China replaced the finance minister, the head of the secret police and three other Cabinet members in a major reshuffle of senior posts ahead of a major Communist Party meeting that will set policies for the next five years.
Wall Street shares cast a shadow over global stock markets again after warnings that the problems in credit markets will hit big banks' profits. The Dow Jones suffered its biggest fall since 9 August on Tuesday, closing down 280.3 points or 2.1% at 13,041.9.
China's Finance Minister Jin Renqing has been transferred to a government think-tank and will be replaced by the country's top tax collector, confirmed on Wednesday Beijing sources following press reports.
”The International Air Transport Association (IATA) today announced it has placed its final order for paper tickets. Some 16.5 million paper tickets were ordered from 7 specialized printers to supply the 60,000 accredited IATA travel agents in 162 markets around the world until 31 May 2008.
Asia-Pacific leaders will be asked to back practical ways for their nations to save energy when they meet at a regional summit in Sydney, Australian Prime Minister John Howard said on Monday.
United Nations-backed climate change talks drawing 1,000 representatives from over 150 Governments, business and industry, environmental organizations and research institutions kicked off in Vienna Monday, preparing the way for a global summit set for later this year in Bali.
Prince William, Prince Harry and Lady Sarah McCorquodale will all give readings at the memorial service for the 10th anniversary of Diana, Princess of Wales's death.
The Bank of Japan decided Thursday to keep its key interest rate unchanged at 0.5% for the sixth month in a row.
While Wall Street closed Thursday trading down 0.4% and the Federal Reserve pumped an additional 17 billion US dollars in China the stock market capped a bull run, with the Shanghai Composite Index hitting 5,000 points for the first time while Hong Kong shares rallied to a three- week high.
China accused the United States on Thursday of becoming increasingly protectionist, as it hit back following a wave of high-profile trade disputes and export safety scandals.