
Jim Yong Kim, who took over as World Bank president said his first task will be to help emerging markets keep expanding at a time of stress for the world economy.

The cruise ship “Nieuw Amsterdam” on its present voyage catering to gay clients docked Sunday in Malaga, south of Spain, after Moroccan authorities prohibited it from making its scheduled port of call in Casablanca.

Gibraltar Chief Minister Fabian Picardo has declared that he will never hand over “a grain of sand, a drop of water or a breath of air to Spain”. In an interview with the Spanish national press agency EFE, in Gibraltar House in London, Picardo regretted the “difficult relations with Spain” but reiterated that he would never cede “an iota of sovereignty to Spain.”

Gibraltar and Spain are edging closer to a fishing activities agreement and a further round of technical talks between the Gibraltar Government’s fishing commission and Spanish fishermen has been agreed for next week.

As expected, more than two-thirds of the lawmakers in Germany's parliament moved on Friday to approve the permanent Euro rescue fund, the European Stability Mechanism, and a fiscal pact long championed by Chancellor Angela Merkel.

Brazil could soon run out of soybeans to export this year after farmers’ frontloaded their shipments more than normal to cash in on high international prices and a favourable exchange rate.

Wikileaks founder Julian Assange is ignoring a London Metropolitan Police order to surrender himself at a police station, his representative has said. Susan Benn said he was advised to decline to comply and will remain inside the Ecuadorian embassy while his application for asylum is processed.

China will make part of the booming Shenzhen economic zone, a test ground for freer Yuan usage and capital account convertibility, the National Development and Reform Commission said on Friday.

Argentine seized YPF energy company informed on Friday that its American Depositary Shares (ADS) were listed back in to trade in New York after being de-listed for almost two months for not complying with auditory regulations.

China and Chile upgraded their bilateral ties to a strategic partnership and expect to double trade in three years once the bilateral free trade area agreement is completed with investment related supplementary accords.