mobile phones transmit and can then track their movements.

London, Oct 9: A man who got a new lease of life after getting his lost limbs from a tragic teenager has claimed that the miraculous transplant has left him feeling like a youngster too.

Dairy farmer Karl Merk, 54, has become the world’s first double arm transplant patient, after he lost both his arms while working on a corn threshing machine six years ago.

Karl’s donor was a young teenager who died in a car accident just hours before his transplant operation.

“The feeling of being a whole man again is indescribable. Every day I gain more mobility in my arms and hands. What I’m looking forward to most now is to dress myself - and to ride my motorcycle again,” The Sun quoted Karl, as saying.

London, Oct. 9 : Muslim extremists are reportedly grooming kids as young as eight years to spread hate in schools, a report says.

The fanatics are using youngsters to hand out leaflets preaching violence to their classmates.

The alert was raised after teachers caught a pupil hailing the 7/7 London bombers as “martyrs” in a playground.

Other kids have had material inciting holy war or attacks on other ethnic communities.

The dangerous propaganda circulating in class was revealed as ministers launched a five million pound blitz on school gate extremism.