Chinese Premier Wen Jiabao warned over the weekend that 2008 will be a most difficult year for the country's economy as a result of global uncertainty and domestic problems, reported on Monday China's Broadcasting Corporation.
Shares in Wall Street gained ground at last moment trading on expectations of further interest rates cuts this week when the Federal Reserve meets on Wednesday to consider steps to help prop the US economy.
Japan's coast guard said Tuesday it has sent a team of officers to protect its whaling fleet against intensifying protests by environmentalists. The whalers have repeatedly clashed with environmentalists in Antarctic waters and halted the hunt two weeks ago.
Global tourism soared to a record performance in 2007, led by emerging markets, and the outlook remains good despite financial crises and high oil prices, the UN World Tourism Organisation said Tuesday in Madrid.
Stormed by recent financial market turbulence and a weakening U.S. performance, world growth is projected to slow to 4.1% in 2008, down from an estimated 4.9% last year, the IMF said in its quarterly update for the global economy.
World Trade Organization members are hoping to agree on the most challenging chapters of the stalled Doha round of trade talks next Easter said the Swiss economy minister in Davos during the closing meetings of the economic forum.
International Monetary Fund Director General Dominique Strauss-Kahn called for a serious response to the risk of a United States recession and encouraged fiscal stimulus programs in some countries warning that monetary policy is not enough. He also supported more multilateral regulation.
Economic turbulence largely due to credit market turmoil and rising oil prices could spur an increase in global unemployment by an estimated 5 million persons in 2008, the International Labour Office (ILO) said Thursday in its annual Global Employment Trends report (GET).
The production of one of Italy's best known exports, mozzarella, is under threat from an infection of brucellosis spreading through herds of water buffalo. The Italian government has set up an emergency commission to try and stop the spread of the disease, which affects milk production.
Argentine Malvinas veterans from Tierra del Fuego in the extreme south of Argentina made public their dissatisfaction with the coming visit of Britain's ice patrol HMS Endurance to the port of Ushuaia next January 26.