The
Egyptian government struggled to impose order, but showed no signs of
bending to demands that President Hosni Mubarak resign. Meanwhile, the
country's scattered opposition movements announced they were throwing
their weight behind Mohamed ElBaradei to represent them in any future
negotiations with the government.
Chinese
financial institutions are pushing into Europe, opening bank branches,
scouting for deal opportunities and even attending German banking
classes, in the latest illustration of China's growing global economic
clout.
Global
trade has doubled and bilateral pacts have sprung up since the stalled
Doha round began. While countries say they haven't given up on the
decade-long world trade negotiations, the hurdles to a deal, already
substantial, have increased recently.
Chinese
authorities have blocked the word "Egypt" from searches on Twitter-like
microblogging sites in an indication of concern among Communist Party
leaders that the unrest there could encourage similar calls for
political reform in China.
The
Hong Kong stock exchange's recent success wooing foreign companies
poses a new challenge to Shanghai's ambition to become a global
financial center.
Investors
in emerging markets face a risky landscape as a result of inflation.
The question is whether central banks and governments are doing enough
to stamp out inflation fires fueled by rising commodity prices and
domestic economies operating at full tilt.
Chinese
farmers, ginners and merchants apparently are hoarding cotton in the
hopes of holding out for higher prices, as the commodity has reached
140-year highs.