Diana Blakeney/PA/Bank of England
On stepping down as governor of the Bank of England, Mervyn King was presented with this portrait of himself by artist Diana Blakeney. In addition to the £10,000 painting Sir Mervyn, now Lord King, received a £597 silver napkin ring and a £2,505 sculpture of German playwright and scientist Johann von Goethe when he retired on July 1. The £13,000-worth of gifts were all paid for by the Bank of England, which is owned by the country. Three events were also held to mark his departure, which came to more than £10,000. The information emerged following a freedom of information request from msn.com, with the Bank of England insisting the gift of the silver napkin ring is normal for all departing senior directors
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
Chris McGrath /Getty
Australian Prime Minister Julia Gillard poses for photographers with students from Marianville girls secondary school on Friday in Port Moresby, Papua New Guinea. The three-day visit is a chance for the two nations to strengthen economic ties, with talks being held on key issues including, trade, military defense and the controversial Australian detention center on Manus Island. The trip is the first official visit for Prime Minister Gillard to the Pacific island nation and the first visit since former Prime Minster Kevin Rudd visited in 2007.
Julian Abram Wainwright/Bloomberg
Construction workers labour on the roof of a building in the Fort Bonifacio district of Manila, the Philippines. The Philippines beat Indonesia to win an investment grade from Standard & Poor’s last week as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth.
Protesters from the Islamic Action Front, and other opposition parties, shout slogans as they call for political and economic reform, and access to corruption cases, during a demonstration after Friday prayers in Amman, Jordan.