Goldman Sachs Group Inc., one of the world's leading investment banking and investment management firms lowered its forecast for China's 2008 GDP growth to 10% from 10.3%, due to an expected 2008 recession in the U.S.
Two Australians have become the first people to paddle to New Zealand across the Tasman Sea in a kayak.
The European Central Bank and Bank of England, despite growing unease about inflation and slowing economic indicators, on Thursday kept their benchmark interest rates unchanged at 4% and 5.5% respectively.
China's trade surplus soared 48% in 2007 to a record high 262.2 billion US dollars as its export-led economic boom continued government figures have shown.
Nepal, the country of Mount Everest, has been remembering Sir Edmund Hillary, the joint first conqueror of the summit. Sir Edmund died in his native New Zealand, aged 88, after a heart attack.
An anonymous Northern Ireland farmer has sent an envelope containing £5,900 of cash to the Department of Agriculture (DARD). The money was returned in an envelope because he or she felt they were overpaid in their subsidies, reports the BBC
Following on a robust 2007, the United Nations Conference On Trade and Development says there is a clear danger of the world economy coming to a near standstill in 2008. The report says this will hit many poor nations hard, slow world trade and put an end to the boom in commodity prices.
Police have broken an illegal whale poaching racket, confiscating more than 50 tons of Minke meat in the largest seizure of its kind in South Korea, an official in Seoul said Saturday.
Japanese whalers have warned Greenpeace activists pursuing their fleet in the Southern Ocean against illegal and dangerous interference to the hunt. Greenpeace protest ship Esperanza has located the fleet of six ships conducting so-called scientific whaling and is pursuing the main vessel Nisshin Maru.
The International Monetary Fund said this week it had lowered its 2007 global growth estimate by one-half percentage point after recent data showed economies of China and India were smaller than previously thought.