Our editors will be looking ahead today to these developing stories ...
Debt crisis tops agenda at G20 summit in Cannes
It will be a case of different cast list, different venue, but same old problems when the leaders of the Group of 20 jet in to the south of France for their summit in Cannes. Hosted by French President Nicolas Sarkozy, the two days of talks will begin where last week's euro-zone gathering in Brussels ended - with the deepening sovereign debt crisis in the monetary union. The good news from last week's meeting was that the 17 countries in the single currency bought themselves a respite with their latest bailout package. The bad news was that the respite lasted only two days, and markets have been tumbling this week after Greek Prime Minister George Papandreou announced he would put the bailout terms to a referendum. Both China and the United States have expressed concern and irritation in recent weeks over the failure of the Europeans to 'get their act together', and tackling the debt crisis will be top of the agenda in Cannes.
Wine and spirits fair grows by a third
The Hong Kong International Wine and Spirits Fair opens at the Convention and Exhibition Centre in Wan Chai. Featuring more than 930 exhibitors, the fair is a third bigger than it was last year. It runs until Saturday and will be open to the public on that day. For the first time, there will be a wine investment corner with eight exhibitors, reflecting the boom in the popularity of wine as an investment in recent years.
Philippine military, rebels talk peace in Malaysia