Global financial crisis

An Indian man cools off his horse during a bath in a canal in Jalandhar on May 23, 2013. High temperatures hovering around 45 degrees Celsius are affecting much of central and northern India ahead of the summer monsoon rains. AFP PHOTO/ SHAMMI MEHRASHAMMI MEHRA/AFP/Getty Images

Shammi Hehrashammi/AFP

German Chancellor Angela Merkel shares a kiss from Netherlands’ Prime Minister Mark Rutte before their bilateral talks in the western German town of Kleve on Thursday. Read more

EU Parliament Session in Strasbourg...epa03709926 Members of the Parliament vote during a plenary session at the European Parliament in Strasbourg, France, 21 May 2013. European Union leaders must go beyond promises when they tackle the issue of tax evasion at a Brussels summit this week, several leading EU parliamentarians said on 21 May - hours after internet giant Apple was accused of dodging US income taxes. 'Do we really have the courage and the willingness to fight tax evasion and tax havens? We need strong action, not only declarations,' Socialist leader Hannes Swoboda said during a debate at the European Parliament plenary in Strasbourg, France.  EPA/Patrick Seeger

Patrick Seeger/EPA

Members of the parliament on Tuesday vote during a plenary session at the European Parliament in Strasbourg, France. EU leaders must go beyond promises when they tackle the issue of tax evasion at a Brussels summit this week, several EU parliamentarians said, hours after Apple was accused of dodging US income taxes. Read more

A pedestrian crosses a road in Tokyo, Japan, on Wednesday, May 15, 2013. Japan's economy expanded the most in a year last quarter as consumer spending and export gains outweighed the weakest business investment since the wake of the March 2011 earthquake and tsunami. Photographer: Akio Kon/Bloomberg

Akio Kon/Bloomberg

A pedestrian crosses a road in Tokyo, Japan. The economy of Japan expanded last quarter, the most in a year, as consumer spending and export gains outweighed the weakest business investment since the earthquake and tsunami of March 2011 Read more

People eat take away food as they have a break, in the business district of La DÈfense, Paris, Wednesday, May 15, 2013. France's economy has fallen back into recession, spelling trouble for the region. The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year. The agency also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3-per cent retraction. (AP Photo/Christophe Ena)

Christophe Ena/AP

People take their break in the business district of La Défense, Paris, on Wednesday. France’s economy has fallen back into recession, spelling trouble for the region. Insee, the national statistics agency, said gross domestic product fell 0.2 per cent in the first quarter of the year. It also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3 per cent retraction. Read more

A protestor wearing a mask with the colours of the Kenyan flag participates in a demonstration against lawmakers' salary demands outside the parliament buildings in the capital Nairobi, May 14, 2013. Kenyan police in riot gear fired teargas and water cannons on Tuesday to disperse about 200 protesters gathered outside parliament to demonstrate against lawmakers' salary demands. REUTERS/Thomas Mukoya (KENYA - Tags: SOCIETY POLITICS CRIME LAW TPX IMAGES OF THE DAY)

Thomas Mukoya/Reuters

A protestor wearing a mask with the colours of the Kenyan flag participates in a demonstration against lawmakers’ salary demands outside the parliament buildings in the capital Nairobi on Tuesday. Kenyan police in riot gear fired teargas and water cannon in attempts to disperse about 200 protesters.

Pensioners shout slogans and hold a flag depicting Che Guevara during an anti-austerity demonstration in central Athens on April 19, 2013.

Aris Messinis/AFP

Pensioners shout slogans and hold a flag depicting Che Guevara during an anti-austerity demonstration in central Athens on Friday.

A group of Chinese workers have lunch by a road in Beijing on April 16, 2013.  Growth in China slowed to 7.7 percent in the first quarter, data showed on April 15, below forecasts and fuelling fears a recent pick-up in the world's number-two economy is faltering on weak overseas demand.

Wang Zhao/AFP

A group of Chinese workers have lunch by a road in Beijing on April 16 2013. Growth in China slowed to 7.7 per cent in the first quarter, data showed on April 15, below forecasts and fuelling fears that a recent pick-up in the world’s second-largest economy is faltering on weak overseas demand.

An investor naps in front of screens showing stock information at a brokerage house in Qingdao, Shandong province April 12, 2013. China shares extended a weekly losing streak to three with a feeble finish on Friday, dragged down by weakness in the brokerage sector with Founder Securities diving almost 7 percent.

China Daily/Reuters

An investor naps in front of screens showing stock information at a brokerage house in Qingdao, Shandong province on April 12 2013. China shares extended a weekly losing streak to three with a feeble finish on Friday, dragged down by weakness in the brokerage sector with Founder Securities diving almost 7 per cent.

Daimler CEO Zetsche attends Daimler annual shareholder meeting in Berlin

Fabrizio Bensch/REUTERS

Rocky road: Dieter Zetsche, Daimler CEO, attends the company’s annual shareholder meeting in Berlin April 10, 2013. The German premium automaker is likely to cut its profit expectations for the year, after it said on Wednesday that its core European markets continue to weaken. Daimler has fallen behind its German rivals BMW, and Audi due to deep-seated problems in China and the latest profit warning is another dent in the credibility of Mr Zetsche, whose contract extension in February nearly ended in a boardroom coup. Daimler may need to revise its full-year profit goal after the car and truckmaker warned that European automotive markets remained in the doldrums.

People take part in a demonstration against a bill to reform the country's labour laws based on an agreement reached between employers and unions, on April 9, 2013 in Lyon. The bill is designed to give more flexibility to employers but also to offer more protection to employees, a key concern of French unions. Banner reads "no to all laws of social regression".

Jeff Pachoud/AFP

Protesters demonstrate against a bill to reform the country’s labour laws based on an agreement reached between employers and unions, on April 9 2013 in Lyon. The bill is designed to give more flexibility to employers but also to offer more protection to employees, a key concern of French unions. The banner reads “no to all laws of social regression”. Read more