Countries that make up G-8, Germany, Japan, United States, Britain, Italy, Russia, Canada and France are to hold a meeting in near future. This would be to devise measures to handle the chaos occurring on the Financial front. The meet is most likely to take place in November. Among the recommenders of the meeting were Angela Merkel, the German Chancellor and Nicolar Sarkozy, French President. British prime Minister, Gordon Brown emphasized that not only the developed nations be discussed in it, but also the emerging economies like China and India be given a thought. The leaders echoed that they all stood united to boost up the confidence of financial institutions and bring the countries out of this tough time. The meet aims at both correcting the current shortcomings and formulating strategies so as to avert any similar happening again, ever. The root cause of the present troubles is thought to be the investments in U.S. as subprime mortgages. So, steps to not let it repeat itself are to be framed in the discussion.

McLaren's Lewis Hamilton earned the 2008 Formula One World Championship with a fifth-place finish at Autodromo Jose Carlos Pace at Interlagos Hamilton, 23, becomes the youngest driver to win a World Championship in F1 history.

The International Monetary Fund Chief - Dominique Strauss Kahn
RBI Deputy Governor - V leeladhar
The CEO of the Two British Brands Jaguar and Land Rover appointed by Tata Motors - David Smith
The Intel Corporation Chairman - Craig Barrett