British Prime Minister Gordon Brown has suspended ex-minister Elliot Morley from the Parliamentary Labour Party and an aide to Tory leader David Cameron quit his post as the Westminster expenses scandal claimed its first scalps.
The United States Treasury wants more regulation of derivatives - the complex financial instruments that brought down some of Wall Street's biggest names. Proposals to be set out by Treasury Secretary Timothy Geithner will call for an electronic system to monitor buying and selling in the market.
New York City's Lincoln Center for the Performing Arts, the largest in the world, officially launched this week a year long celebration of its 50th Anniversary with a commemorative ceremony at Alice Tully Hall.