Italian police have arrested a senior Catholic cleric, Monsignor Nunzio Scarano. He is accused of attempting to smuggle millions in cash into Italy for a family friend. Scarano is also a senior accountant in the Vatican's financial administration.
A century ago, the building of the Panama Canal and construction of Lake Gatun was met with great fanfare. It captured the attention of the world, showing that the seemingly impossible was indeed possible.
Seoul is already calling for imports to be restricted again; protesters have put pressure on President Lee Myung Bak and they say he's exposing the nation to mad cow disease by allowing the import of US beef, as Correspondent Jason Strother has the story.
As the U.S. bailout plan stumbles on Capitol Hill, European banks are suffering from their exposure to the U.S. crisis. The World's Laura Lynch reports that governments in Europe have had to intervene with bailouts of their own.
Anchor Marco Werman speaks with The World's Mary Kay Magistad about two issues involving China -- the financial crisis and human rights. China is preparing to host a summit of Asian and European nations to discuss the financial crisis.
Anchor Marco Werman speaks with economist Garel Rhys, director of the Center for Automotive Industry Research at the University of Cardiff, about the economic outlook for foreign autoworkers compared to their counterparts in the U.S.
The World Bank forecast 6.5 percent growth for China this year. That's relatively good economic news, though China had set a goal of 8 percent growth. The World's Mary Kay Magistad reports from Beijing.