
A convoy of Libyan rebels rolled early Monday morning into central Tripoli past celebrating crowds after a day of heavy fighting in and around the capital. Crowds on Green Square cheered them, waving flags and firing salutes.

Asian stocks fell on Friday, following the trend on global markets, on continuing worries that the US economy could slide back into recession and the Euro debt crisis remains latent.

Stock markets across Latin America, led by regional heavyweight Brazil, fell sharply Thursday as recession fears sent global markets down. Meanwhile the spot price of gold hit yet another record high of just below 1.829 dollars an ounce.

Korea’s leading businesses are making their forays into Latin America, which has emerged as a favoured destination among global investors for its growing economy, ample natural resources and robust domestic demand.

The United States and Euro zone are dangerously close to recession, Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

FIFA should limit terms for senior officials, set up an independent group to clear up anti-corruption allegations and embrace transparency, corruption watchdog Transparency International (TI) said.

French magistrates formally opened an investigation into IMF chief Christine Lagarde this week for possible misconduct in approving a huge payment to a friend of President Nicolas Sarkozy when she was Finance minister.

The leaders of France and Germany meeting in Paris unveiled wide-reaching plans for closer Euro zone integration, including deficit limits and biannual summits but said joint Euro bonds could only be a long-term option.

US universities continue to dominate the upper echelons of world rankings, taking 17 of the top 20 spots in the Shanghai Jiao Tong top 500 ranking. Five Brazilian, one Mexican and one Argentine figure among the 500 list.

The World Bank has called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.