Japan blamed the failure of its whaling fleet to net little more than half its target catch this year to relentless interference from environmentalists and described the situation as regrettable.
Massive production of bio-fuels is a crime against humanity because of its impact on global food prices, said on Monday United Nations Special Rapporteur for the Right to Food, Jean Ziegler.
The G7 group of most industrialized nations, meeting in Washington, approved a plan Saturday aimed at easing the continuing crisis in the global credit markets.
Including calls for more oversight of financial firms and greater financial transparency, G7 members have committed themselves to its implementation
The credit crisis is still sending shockwaves around the world and leading banks have now accepted much of the blame for the current turbulence in the financial markets. At a meeting of the Institute of International Finance in Frankfurt, senior bankers acknowledged that weaknesses in business practices, including bankers' pay and the management of risk, may have contributed to the crisis, reports the BBC.
An earthquake magnitude 7.1 struck Saturday in the vicinity of Macquarie Island, which lies about halfway between Australia and Antarctica and 2.000 kilometers south from the New Zealand capital Wellington, said the US Geological Survey.
The rapid rise in food prices could push 100m people in poor countries deeper into poverty, the head of the World Bank, Robert Zoellick, has said.
His warning follows that from the leader of the International Monetary Fund, who said hundreds of thousands of people are at risk of starvation.
Economy Nobel Prize Joseph Stiglitz, a fierce critic of the International Monetary Fund said that this time the fund's experts have it right in their assessment of the current global financial and credit crisis, which many economists however consider as to harsh and pessimistic.
With food riots reported across the globe from the Philippines to Haiti, the United Nations agricultural agency warned Friday that the cereal import bill of the world's poorest countries is forecast to rise by over 50% in the current fiscal year.
Rice prices are set to keep rising as demand is outstripping production according to the Philippines-based International Rice Research Institute (IRRI). In its Rice Today publication IRRI calls for more research on how to increase rice productivity and face the rice prices crisis.
The Bank of England on Thursday lowered interest rates to 5% from 5.25% in an attempt to spur the UK economy. This is the third rate cut since early December.
BoE argued that concern over the slowing down of the economy was more immediate that inflation, which should fall back to 2% in the mid term.