Leaders of the world's 20 largest economies stressed on Sunday warned of rising risks to economic development and inflation, and the need for new energy supplies as global economic growth continue to stumble over high oil prices.
Opec leaders meeting in Riyadh pledged to provide the world with reliable supplies of oil and fight global warming but the summit's final statement made no mention of calls by oil-consuming countries such as that from Washington to raise production to ease sky-high prices.
Chinese Premier Wen Jiabao pledged Monday to resolve trade imbalances after the country's surplus hit a record high in October and work to let the Yuan move more freely.
China's banking regulator has ordered commercial banks to strictly control the granting of new loans for the rest of the year in an attempt to prevent overshooting this year's lending growth target and overheating the world's fourth economy.
A Japanese whaling fleet has begun a five-month expedition that environmentalists say will hunt humpback whales for the first time in decades.
Secretary-General Ban Ki-moon has challenged the world's policymakers to start devising a comprehensive deal for tackling climate change at next month's summit in Bali, Indonesia, after a United Nations report released today found that global warming is unequivocal and could cause irreversible damage to the planet.
In his opening address at a rare Organisation of Petroleum Exporting Countries (Opec) summit in the Saudi capital, Hugo Chavez, the Venezuelan president, has warned the US over rising oil prices.
United Nations World Tourism Organisation secretary-general Francesco Frangialli issued his strongest warning yet of the threat to the industry. ”A rise in global temperatures beyond 2C will threaten the existence of our industry.
The world's largest travel fair opened this week in London with a strong focus on green issues highlighting the ever-increasing pressure on the tourism industry to promote environmentally friendly ways of seeing the world.
A blunder by OPEC on Friday exposed serious discrepancies between Saudi Arabia and Iran about whether the oil exporters' group should address the issue of the falling dollar at a rare summit of leaders this weekend in Riyadh.