
British Prime Minister Theresa May was starting a crucial trade visit to China on Wednesday as she admitted the two countries will not always see eye-to-eye in sensitive areas like steel over-capacity and intellectual property rights.

The level of risk facing China’s financial system could be higher than was seen in the United States before the global crash, according to a former Chinese finance minister. Speaking at a forum in Beijing over the weekend, Lou Jiwei, now chairman of the National Social Security Fund Council, also described the state of China’s financial sector as “messy”.

The UK economy expanded at a slightly faster pace in the fourth quarter on services and manufacturing output, but the full-year growth was the weakest in five years, preliminary data from the Office for National Statistics showed. GDP grew 0.5% sequentially in the fourth quarter, while the rate was forecast to remain unchanged at 0.4%.

United Nations Secretary-General, António Guterres has referred the Guyana/Venezuela border controversy to the International Court of Justice (ICJ). In a statement which was published on the UN’s website on Tuesday, Stéphane Dujarric, spokesman for the Secretary-General stated that Mr Guterres has fulfilled the responsibility that has fallen to him within the framework set by his predecessor in December 2016, and has chosen the International Court of Justice as the means to be used for the solution of the controversy.

Daniel Funes de Rioja, Chair of B20, promoted the B20 agenda among British business, chambers, institutions and members of the press at the “B20 Priorities and Challenges” seminar at the Argentine Official Residence in London.

Prime minister Theresa May has been warned the UK risks disaster unless she sees off hard Brexiteers in her own party amid continuing Tory divisions over Europe. Ex-minister Anna Soubry said the PM must not let what she said were 35 MPs dictate the terms of the UK's EU exit.

The Oil and Gas Climate Initiative (OGCI) and Petrobras announced that the Brazilian company will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.

French President Emmanuel Macron called for further European Union sanctions on Venezuela, days after the 28-nation bloc agreed a travel ban and asset freezes on seven senior Venezuelan officials. The West accuses President Nicholas Maduro's government of violating democracy and human rights in the oil-producing nation, which is in the grip of a major economic and social crisis with millions suffering food and medicine shortages.

WHO’s first release of surveillance data on antibiotic resistance reveals high levels of resistance to a number of serious bacterial infections in both high- and low-income countries. WHO’s new Global Antimicrobial Surveillance System (GLASS) reveals widespread occurrence of antibiotic resistance among 500 000 people with suspected bacterial infections across 22 countries.

A long-awaited major trade deal between the EU and Mercosur may this week take a key step towards realization with ministerial teams from both sides meeting in Brussels on Monday. They are expected to give negotiators a new, decisive political impulse to reach agreement in a matter of weeks, according to Irish sources.