
The World Bank has raised its growth forecasts for the Chinese economy. However the bank warns of risks from the surging property market and bank lending.

Elements of the British press have expressed concern that despite close political ties at present, a 50-year military treaty with France could jeopardize Britain’s ability to react independently, for example in the Falkland Islands, according to France 24-International News which makes a summary of the British press reactions.

The incident occurred in the House of Commons and involved UK Defence Secretary Liam Fox and Labour MP Thomas Docherty, as was reported by James Kirkup in the Daily Telegraph.

China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.

After years of political division, Europe's two biggest military powers have come together to sign a historic defence-sharing agreement.

It was a tight squeeze for a giant new cruise ship sailing from Europe to its home port in in Fort Lauderdale, Florida, over the weekend.

The new head of the British armed forces has said it makes absolute sense for the United Kingdom and France to work together on defence, ahead of a summit on Tuesday. PM David Cameron and French President Nicolas Sarkozy are expected to sign a defence treaty improving collaboration between the two countries.

EU leaders say tough new budget rules agreed at their summit in Brussels will protect the Euro from a future Greek-style debt crisis. The EU sealed a solid pact to strengthen the Euro, said European Council President Herman Van Rompuy.

The gold market continued to be supported by concerns over the health of the global economy and its ability to show a sustained recovery, especially in developed nations, according to the latest edition of Gold Investment Digest published today by the World Gold Council (WGC).

Argentine bonds posted big gains and stocks hit a new record high Thursday as markets anticipated a more business-friendly environment following the death of former president Nestor Kirchner.