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G8 faces pressure to raise food aid
The Group of Eight nations will be urged at their annual summit in Hokkaido to boost subsidies for farmers, after the Asian Development Bank warned that rising prices posed a threat to the world’s poor
Editorial Comment: Markets succumb to gravity
In a global economic slowdown asset prices would fall further. Cheaper assets present an opportunity for long-term investors, but there will be much pain at the same time
EU to set up €1bn fund to fight food shortages
The European Union is poised to give €1bn ($1.57bn, £792m) in unused agricultural subsidies to farmers in the developing world to fight food shortages, its farm and development chiefs confirmed
ECB claims citizens support rate rise
Jean-Claude Trichet attempts to defuse political criticism of the European Central Bank’s move to lift its main interest rate by a quarter percentage point to 4.25%
Rise takes eurozone rates to seven-year high
Markets were relieved by a less hawkish tone from the European Central Bank, which damped fears of further rises to come
Closer ties to Russia will profit all of Europe
Businesses in the EU and Russia are looking forward to official talks in the expectation that formal links between the two economies might match the maturing business relationship, say Nils Andersen and Anatoly Chubais
Brazil extends credit to boost farms
The Brazilian government plans to extend credit in the agricultural sector in an attempt to increase production of key foodstuffs and damp down inflation, which has reached 50 per cent in some cities over the last 12 months
McCain shuffles staff as criticism mounts
John McCain has reshuffled his senior campaign staff amid mounting Republican concern at his ability to compete with Barack Obama in November’s election
Comment: Europe needs sharp interest rate rise
Whatever policies the European Central Bank follows over the coming year, they are bound to be found wanting, writes Ciaran O’Hagan
Bush to make African aid pledge call
The US president will challenge world leaders to meet unfulfilled aid pledges to Africa when he travels to Japan next week for his final G8 summit
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