Britain's Barclays PLC has said that executive directors will not receive any annual bonus this year as the bank seeks to pacify investors over its £7 billion fundraising. The bank also announced that all members of its board, including chief executive John Varley and investment banking boss Bob Diamond, are to be put up for re-election at its AGM next April.
Inflation in the United Kingdom is dropping at its fastest rate for 16 years thanks to falling fuel prices. The Consumer Prices Index (CPI) slowed to 4.5% in October from 5.2% the previous month.
China will join the Inter-American Development Bank as a donor member, building on its growing links with Latin America and the Caribbean. China will become the 48th member country in the Washington, DC-based IDB, the single largest source of long-term lending for the region.
Japan's whaling fleet mother ship, Nisshin Maru, has slipped out of port on the way to a full-scale Antarctic hunt, despite repeated attempts by the Australian Government to curtail the killing.
Japan's economy has entered its first recession since 2001 after shrinking by 0.1% in the third quarter. The world's second-biggest economy had previous shrunk by 0.9% in the April to June quarter.
The head of the International Monetary Fund says it will need more funding if it is to play a bigger role in aiding a global economic recovery.
China's industrial output hit a seven year low as the global economic slowdown continues to batter the world's fourth largest economy eroding demand for Chinese exports.
British Prime Minister Gordon Brown claimed Saturday that world leaders had backed his blueprint for combating the global slowdown. He said they had agreed to fiscal measures to stimulate the economy - likely to mean increased government spending and cuts in taxes.
Global leaders at the G20 financial summit in Washington have pledged to work together to restore global growth. They said they were determined to work together to achieve needed reforms in the world's financial systems.
The Canada Food Inspection Agency says a British Columbia feed manufacturer is the most likely source of the country's 13th case of mad cow disease.