The FTSE 100 index of leading UK shares fell

The FTSE 100 index of leading UK shares fell by as much as 5 per cent in early trading yesterday, dropping well below the 5,000 barrier, but bounced back into the black later in anticipation of the Fed's statement. It closed at 5,165, up 1.9 per cent.

In Britain, the latest figures on manufacturing confirmed other evidence of a pronounced slowdown in industrial production. The news will add to pressure on the Bank of England to follow the Fed and also ease monetary policy. Oil prices, closely linked to the strength of the world economy, slipped again, at one point falling below $100 a barrel – something that will take the edge off inflationary pressures. In China, more signs of overheating had heightened expectations that the Beijing will act to cool her economy.

In Europe shares also gyrated as jittery investors struggled again to minimise their loses with a second day of across-the-board sell offs. Germany's Dax hit an 18-month low, plunging over 7 per cent, and the French Cac index opened sharply lower, but both markets rallied later in the day.

Some analysts described investors' selling on Monday and yesterday morning as "hysterical" and said it had little to do with economic factors. "It is simply indicative of a loss of confidence in politicians, the banks and the ratings agencies," said Anita Paluch of ETX Capital in Frankfurt.

The fundamental way of putting an end to the emergence

The fundamental way of putting an end to the emergence of frequent attendees of public hearings is to restore public confidence toward public hearings and expand the foundation of social participation, which certainly needs to further improve the institution.

The government can take the force of the third party, such as an independent, authoritative and credible agency, to supervise the whole course of public hearings to avoid related price departments and monopoly enterprises forming "benefit alliance." The government can require audit departments to completely audit related products before hearings to ensure the fairness and transparency of hearing materials. In addition, the government can also strengthen the construction of consumer organizations and other social organizations to make them more representative of attendees of public hearings and strengthen the right of collective bargaining. The government can even hold online hearings to publish related materials through the Internet and launch general debate to reduce the time and energy cost of attendees of public hearings.

The public hearing is the game of interests and a kind of civil participation. If this form of credibility is damaged by various disputes over interests, the government will lose an important way to safeguard the public interest and the enthusiasm of civil participation, which is the basis of developing the socialist democracy

China calls for stronger coordination between peacekeeping

China calls for stronger coordination between peacekeeping, peacemaking, peacebuilding

In order to address new challenges, coordination between UN peacekeeping operation, peacemaking and peacebuilding efforts needs to be strengthened, Wang Min, deputy permanent representative of the Chinese Mission to the United Nations said here on Wednesday.

Wang made the remarks when he addressed a UN Security Council's open meeting on UN peacekeeping operations.

He pointed out that as important as peacekeeping operations is, it is not panacea. The key to building lasting peace lies in promoting political dialogue and reconciliation process. Furthermore, concerned parties should pay more attention to and tackle the root causes of conflicts, particularly the problem of economic and social development.

Wang also noted that while implementing mandate of protecting civilians, UN peacekeeping operations should strictly abide by Security Council resolutions, stick to principle of neutrality so as to avoid becoming a party of conflict.

China supports the UN's efforts to improve speed and efficiency of peacekeeping operation deployment, make it more targeted and flexible, and to enhance the partnership with host countries and regional organizations, he said.

Border crossing in northern Kosovo set on fire

Border crossing in northern Kosovo set on fire

A group of Kosovo Serbs attacked on Wednesday evening a border crossing with Serbia in northern Kosovo, demolishing properties of Kosovo Police and Customs and setting it on fire.

Unconfirmed reports say fire shots were heard in the scene, perhaps near the KFOR (NATO-led mission) site.

KFOR Commander Erhard Buhler in the afternoon called on Serbs to remain calm after unidentified persons shot at two KFOR helicopters on route in the northern Kosovo.

The attack follows two days of a tense situation since Monday evening when Kosovo leader Hashim Thaci dispatched special police to take control of the two disputed border crossings.

Special units of Kosovo police left two border points on Wednesday morning, but local Serbs, which oppose Pristina authorities, rejects the decision that Kosovo border and custom police officers remain in the border crossing point.

Kosovo Serb leaders have declared a state of emergency in the locality and have called all citizens to be aware of any developments that might occur in the hours to come.

KFOR Commander has ordered reserve units to be ready for intervention if the situation worsens. Roads to the disputed crossings remained barricaded by local Serbs.

Sao Paulo announces return of Denilson

Sao Paulo announces return of Denilson

Caption Arsenal's Denilson (L) challenges Ipsich Town's Colin Healy during their English League Cup semi-final first leg soccer match at Portman Road in Ipswich, southern England, January 12, 2011.(Xinhua/Reuters File Photo)

The Sao Paulo soccer team proudly presented Denilson on Tuesday.

Denilson, who left Sao Paulo in 2005 at the age of 18 to play for England's Arsenal, claimed that he was unsatisfied at Arsenal and with head coach Arsene Wenger.

After negotiating with the club's management, Sao Paulo sent a representative to China in order to guarantee the player's release. Arsenal was having a tour of Malaysia and China.

Denilson claims that he is in the best shape of his life and at the peak of his professional career. Due to his pre-season training with Arsenal, the midfielder says that he is ready to play in Sao Paulo's up-coming match against Atletico-GO in the Morumbi stadium on July 23.

Denilson has aspirations of playing for Brazil in the 2014 World Cup on Brazilian soil. He declared that his hard work and dedication will lead to his convocation and return to the national team.

Also on Tuesday, Adilson Batista commanded his first team practice as Sao Paulo's new head coach.