Rising demand and diminishing fish stocks are leading to increasing corruption in the fishing industry, a recent study by the International Union for the Conservation of Nature (IUCN) declares.
Leaders of the United Kingdom, France, Germany and Italy plus the European Commission meet in London Tuesday to discuss how to respond to recent turmoil on global financial markets and greater calls for banking transparency.
Almost 10% percent of the United Kingdom population can be regarded as wealthy, according to the 2008 Wealth Review of insurer Hiscox Ltd. This translated into 2.5 million households, Hiscox said.
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.