Recent monthly statistics from China show that new loans surged from March to April, continuing a pattern of acceleration and deceleration in lending as the government attempts to maintain a balance in the economy.

Slovakia has recalled its ambassador to Hungary for “consultations,” as a new government prepares to take office in Budapest.

China's monthly economic statistics for April showed a 2.8 percent increase in consumer price inflation, confirming expectations that inflation would increase in tandem with efforts to fuel an economic recovery.

Efforts continued on May 11 to shut off an oil leak in the Gulf of Mexico, where the Deepwater Horizon rig exploded on April 20.

A new draft constitution has been proposed in Kenya, in attempts to reduce ethnic violence associated with elections.

Although Britain’s Conservative Party secured the most votes in May 6 elections, the extraordinarily close three-way race will complicate the task of forming a government.

Stocks plunged temporarily by nearly 9 percent on Wall Street on May 6, reflecting -- in part -- investor fears over the Greek deficit crisis and the eurozone.

Ukrainian Prime Minister Nikolai Azarov has issued the first confirmation from Kiev that a merger of Ukraine's national energy firm, Naftogaz, with Russia's Gazprom might be possible.

Details continued to emerge May 4 about Faisal Shahzad, the suspect in a failed May 1 bombing attempt in New York’s Times Square.

The investigation into a failed bombing attempt in New York has taken several turns, with White House officials saying May 3 they were looking at evidence of a “foreign nexus” that might have influenced the attack.