
United Nations, the World Bank and Switzerland are organizing a two-day international conference in Paris to try and associate global financial centres in helping recover assets taken and hidden by dictators and other leaders of corrupt regimes.

French Prime Minister Francois Fillon said that the weakening Euro was good for Europe. I currently see only good news regarding the euro-dollar exchange rate Fillon said at a press conference in Paris with Canadian Prime Minister Stephen Harper.

The Group of 20 nations failed over the weekend to agree on a proposal to impose a global tax on banks that was aimed at making the financial industry shoulder the cost of bailouts, settling instead for a common set of guidelines.

The IMF is sending a senior official to Hungary for talks with the new government early next week, amid rising concerns about the country's public finances.

Construction work will begin next year on one of the largest offshore wind farms in the world, an energy firm has announced. The £2 billion Gwynt y Mor wind farm will have 160 wind turbines around 10 miles off the north Wales coast near Colwyn Bay and Llandudno.

Scientists have claimed that eating soy could help prevent men from developing prostate cancer and from going bald. US researchers found a molecule produced in the intestine when soy is digested stops a hormone which can fuel prostate growth or cause baldness.

Disagreements over how quickly to reduce inflated budget deficits and restore balance to the global economy risk will be one of the main issues to be addressed at the high-level Group of 20 talks this week in South Korea.

French newspaper Le Monde is to take its controlling ownership stake out of the hands of editorial staff and sell it to an outside buyer. The paper, which has a centre-left political bent, was created after France was freed from Nazi rule in 1944 and is one of the country's most respected publications.

The Argentine trade mission sent to Beijing was unable to lift the ban on soy-oil imports imposed by China on Argentina. The Argentine delegation returned with the promise that further talks will be taking place but no dates were revealed.

Bolivian president Evo Morales said he was hopeful an agreement could be reached for the full reestablishment of diplomatic, trade and investment relations with Washington.