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Today China, Japan and South Korea announced a plan to work toward coordination of their monetary policies. But the first hurdle will be overcoming centuries of suspicion and mistrust. Bob Moon reports.

John Laurenson reports on how Germany is offering an interesting career change for its prostitutes — and how the country is dealing with an expected demand for prostitution during the upcoming World Cup.

Hotel chains are pouring millions into new construction in China. But commentator Rudy Maxa says much of the investment seems to run counter to that nation's official Communist philosophy.

While avian flu is still a big "if" here, other parts of the world are already battling outbreaks in their bird populations. In Africa, chickens are not only food, but an insurance policy against hard times. Suzanne Marmion reports.

Russia has been nationalizing its petroleum industry for the past year and now it's looking for more. Vladimir Putin today hailed a deal with Germany and as Alasdair Sandford reports, Russia doesn't plan to stop there.

A year ago, Iraq formed its first democratically-elected government in more than 50 years. But tackling corruption has not been high on the Iraqi government's to do list. As Ben Gilbert reports from Baghdad, corruption is more pervasive than ever.

Iran's leader Ayatollah Ali Khamenei threatened today to strike at US interests if his country is attacked. Meanwhile, the House approved a bill that would block loans and export licenses to companies doing business with Iran's oil industry. John Dimsdale reports.

Thousands of people are being evacuated from rising waters in Romania, Hungary and the Balkans, as governments are dealing with some of the worst flooding in more than a century. Stefan Bos reports.

Chinese President Hu Jintao visits the United States this week. He travels first to Seattle, where he'll visit Bill Gates. As Alisa Roth reports, the stop is a victory in Gates' ongoing battle against pirated software in China.

Mexico's center-left presidential candidate is hoping to broaden his appeal by reaching out to the Mexican business community. Dan Grech looks at how well the strategy is likely to succeed.