Finance ministers and bankers from the Group of Seven leading industrialized countries, G7, renewed pressure on China to relax controls over its currency. China promised more flexibility but gave no indication of time or percentages.
As if offering flights to space and recently hosting his own reality show were not enough to get British billionaire Sir Richard Branson the publicity he so richly affords, this week he has gone over the heads of environmental leaders everywhere to offer a US$ 25 million prize for the first scientist who can invent an economically viable way to clean carbon from Earth's atmosphere.
JP Morgan's family of EMBI (Emerging Markets Bond Index) indexes, once seen as the most important measure of aversion to developing countries' risk, no longer expresses the diversity of fast-growing emerging markets, the bank admitted in a report
Farmers are calling for a ban on raw imported poultry meat from countries infected with the H5N1 bird flu virus until the cause of the UK outbreak has been established.
Europe's concern with the stability of world financial markets is one of the main issues to be addressed by the seven most industrialized countries Finance ministers meeting, G-7, which is meeting in Germany and will see China participate for the first time in the main debates.
The European Central Bank, ECB, decided Thursday to keep its key interest rate on hold at 3.5%, but pointed out that strong vigilance remains essential to ensure that risks to price stability over the medium term do not materialize.
The Bank of England left interest rates unchanged at 5.25% following a surprise rise last month. In January, the Bank increased rates from 5.0% to 5.25% in an attempt to curb inflation, which had hit an 11-year high of 3% the month before.
United States Federal Reserve Chairman Ben Bernanke said on Tuesday that while on average economic well-being has increased for US citizens the degree of inequality in economic outcomes has raised as well.
Rising demand for seafood and other marine produce will lead to a collapse of today's commercial fish stocks by 2050 unless better management is introduced, exemplifying the challenges facing Governments in a globalized world, according to a new United Nations report released Monday.
A report by a Committee of Eminent Persons advised the International Monetary Fund on Wednesday to sell 400 tons of its gold reserves as part of a new strategy to set the Fund's finances on a sustainable basis.