A major Chinese government think-tank in Shanghai has proposed raising the country's inflation target for this year and next to 5 to 7%, from the current official target for this year of 4.8%, the official China Securities Journal said on Wednesday.
The International Monetary Fund said on Tuesday it will enter talks with countries whose exchange rates do not reflect economic fundamentals and cause problems for other nations and the global economy.
Plant mutation, a scientific technique that dramatically improves crop productivity, could be part of the solution to the current food and energy crisis that threatens to plunge millions worldwide into hunger, according to a United Nations expert on the subject.
UK's annual rate of inflation rose to 4.4% in July, its highest level since records began in 1997. The 0.6% rise was also the biggest monthly change since records began and took the figure to more than twice the government's target.
A giant Pacific octopus called Mavis has helped researchers to prove that the one thing everyone knows about the creatures is wrong. The name octopus is derived from the Ancient Greek for eight feet. Mavis, who lives in a tank at Weymouth Sea Life Centre, actually has six arms and two legs.
The English Premier League team Arsenal took a massive step towards qualifying for the group stages of the lucrative European Champions League after beating the Dutch club Twente Enschede 2-0 in the 1st leg game in Holland.
The United Nations Environment Programme (UNEP) announced that it will implement a new initiative to better protect bees, bats, birds and others that are essential to global crop production and biodiversity.
Spain is short of fisheries but has huge investments in other fisheries world over, Falklands/Malvinas, Chile, New Zealand, Africa, and does most of the fish processing and trading, according to Alfonso Paz-Andrade Rodríguez president of World Fishing Exhibition.
Scientists are set to explore the world's deepest undersea volcanoes, which lie 6km down in the Caribbean. Delving into uncharted waters to hunt for volcanic vents will be Autosub6000, Britain's new autonomously controlled, robot submarine.
The Euro slid beneath the 1.50 US dollar Monday to 1.4966 amid concern over the Euro zone economic outlook and confidence that the European Central Bank won't raise interest rates anytime soon.