
United States and China have played down their differences ahead of a series of high-level trade talks taking place this week in Beijing. China's product safety record, its massive trade surplus and what some in Washington see as Beijing's currency manipulation are high on the agenda.

The new queen of the seas arrived in Southampton Friday to extend a proud tradition. The £300million Queen Victoria berthed for the first time in what will be her home port for years of luxury cruising

The South Korean government has declared a state of disaster along a stretch of coastline affected by the country's worst ever oil spill. A fleet of 100 ships are fighting to contain the (66.000 barrels) 10-000 ton spill, but emergency workers have been unable to prevent the oil washing ashore.
Japan revealed Friday that its economy grew by much less than previously thought in the third quarter of 2007 amid a housing slump and slower investment by firms in new factories and equipment.

The European Central Bank left on Thursday interest rates unchanged at 4%, in line with analysts' expectations and in spite of strong short term upward pressure on inflation.

Panama is moving to make the teaching of Mandarin compulsory in all schools, in recognition of China's growing importance in the world economy. The Panamanian National Assembly has given conditional approval to the bill in the first of three debates.
China should let its currency rise faster to help it counter overheating in its booming economy, the Organization for Economic Cooperation and Development suggested in a report this week.
An energy bill that would require the first rise in vehicle fuel efficiency in more than 30 years was passed this week by the United States House of Representatives.
Fishermen would make even more money than previously thought if they let depleted stocks rebuild, according to research from Australia and the United States. When fish are more plentiful it becomes easier and cheaper to catch them.
China said Wednesday it would tighten monetary policy in 2008 for the first time in a decade, as it battles to rein in a soaring stock market and an overheated economy. The shift from prudent to tight is a move analysts consider significant, but no major details to support the announcement were delivered.