
A historic trade deal between China and Taiwan took effect Sunday signalling improvement in relations between the two countries after they were split by a civil war over 60 years ago.

As President Sebastián Piñera spoke of national unity and moving past quarrels from recent history on the anniversary of the 11 September 1973 military coup that ousted democratically elected President Salvador Allende, protests and demonstrations occurred throughout Chile.

Central bank governors and senior regulators have agreed new rules designed to prevent a repeat of the recent financial crisis. At a meeting in the Swiss city of Basle, they agreed a deal requiring banks to hold more capital in reserve.

The International Labour Organization (ILO) and the International Monetary Fund (IMF) are hosting a joint conference on 13 September in Oslo, Norway to explore new ways of generating jobs as part of a sustainable recovery from the global economic crisis.

Cattle infected with mad cow disease give off a tell-tale glow in their eyes, according to new research published in the journal Analytical Chemistry. In future, the discovery could lead to a long-sought test to detect infection with the agent that causes mad cow disease, preventing it from spreading throughout the food supply for humans.

US Department of Agriculture (USDA) has cut its forecast for global wheat production in 2010-11, but by less than expected. USDA now predicts total output of 643 million tonnes for the current agricultural year, down from its August forecast of 645.7 million.

China's trade surplus narrowed in August as imports picked up at a faster pace and exports slowed although not drastically, official figures showed on Friday. The data is likely to keep up pressure on Beijing to ease currency controls.

British Ministry of Defence revealed that contracts worth about £1.25bn have been awarded for building two aircraft carriers even though the project may not go ahead, figures have revealed. The figures came in answer to a parliamentary question by a Labour MP.

The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, a leading global economic group has said. The Organisation for Economic Co-operation and Development (OECD) said the slowdown had been more pronounced than anticipated.

As rising food and fuel prices create incentives for large-scale land acquisitions around the world, it is more important than ever for governments and the international community to protect local land rights, according to a new World Bank study released this week.