Japan's record deflation continued apace in the month of August as the core index of consumer prices slipped 2.4% in the sixth consecutive monthly drop.
World leaders began a new round of high-level talks on how to rebuild the global economy in the city of Pittsburgh, while anti-capitalist protesters were driven away from the meeting's venue with police tear gas and rubber bullets.
While world leaders discussed how to rebuild the global economy in Pittsburgh, police clashed with demonstrators rallying near the meeting venue, using tear gas to drive them back.
Barack Obama says he will push for a reshaping of the global economy at a G20 summit in Pittsburgh this week. The US president is likely to come under intense pressure from EU officials for a deal to curb bankers’ pay and bonuses.
French President Nicoals Sarkozy has welcomed a report he commissioned from a panel of top economists, including Nobel laureates Joseph Stiglitz and Amartya Sen, calling for a new measure of growth that takes into account social well-being.
